M E M O R A N D U M

To:Legislative Leadership, Judicial Branch Administrators, Elected Officials, Secretariats, and Department Heads, and Chief Fiscal Officers
From:Martin J. Benison, Comptroller 
Date:October 6, 2011
Re:Competitive Grant/ISA Program for Audit ServicesComptroller Memo
FY#2012-09

Executive Summary

This memo announces a Competitive Grant/ISA Program for Audit Services.


Pursuant to Chapter 68 of the Acts of 2011, the Office of the Comptroller (CTR) is charged with managing a reserve to fund a competitive ISA grant program.  A total of $1.25 million is available.  CTR is seeking Responses from state departments seeking to fund auditors on a one-time, non-recurring basis for the purpose of funding auditors at departments that demonstrate:

(a) a reduction in audit functions due to budget reductions;

(b) a decrease in fraud and waste recoveries in the past 3 fiscal years; and

(c) a plan for expenditure of audit funds and an estimate of recoveries greater than the award received.

Funds shall be awarded to state entities that are most likely to generate savings or revenue from enhanced auditing or program integrity greater than the award received.  It is anticipated that there will be between 4 and 6 grant awards for the Program.  The Comptroller may choose to award fewer or greater awards depending upon the requests made and the demonstration of the likelihood of success generating savings or revenue.  Notice of this Competitive Grant Award is being sent to Department Chief Fiscal Officers and Department Heads and the documents are posted on the Quality Assurance Business Functions page.  Questions can be directed to Peter Scavotto at (617) 973-2450.

Enc:        

               

 

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