Page 21

DEO LIHEAP Policies and Procedures Manual Page 21

.06 Risk Assessments

A. Per Federal Statute 75.352, all pass-through entities must evaluate each subrecipient’s risk of noncompliance with Federal statutes, regulations, and the terms and conditions of the sub-award for purposes of determining the appropriate Subrecipient monitoring. B. The risk assessment shall be completed annually during the review of the annual Subgrant Agreement prior to DEO awarding funds to any subrecipient. C. Depending on the outcome of the risk assessment, DEO may adjust its monitoring schedule and plan to provide more in-depth review and training and technical assistance to a subrecipient. 1 A subrecipient with a HIGH-Risk Assessment score may be monitored within one year after DEO completes the risk assessment. In addition, after further consultation with the subrecipient, DEO may attach Special Conditions to the Subgrant Agreement that the subrecipient must meet in order to continue receiving funding. 2 A subrecipient with a MEDIUM or LOW Risk Assessment score, monitoring will be conducted on the regular schedule as set forth by DEO.

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Page 21

Official source

DEO LIHEAP Policies and Procedures Manual Page 21

.06 Risk Assessments

A. Per Federal Statute 75.352, all pass-through entities must evaluate each subrecipient’s risk of noncompliance with Federal statutes, regulations, and the terms and conditions of the sub-award for purposes of determining the appropriate Subrecipient monitoring. B. The risk assessment shall be completed annually during the review of the annual Subgrant Agreement prior to DEO awarding funds to any subrecipient. C. Depending on the outcome of the risk assessment, DEO may adjust its monitoring schedule and plan to provide more in-depth review and training and technical assistance to a subrecipient. 1 A subrecipient with a HIGH-Risk Assessment score may be monitored within one year after DEO completes the risk assessment. In addition, after further consultation with the subrecipient, DEO may attach Special Conditions to the Subgrant Agreement that the subrecipient must meet in order to continue receiving funding. 2 A subrecipient with a MEDIUM or LOW Risk Assessment score, monitoring will be conducted on the regular schedule as set forth by DEO.