Financial Desk Reviews
The financial desk review of a subrecipient involves the review of at least one full month of all reimbursements and/or an in-depth review of a certain number of line item costs (determined by the agency’s risk level).
At the request of CVAD staff, subrecipients are required to submit the necessary supporting documentation for claims reimbursement associated with the designated expenses as determined by the agency’s risk level.
**Note: The agency’s risk level dictates the type and frequency of financial and programmatic monitoring for each agency and/or funded project. Additional information on the risk assessment tool that is used to assess both financial and programmatic risk for CVAD subrecipients, may be found in the Risk Assessment section of this chapter.