The Executive Director should ensure written policies and procedures in the areas of cost allocation, payroll, employee benefits, and internal reporting and budgeting are included within the grantee’s Accounting Manual. They should adequately describe…

The Executive Director should ensure written policies and procedures in the areas of cost allocation, payroll, employee benefits, and internal reporting and budgeting are included within the grantee’s Accounting Manual. They should adequately describe the processes and controls in sufficient detail, and in accordance with LSC’s Accounting Guide and Fundamental Criteria. They should also reflect the current staff assigned to specific duties.