Meeting the Highest Standards in All Operational Areas

To ensure NFSTC meets the highest financial, ethical and legal standards, NFSTC established a compliance program shortly after receiving its first cooperative agreement award in FY2000. NFSTC’s compliance department works proactively to ensure the organization adheres to all regulations and administrative requirements including the timely submission of  financial and programmatic reports. NFSTC retains legal counsel and employs a certified contract manager and paralegal to support and facilitate contract and routine business law activities.

The accounting and finance department is led by a Certified Public Accountant (CPA) who provides expertise and guidance. Recipients of federal funds are required to use taxpayer funds responsibly by conducting organizational operations in ways that best utilize available resources. Although the NFSTC is a nonprofit corporation, the organization adheres to certain provisions of the Sarbanes–Oxley Act of 2002 to ensure efficient, transparent operations.

The NFSTC undergoes annual audits to comply with the Office of Management and Budget’s (OMB) Circular A-133 requirements. Audit reports are included in the annual certified financial statement to the Board of Directors, Member Organizations, employees and other stakeholders and are posted online at http://www.nfstc.org/about/annual-reports/