Frequency
To determine the need and frequency of program compliance
monitoring reviews, TRF uses a risk assessment process. This process
focuses on the following risk factors:
- The program’s total number of grants.
- The program’s total dollar amount in grants.
- Past performance history (eGrants grading system).
- Use of subcontractors.
- Size and complexity of project.
- Personnel costs (high risk factor).
- Equipment purchase with a value over a specified amount.
- New subgrantees to Traffic Safety.
- Potential program income.
- Project Manager request.
- Receipt by TRF of adverse audit findings or other adverse information.
- A stated combination of frequency and risk factors.
Identifying these risk factors allows the prioritization of
grants within TRF-BTS program areas representing the greatest need
for compliance monitoring, which helps TRF better allocate its resources.
For program areas with a large number of projects, multiple
projects may be considered for desk reviews during the year.