ADS 303.3.10.4, Meeting Cost Sharing Requirements, states that a technical representative should monitor the recipient's financial reports to ensure that contributions are being met and should elevate any issues to the agreement officer for resolution.
Cost share contributions are the resources a recipient contributes to the total cost of an agreement, which may include in-kind contributions, such as volunteer time, valuation of donated supplies, equipment, and other property. Furthermore, guidance authorizes an agreement officer to reduce the amount of the agreement or request recipients to refund the difference.
Determine if appropriate cost share contributions have been made and document a plan to recover any outstanding contributions.
Source: AUDIT REPORT NO. 6-263-10-001-P October 27, 2009.
The recommendations are derived from audit reports of the Office of the Inspector General. The source refers to the audit report, which is available on this site as part of the Audit Database Project: an educational tool for compliance with USAID regulations. Please see the disclaimer of this site before using recommendations.
|←Previous Grants With Special Conditions Were Not Monitored and Were Susceptible to Fraud - (22 CFR 226.14, “Special Award Conditions”) - ADS 303.3.9.2, “High Risk Recipients"|
- Monitoring Cost-Sharing Contributions - ADS 302.2
- Strengthen Monitoring of Partners’ Performance - ADS 303.3
- Grants With Special Conditions Were Not Monitored and Were Susceptible to Fraud - (22 CFR 226.14, “Special Award Conditions”) - ADS 303.3.9.2, “High Risk Recipients"