The Federal Emergency Management Agency (FEMA) continues to phase out its use of alternative contracting methods to administer the National Flood Insurance Program (NFIP).
Open Recommendations
Recommendation Number | Significant Recommendation | Recommended Questioned Costs | Recommended Funds for Better Use | Additional Details | |
---|---|---|---|---|---|
2 | No | $0 | $0 | ||
Review all existing guidance to ensure that the use of Letters of Credit is not allowed for goods or services that should be procuredwith a Federal Acquisition Regulation contract. | |||||
4 | No | $0 | $0 | ||
Strengthen oversight of the National Flood Insurance Program cash management process to ensure Write Your Own insuranceproviders’ and NFIP Direct and Bureau and Statistical Agent contractors’ accounts receivable and accounts payable aging reports and bankreconciliations are reviewed. |