Recovery - 2 Cost Incurred Performance Audits

TAS 49-09/13-0301

GSA Schedule #GS-23F-9807H

The purpose of this Task Order is to engage a Contractor(s) to provide audit services to conduct cost incurred performance audits for up to eleven separate NSF award recipients. The contractor shall prepare a quote that includes up to eleven distinct audits and will result in distinct audit reports which will be tailored to each audit awardee in SOW:

Audit #6 - University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is located in Champaign, IL. The Institution currently has 787 active NSF awards totaling $578,566,023. This includes 71 ARRA awards totaling $32,645,169 and cumulative expenditures of $357,688,354 as of June 30, 2012. The Office of Management and Budget Circular A-133 FY 2011 audit report identified several findings which were repeated for the third consecutive year. These findings relate to documentation of payroll and fringe benefit expenditures, documentation of cost transfers, certification that vendors were not on EPLS, proper calculation of interest on federal funds drawn in advance, documentation of sub recipient monitoring, following property management regulations, and formal review and approval of cash draw and reimbursement request calculation. In addition, several findings were repeated for a second year, including issues related to timely closing of federal projects, accurate reporting of expenditures related to ARRA awards in the Section 1512 reports, reporting of expenditures in the proper accounting period, documentation to support charges related to "key personnel," and timely submission of quarterly financial reports. Finally, the auditors found that the University did not have processes in place to ensure expenditures used to meet cost sharing requirements are allowable or to ensure that grant award amounts are accurately recorded in the accounting system; did not document supervisory reviews of quarterly financial reports; did not properly charge fringe benefit rates to NSF awards; and did not accurately report information on the quarterly financial reports.

Audit #10 - The University of Wisconsin - Madison

The University of Wisconsin - Madison is located in Madison, Wisconsin. The Institution currently has 710 active NSF awards totaling $670,713,779. This includes 64 ARRA awards totaling $34,316,945 and cumulative expenditures of 539,978,004 as of June 30, 2012. The FY 2011 Office of Management and Budget Circular A-133 audit identified two findings which were reported for the third consecutive year, including that the University continues to have material errors on its grant schedules, and continues to have issues related to equipment records and inventory of equipment purchased with federal funds.

Each audit shall be a Cost Incurred Performance Audit that shall be conducted in accordance with the standards applicable to performance audits contained in Generally Accepted Government Auditing Standards (GAGAS), 2011 revision, or the most current version, issued by the Comptroller General of the United States, specifically Chapters 1 through 3, and Chapters 6 and 7.