Federal Fiscal Monitoring
icon icon Grants Hotline: (602) 542-3901, Option 3
icon icon Grants Email: [email protected]
Meet Our Federal Fiscal Monitoring Unit:
The main objective of the Fiscal Monitoring Unit is to ensure entities are compliant with federal guidelines. The team’s mission is to curb any fiscal roadblocks, shed light on federal and state compliance guidelines, and overall enhance the grant experience. We do this by conducting Fiscal Monitoring Audits and examining Single Audits.
Fiscal Monitoring Audit:
A Fiscal Monitoring Audit is a process whereby the financial and business management aspects of a grant are reviewed and evaluated by collecting and analyzing information from several different sources. The monitoring process tests five different compliance categories:
The Fiscal Monitoring Unit is responsible for monitoring all grants that are processed through GME.
Single Audit is an annual organization-wide audit of an entity that expends $750,000 or more of Federal funds. Entities hire an independent CPA to examine financial records, financial statements, Federal award transactions and expenditures, management of operations, internal control systems and Federal assistance it received during the audit period. The objective is to ensure funds were spent in accordance with the Federal guidelines.
If you cannot find answers to your questions under any of the topics covered on this website, please call 602-542-3901 and use Option 3. One of our Fiscal Monitoring Auditors will be happy to answer your questions or help you find the guidance you need to meet compliance with federal grants management requirements.
For additional guidance, please refer to:
- Risk Assessment for further information on Risk Assessment
- Single Audit for further information on Single Audit
- Frequently Asked Questions for further instruction on grant processes
- Training Resources for technical instructions on using the GME system