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NSF - 21-1-010 - Finding1Rec.2

Closed · 2021-05-18

From report

Report
Performance Audit of the Implementation of OMB COVID-19 Flexibilities – State University of New York at Stony Brook
OIG report number
21-1-010
Recommendation number
Finding1Rec.2

Recommendation text

Direct Stony Brook to update its administrative and management processes and internal control procedures surrounding the Award Cash Management $ervice for awards with expiring appropriations. Updated processes could include validating that Stony Brook only draws down funding based on immediate cash needs and/or adequately documents that any Award Cash Management $ervice draws in excess of its actual expenses support immediate cash needs.