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endofthecontractperiod.AnyinterestearnedoncashadvancesfromtheU.S.Treasuryandfromfunds <br />heldinarevolvingfundaccountisnotprogramincomeandshallberemittedpromptlytotheCity. <br />ProgramIncome,ifgenerated,willberecordedintheappropriatedatabase(DRGR)onamonthlybasis <br />andusedbeforeanyentitlementfundsaredrawn.MunisandDRGRwillbebalancedmonthlybythe <br />FinanceDepartmenttoensureaccurateandtimelyreportingofprogramincome. <br />SECTION5:SALARIESANDWAGES <br />TheCityofSanMarcosutilizesthePayrollandHRmoduleoftheMunisFinancialSystemtorecordand <br />processallpayrollandHRrelatedactivity.ThismoduleintegratesseamlesslywiththeMunisGeneral <br />LedgermoduleforpostingofallocatedcoststotheGeneralandProjectLedgers.Thetimekeepingsystem <br />requiresstaffandtheirimmediatesupervisorstocertifypayrollbiweekly.Munishastheabilitytocapture <br />staffhoursbyproject,bydayasmandatedbygrantingagencies.Basedonthetimereportedby <br />employees,reportsaregenerateddetailingthespecificprojecthours.Thepayrollexpensebasedonactual <br />hoursworkedoneachgrantischargedbiweeklyinthe/źƷǤ͸ƭMunisfinancialreportingsystem. <br />SECTION6:INDIRECTCOSTS <br />TheCodeofFederalRegulations2CFR§200.306(c)providesthatunrecoveredindirectcosts,including <br />indirectcostsoncostsharingormatchingmaybeincludedaspartofcostsharingormatchingonlywith <br />thepriorapprovaloftheFederalawardingagency.Unrecoveredindirectcostmeansthedifference <br />betweentheamountchargedtotheFederalawardandtheamountwhichcouldhavebeenchargedto <br />theFederalawardunderthenonFederalentity'sapprovednegotiatedindirectcostrate. <br />Currently,theCityintendstochargetheCDBGDRgrantonlythedirectcostsofprogramdelivery.CDBG <br />subrecipientswillalsobeallowedtochargeonlydirectcostsofprogramdelivery.Indirectcosts <br />associatedwiththeCDBGDRgrantwillbefundedbytheCityorinthecaseofsubrecipients,otherfunding <br />sources. <br />ShouldtheCitydeterminethatanindirectcostallocationisnecessarytosupportCDGBDRprojects,we <br />willtaketheappropriatestepstodevelopaHUDapprovedcostallocationplantoincorporateindirect <br />costs.UtilizingtheUniformGuidancein2CFRPart200§200.27,§200.56,§200.57,§200.416and <br />AppendicesIV,V&VI.TheCitywilldevelopaplantoallocateindirectcostswhichwillcomplywithPublic <br />Law114113andwillseekHUDpreapprovalasrequiredin2CFR§200.306(c). <br />SECTION7:LUMPSUMDRAWDOWNS <br />TheCityofSanMarcosdoesnotintendtorequestlumpsumdrawdowns. <br />SECTION8:INTERNALCONTROLSANDBONDING <br />Thedetailedproceduresaredesignedtoincludeinternalcontrolsrequiredtoprovideforadequate <br />safeguardingofassetsandaccuratefinancialreporting.Narrativeofthe/źƷǤ͸ƭinternalcontrolsover <br />Purchasing,Payroll,RevenueandReceivablesisprovidedinthe Appendix.Theconcepts,elements,and <br />objectivesofinternalcontrolsincludethefollowing: <br />CITYOFSANMARCOSCDBGDRFINANCIALPOLICIES&PROCEDURESMANAUAL13|P <br />AGE <br /> <br />