OAR 732-040-0015
Audit and Compliance Review Requirements

(1) Recipients shall conduct an annual financial audit of the STIF moneys received.
(2) All financial audit reports shall be submitted to the Agency no later than 30 days after the receipt of the auditor’s final report(s).
(3) Recipients shall be subject to periodic on-site compliance reviews by the Agency. The purpose of the compliance site review is to ensure that Recipients have appropriate, adequate internal controls and management procedures to meet the terms and conditions of agreements governing the disbursement of STIF moneys. Compliance reviews may cover the following topics, as applicable: program management; financial management; operations management, procurement, use and maintenance of equipment; records retention; compliance with state and federal civil rights laws; compliance with FTA drug and alcohol regulations; and compliance with the ADA.
(4) Recipients shall permit the Agency, the Secretary of State of the State of Oregon, or their authorized representatives, upon reasonable notice, access to all data and records relating to STIF moneys received or disbursed and to inspect the STIF Plans and Projects financed with STIF moneys including, but not limited to, the financial records, physical premises and Capital Assets used to deliver public transportation services.
(5) Recipients shall ensure that their agreements or contracts with Sub-Recipients or vendors include provisions which permit the Agency, the Secretary of State of Oregon, or their authorized representative, access to data and records held by the Sub-Recipient or vendor as described in section (4) of this rule.

Source: Rule 732-040-0015 — Audit and Compliance Review Requirements, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=732-040-0015.

Last Updated

Jun. 8, 2021

Rule 732-040-0015’s source at or​.us