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Federal Transit Administration
Financial Management Oversight Seminar 2005

Page 54 - Common Rule - Budget Control

18.20(b)(4) Budget Control. "Actual expenditures or outlays must be compared with budgeted amounts for each grant or subgrant. Financial information must be related to performance or productivity data, including the development of unit cost information whenever appropriate or specifically required in the grant or subgrant agreement."

Condition: Budget to actual analysis not performed for capital budget


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2005 - Federal Transit Administration