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Title 20: Employees' Benefits
CHAPTER V: EMPLOYMENT AND TRAINING ADMINISTRATION, DEPARTMENT OF LABOR
PART 633: MIGRANT AND SEASONAL FARMWORKER PROGRAMS
Subpart C: Program Design and Administrative Procedures
633.309 - Recordkeeping requirements.
(a) Each grantee shall ensure maintenance of systems whose financial management and participant data components provide federally-required records and reports that are accurate, uniform in definition, accessible to authorized Federal staff, and verifiable for monitoring, reporting, and evaluation purposes.
(b) The grantee shall ensure that systems:
(1) Maintain data elements used in required Federal reports in accordance with established program definitions contained in the Act and these regulations;
(2) Follow consistent rules for aggregation of detailed data to summary levels;
(3) Are able to track data from detailed records to summary reports;
(4) Maintain procedures to ensure that information is current, complete, consistent, and accurate;
(5) Meet generally accepted accounting principles as prescribed in 41 CFR part 29-70;
(6) Provide for adequate control of Federal funds and other assets;
(7) Trace the funds to a level of expenditures adequate to demonstrate that funds have been spent lawfully;
(8) Maintain internal controls to avoid conflict-of-interest situations and prevent irregular transactions or activities;
(9) Support accounting records with source documentation such as cancelled checks, paid bills, contracts, grants, and agreements; and
(10) Establish procedures that will minimize the time elapsing between the receipt of advanced funds and their disbursement.
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