- Proper segregation of duties is critical
- Document authorization controls
- Request verification notice from bank for all transfers in from FTA
- Perform reconciliation of all ECHO accounts regularly
- Establish controls to verify on-line entry of FSR data (i.e., segregation of duties, recheck of input)
- FDIC insures bank accounts up to $100,000
- Grantee should obtain collateral for bank account balances over $100,000
2005 - Federal Transit Administration