Internal Control Policy

The South Granville Water and Sewer Authority (SGWASA) maintains an Internal Control Policy establishing administrative oversight, financial accountability, and compliance requirements for the management and expenditure of Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) awarded under the American Rescue Plan Act (ARPA).

The policy establishes procedures for risk assessment, financial management, expenditure authorization, documentation, monitoring, and reporting to ensure the appropriate use of federal funding. Consistent with the U.S. Government Accountability Office's Standards for Internal Control in the Federal Government, the policy defines management and oversight responsibilities, strengthens safeguards against fraud, waste, and misuse of funds, and supports compliance with applicable federal regulations and U.S. Department of the Treasury requirements.