Closeout procedures.

CFR · 2024-01-01 · US · Title 13

(a) (b) (i) An inventory of WBC property must be compiled, evaluated, and all property and the aggregate of usable supplies and materials accounted for in this inventory. (ii) Program income balances will be reconciled and unused WBC program income which is not used as match or cannot otherwise be used to offset legitimate expenditures of the WBC must be returned to the SBA. (iii) Client records, paper and electronic, will be compiled to facilitate an SBA program closeout review. (iv) Financial records will be compiled to facilitate a closeout of the SBA financial examination. (2) (c) (2) The AA/OWBO will issue written disposition instructions to the recipient organization providing the following: (i) The name and address of the entity or agency to which property and program income must be transferred; (ii) The date by which the transfer must be completed; (iii) Actions to be taken regarding property and WBC program income; (iv) Actions to be taken regarding WBC program records such as client and training files; and (v) Authorization to incur costs for accomplishing the transfer. Such costs may, when authorized, be applied to residual WBC program income or Federal or matching funds.

official document · source cfr-2024 · id 13:§ 131.650