DOI OIG V-IN-VIS-0110-2003: Indirect Cost Fund, Government of the Virgin Islands

Collection: Audits & Oversight
Entity: Government of the Virgin Islands (central government)
Date: 2005-06-21
Type: Audit
Identifiers: Act 6254, Act 6571, V-IN-VIS-0110-2003

U.S. Department of the Interior Office of Inspector General Audit Report Indirect Cost Fund, Government of the Virgin Islands Report No. V-IN-VIS-0110-2003 June 2005 This page intentionally left blank i CONTENTS Background................................................................................... 1 Objective and Scope ..................................................................... 2 Prior Audit Coverage.................................................................... 3 Overview....................................................................................... 4 Under-Recovery of Indirect Costs ................................................ 4 Accounting for and Use of Indirect Cost Reimbursements .......... 8 Conclusion .................................................................................... 12 To the Governor of the Virgin Islands.......................................... 15 To the Legislature of the Virgin Islands ....................................... 15 Auditee Response.......................................................................... …

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