U.S. Department of Transportation
Federal Transit Administration
Financial Management Oversight Seminar 2005
Page 71 - Elements of Internal Control - Risks: Activity Cycles
Policy and Planning Cycle
Overall Mission
Long Term Planning
Determine Policies
Set Procedures
Budget Cycle
Formulation
Approval
Implementation
Control
Reprogramming
Program Cycle
Transit Operations
Operations Support
Customer Service
Capital Program
Administrative Cycle
Grants management
Procurement
Accounting
Personnel
Reporting Cycle
Financial Reports
Management Reports
Operating Reports
Legal Reports
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Opening Page
Table of Contents
2005 - Federal Transit Administration