Financial Monitoring and Compliance

Both the Administration and Innovation Division’s Financial Operations group and the Facilities Engineering Division’s Financial Management section have responsibilities for the monitoring, compliance and auditing of State and Federally funded grants, contracts, and loans. There are numerous requirements associated with these funding sources and unfortunately there is uncertainty in regards to where they do and don’t apply, where they are being applied multiple times, where they are not being applied and should be, and where they are not required and are being applied. As a result of this uncertainty, the Department has been subject to a number of audit findings over the course of the past few years which has had financial consequences for the Department. Given that the Financial Operations group has been expanding their role in monitoring of state and federal grants for the Department, and recent retirements have occurred in the Facilities Engineering Division, this appeared to be a good opportunity to examine overlap in the two programs.