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i <br /> Board of Selectmen Page two <br /> Administrative <br /> Controls — General Political activity <br /> Davis—Bacon Act <br /> Civil rights <br /> Cash management <br /> Relocation assistance and real property <br /> acquisition <br /> Federal financial reports <br /> Administrative <br /> Controls — Specific Types of services <br /> Matching level of effort <br /> Eligibility <br /> Reporting <br /> Cost allocation <br /> Monitoring subrecipients <br /> The management of the Town of Mashpee, Massachusetts is responsible for <br /> establishing and maintaining internal control systems used in administering <br /> federal financial assistance programs. In fulfilling that responsibility, <br /> estimates and judgments by management are required to assess the expected <br /> } <br /> benefits and, related costs of control procedures. The objectives of internal <br /> control systems used in administering federal financial assistance programs are <br /> to provide management with reasonable, but not absolute, assurance that, with <br /> respect to federal financial assistance programs, resource use is consistent with <br /> h <br /> i <br /> laws, regulations and policies; resources are safeguared against waste, loss and <br /> misuse; and reliable data are obtained, maintained and fairly disclosed in reports. i =t <br /> Because of inherent limitations in any system of internal accounting and <br /> administrative controls used in administering federal financial assistance <br /> I <br /> programs, errors or regularities may nevertheless occur and not be detected. <br /> Also, projection of any evaluation of the systems to future periods is subject <br /> I <br /> to the risk that procedures may become inadequate because of changes in <br /> conditions or that the degree of compliance with procedures may deteriorate. <br /> n <br /> MICHAEL J. CICORIA, CERTIFIED PUBLIC ACCOUNTANT <br /> 38 i' <br />