Audit of Compliance with Forward Funding Requirements by Missions in the Latin America and the Caribbean

OFFICE OF INSPECTOR GENERAL AUDIT OF COMPLIANCE WITH FORWARD FUNDING REQUIREMENTS BY MISSIONS IN THE LATIN AMERICA AND THE CARIBBEAN BUREAU AUDIT REPORT NO. 1-598-08-006-P JULY 29, 2008 SAN SALVADOR, EL SALVADOR Office of Inspector General July 29, 2008 MEMORANDUM TO: See Distribution FROM: Regional Inspector General/San Salvador, Timothy E. Cox /s/ SUBJECT: Audit of Compliance with Forward Funding Requirements by Missions in the Latin America and the Caribbean Bureau (Report No. 1-598-08-006-P) This memorandum transmits our final report on the subject audit. In finalizing the report, we have carefully considered the comments on the draft report, and we have included the comments in appendix II of the report. The report contains two recommendations intended to help missions comply with forward funding policy. In order to record a management decision for Recommendation No. 1, which will in turn allow the Audit, Performance, and Compliance Division (M/CFO/APC) to record final action when planned actions are completed, we need to reach agreement with each mission that was not in compliance with the forward funding limitations on the amounts, if any, to be deobligated or reprogrammed, along with target dates for competing these actions. The missions in El Salvador, Guatemala, and Honduras have processed waivers to the forward funding restrictions covering $40 ...