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CONSENT ITEM – 6N <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />December 14, 2020 <br />TO: Honorable Mayor and City Councilmembers <br />Dave Perrault, City Administrator <br />FROM: Gayle Bauman, Finance Director <br />SUBJECT: Policies and Procedures for Federal Awards Administration <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br /> <br />Council Should Consider <br />The City Council is requested to consider approval of Policies and Procedures for Federal Awards <br />Administration. <br /> <br />Discussion <br />The City has realized an increased amount of federal funds due to the COVID-19 pandemic. Our <br />auditors, MMKR, have recommended that the City have written policies in place to ensure <br />compliance with grant programs and the written policies are a requirement when completing the <br />testing for a single audit if we exceed the $750,000 audit threshold for federal awards. <br /> <br />While it does not appear the City will require a single audit for 2020, the written policies encompass <br />all of the requirements to be documented under the new single audit standards and will be in place <br />in the event the City ever does exceed the $750,000 threshold. <br /> <br />These Policies and Procedures for Federal Awards Administration were crafted from a document <br />provided to us by MMKR and being utilized by another City in Minnesota. <br /> <br />Budget Impact <br />None. <br /> <br />Attachments <br />A. Policies and Procedures for Federal Awards Administration <br /> <br />