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The University uses the Banner system. The subaward is routed to Sponsored Programs (Pre-award), andthe budget is established in the financial system. Funds are obligated in the system by appointingemployees, as well as, for equipment and other expenses committed.The Business Office manages the budget in conjunction with the PI and Site Operations Manager.Business Office meets with the PI at least monthly to go over the system generated reports. The SiteOperations Manager has only been in his position for a few months and needs to be integrated into thebudget and planning process.3.4 Financial ManagementGOAL: The Subrecipient should have an adequate accounting system that is compliant with theapplicable accepted cost principles (2 CFR 220, 2 CFR 230, FAR Part 31), administrative requirements(2 CRF 215), and internal policies and procedures.The University Business and Financial Policies and Procedures for Grants and Research Contracts can befound at:http://www.obfs.uillinois.edu/cms/One.aspx?portalId=909965&pageId=930380A discussion concerning charging of costs, signature delegation and adequate supporting documentationoccurred, and their processes were found to be ample. One of the best practices noted was the Semi-Annual Expenditure Confirmation initiated by the Grants & Sponsored Projects Office. Units areprovided a list of projects, with associated expenditures and contributed effort commitments for each PI,for the six month period ending the preceding December and June. The PI is to verify the expendituresthen sign the confirmation.The Illinois policy on effort certification can be found at:http://www.obfs.uillinois.edu/cms/one.aspx?portalId=909965&pageId=913916We reviewed the payroll labor distribution report associated with the two invoices requested for reviewand found it to be ample.Participant support costs are budgeted and expensed, and the University has the capability to track thesecosts separately. We reviewed back-up documentation for two invoices submitted in the last twelvemonths.During that review it was discovered that meals for University employees were charged to theproject as participant support costs. The University will review all expenses for employee meals chargedto the project and remove the charges as appropriate.3.5 Financial ReportingGOAL: The Subrecipient should have a system in place to ensure compliance with the terms andconditions of the subaward for financial reporting that includes have adequate controls for preparingaccurate and timely cash requests and financial reports.Procedures for Billing and Financial Reporting can be found at:http://www.obfs.uillinois.edu/cms/one.aspx?portalId=909965&pageId=913918#0616