A rugged, whitewater river flowing northward through deep canyons, the New River is among the oldest rivers on the continent. New River Gorge National River in West Virginia encompasses over 70,000 acres of land along the New River, is rich in cultural and natural history, and offers an abundance of scenic and recreational opportunities.
Enhancing Quality Assurance in the Award and Administration of Financial Assistance Transactions
December 28, 2006
Financial Assistance Communication Liaison Policy Release: 2007 - 1
To: Financial Assistance Communication Liaisons
Subject: Enhancing Quality Assurance in the Award and Administration of Financial Assistance Transactions
The purpose of this policy issuance is to provide bureau/office financial assistance programs with additional quality assurance tools for immediate use, and to reiterate the requirements found in Part 505, Section 2 of the Departmental Manual (DM) regarding:
selection of the appropriate award instrument, i.e., grant, contract, or cooperative agreement;
the need for clear legal authority for entering into financial assistance agreements; and
increased competition, where appropriate, and transparency in all financial assistance transactions.
For the purpose of this policy, financial assistance awards are defined as grants and cooperative agreements.
In an effort to ensure that Department of the Interior financial assistance awards are made in accordance with Office of Management and Budget policy and 505 Departmental Manual (DM) requirements, all financial assistance awards must include a completed Financial Assistance Agreement Review Sheet (attached). This checklist must also be used in the conduct of management reviews of financial assistance transactions. A copy of the checklist was also provided to bureaus/offices with the December 5, 2006, Fiscal Year 2007 Internal Control/Departmental Functional Review Guidance for Acquisition, Financial Assistance, and Property Management.
In completing the checklist, financial assistance officials must ensure that they address the applicability and extent of competition for each transaction awarded.
A flowchart mapping the process bureausoffices should use when determining proper award instrument selection is also attached for immediate use and reference.
Copies of this policy with the attached checklist and flowchart will be posted to the Office of Acquisition and Property Management Financial Assistance policy and regulations website at: http://www.doi.gov/pamJpamfaeg.html.
Please contact Kate Oliver of my staff at 202-208-3345 if you have any additional questions.