20-39: New School Board Policies

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P.O. Drawer 140, 100 Central Circle

Low Moor, VA  24457

540-863-1800          540-863-1804 fax

 

DATE:  August 19, 2019

INFORMATION ITEM

 

SUBJECT

New School Board Policies BBFA-R and DAF

RATIONALE

New policies are required in response to the issuance of revisions to the Code of Federal Regulations, 2CFR200 – Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards. Our auditing firm, Robinson, Farmer, Cox Associates has provided assistance with these new policies and the presence of final, approved versions will be part of their audit review this Fall. The new policies are BBFA-R – Regulations Governing Conflict of Interest and Disclosure of Economic Interests When Federal Award Funds are Utilized and DAF – Federal Awards Administration.

ESTIMATED COSTS

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BUDGET CATEGORY

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LEGAL REFERENCE

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STAFF CONTACTS

Keven Rice

SUPERINTENDENT’S

RECOMMENDATION

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Attached:  Policy BBFA-R – Regulations Governing Conflict of Interest and Disclosure of Economic Interests When Federal Award Funds are Utilized and DAF – Federal Awards Administration are attached.