Records and recordkeeping.

CFR · 2024-01-01 · US · Title 13

(a) (2) The recipient organization will ensure complete and accurate detailed financial and programmatic documentation by all SBDC service center organizations and service centers. The (i) The recipient organization and Lead Center will ensure that: (A) All funds received throughout the SBDC network, both Federal and non-Federal, including program income, are properly accounted for, adequately safeguarded, accurately reported, and properly used to further program objectives. (B) Each SBDC service center organization has reviewed all charges made to its SBDC accounts, including program income, to ensure that they are allowable. (ii) The recipient organization's Lead Center monitoring and oversight activities must include annual on-site or virtual visits to all its SBDC service center organizations. (A) These review procedures must ensure that SBDCs are in compliance with the terms and conditions of the cooperative agreement. (B) The Lead Center will document the results of annual reviews of the financial and program records of its SBDC service center organizations. (C) An in-person monitoring review must be conducted the same year that there is a change in leadership or a record of problems in that year and must be conducted not less than every 4 years. (3) The recipient organization must keep records on the amount, source, and purpose of all funding under the overall management of the SBDC network, including Federal programs. (b) (2) All SBDC network records, financial and pr

official document · source cfr-2024 · id 13:§ 130.820