• I. General
  Information
• II. Preaward
  Requirements
• III. Postaward
  Requirements
• IV. Organization
  Structure
• 
  V. Appendices

Chapters:

• 2.1 Application Process
  • Eligible Recipients
  • Program Announcements
  • Nondiscrimination Requirements
  • Intergovernmental Review
  • Application Submittal
  • Application Review
  • Financial Analysis
  • Certifications
  • Seat Belt Use
  • Text Messaging While Driving
  • Tribal Eligibility—Government Discount Airfare
• 2.2 Acceptance of Award and Award Conditions
  • Award Notification and Acceptance Procedures
  • Special Conditions
  • Federal Obligation Process
  • Automated Clearinghouse Enrollment
• 2.3 Standards for Financial Management Systems
  • Accounting System
  • Total Project Cost Budgeting and Accounting
  • Commingling of Funds
  • Recipient and Subrecipient Accounting Responsibilities
  • Contracting with Small and Minority Businesses
  • Supplanting

Standards for Financial Management Systems

Commingling of Funds

Although Federal regulations do not require physical segregation of cash deposits, the accounting systems of all recipients and subrecipients must ensure that agency funds are not commingled with funds from other Federal or private agencies.

• You must account for each award separately.
• Recipients and subrecipients are prohibited from commingling funds on either a program-by-program or project-by-project basis.
• Funds specifically budgeted and/or received for one project may not be used to support another.
• If your automated general ledger accounting system cannot comply with this requirement, you should establish a system to adequately track funds according to each budget category.

If your accounting system does not make it possible to identify funds and expenditures with a particular program (with the identification supported by source documentation), a site visit or an audit of that program may result in those costs being questioned or disallowed.

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