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Federal Transit Administration
Financial Management Oversight Seminar 2005

Page 56 - Common Rule - Source Documentation

18.20(b)(6) Source Documentation. "Accounting records must be supported by such source documentation as canceled checks, paid bills, payrolls, time and attendance records, contract and subgrant award documents, etc."

Condition: Justification for sole source procurement was not documented.

Condition: Monthly reconciliations of accounts receivable and accounts payable prepared, but documentation is not retained.


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2005 - Federal Transit Administration