According to ADS 302.2, an AOTR is required to ensure that USAID exercises prudent management of its awarded assistance and facilitates the achievement of program objectives by monitoring recipient performance. Specifically, ADS requires the AOTR to monitor financial records to ensure that the recipient is making the required cost-sharing contributions.
Cost-sharing refers to amounts expended by an implementing partner—which are typically in-kind contributions of goods or services—in furtherance of an agreement’s objectives.
Source:AUDIT REPORT NO. 4-674-11-009-P JULY 20, 2011
This information is 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 this information.
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- Cost-Sharing Regulations - 22 CFR 226
- Various Bank Accounts Were Used to Manage Program Expenses - ADS 303
- Strengthen Monitoring of Partners’ Performance - ADS 303.3
- Monitor Cost Share Contributions - ADS 303.3.10.4, Meeting Cost Sharing Requirements
- 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"