Specifications include, but are not limited to: Contractor will be expected to review, at a minimum, contractor policy, procedures, and operations in the following major areas: Written accounting policy and procedures Accounting systems and controls Accounting system transactions Personnel policies and procedures Payroll, time sheets, and salary allocation Payments to participants Travel policies and procedures (including transaction testing) Procurement policy and procedures, system and controls Subcontracts Inventory policy and procedures, system and controls Financial reporting (billings to H-GAC) Cost allocation plans, system and implementation Budgeting Obligations and Encumbrances Cash Management Compliance with contractual, regulatory and funding source requirements Audits