Portland Children's Investment Fund | Expenditure Verification
- During the coming year, our auditor will verify one quarter's expenses as reported to Children's Investment Fund for each grantee.
- Auditor will visit each grantee to verify back up documentation on expenditures. Auditor will choose a random quarter during contract term and verify back up documentation for all Children's Investment Fund grant expenditures reported during that quarter.
- Auditor will contact you to arrange time for visit; all visits will be completed by end of 2006.
- Based on results of visit, auditor will give staff report on issues or concerns with grantee; depending on results, could prompt additional investigation, or end of contract (in cases of fraud/misuse of funds).