Advance account and subrecipient monitoring policy

October 1, 2015

Advance accounts (also referred to as “At Risk” accounts) are encouraged when an award is eminent and there is sufficient information available to substantiate this. The use of advance accounts allow expenditures such as salaries to be charge to the correct account and avoid cost transfers, which represent a compliance risk.

The Subrecipient Monitoring policy applies to subawards issued under either direct or flow through Federal funding to NAU. This policy is required by federal regulation to assure that NAU is appropriately managing the subawards we issue to other entities.