Financial Monitoring and Accountability core areas of responsibilities are:
- Subrecipient Monitoring - FMA staff develop the monitoring tool and complete an annual onsite monitoring and quarterly desk reviews for each Regional Workforce Board (RWB). The requirements for subrecipient monitoring are contained in the 31 USC 7502(f)(2)(B) (Single Audit Act Amendments of 1996 (Pub. L.104-156)), OMB Circular A-133 (§___.225 and §___.400(d)), A-102 Common Rule (§___.37 and §___.40(a)), and OMB Circular A-110 (§___.51(a)), federal awarding agency program regulations, and the terms and conditions of the awards.
- Cost Allocation Plans – Cost Allocation Plans for Regional Workforce Boards and other subrecipients are reviewed and approved.
- Internal Control Questionnaire – COSO 2013 standards were utilized to create the 2013-14 Internal Control Questionnaire enabling Regional Workforce Boards to conduct a self-assessment of their internal control environment.
- Risk Assessment – Regional Workforce Board risk assessments are conducted annually utilizing the last two Federal A-133 Audits, Programmatic Monitoring Reports, and FMA annual monitoring reports.
- Technical Assistance –is available to program offices and RWB’s on a wide variety of topics to assist in compliance with laws, regulations, and provisions of sub-awards.
- Federal/State Single Audit Compliance: Facilitate/ensure completion of all required functions in compliance with OMB Circular A-133 and Section 215.97, Florida Statutes