Where do I send the completed Overhead Audit Reports and Settle-Up Schedules related to Direct Cost Audits?
All Overhead and Direct Cost Audits, and all Prime Consultant Settle-Up Schedules, should be forwarded directly to the NJDOT Bureau of Auditing only, 1035 Parkway Avenue, PO Box 600, Trenton, NJ 08625 within nine months of the completed fiscal year. The direct cost portion of the audit should include a summary schedule of all contracts with incurred costs in the audit period, both as prime consultant and as sub consultant. Separate schedules (Settle-Up documents) should be submitted for each contract, reflecting any direct cost adjustments identified by the CPA firm, or based on the firm-prepared Overhead rates approved by the NJDOT Bureau of Auditing, as well as adjustments to Overhead costs, by CAM, to reflect the audited/approved Overhead rates. The Settle-Up Schedule for each sub-consultant should be directly submitted to the appropriate prime consultant for review and inclusion in their submission. An invoice for any monies due to the firm, within the contract ceiling, should be f
All Overhead and Direct Cost Audits (with accompanying Settle-Up Schedules), including all contracts where the firm performed both as a Prime consultant and as a Sub-consultant, should be forwarded directly to the NJDOT Bureau of Auditing only, 1035 Parkway Avenue, PO Box 600, Trenton, NJ 08625 within nine (9) months of the completed fiscal year. The direct cost portion of the audit should include a summary schedule of all contracts with incurred costs in the audit period, and a separate Settle-Up Schedule for each contract. These individual contract schedules should reflect any direct cost adjustments as well as adjustments to overhead based on the audited or approved (for exempt firms) overhead rates. All adjustments must be identified either to the basic agreement or to the appropriate CAM or Task Order. The Bureau of Auditing will review each submission and will formally notify the firm of its acceptance or of any needed revisions (all revisions must be provided within 30 business
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- Where do I send the completed Overhead Audit Reports and Settle-Up Schedules related to Direct Cost Audits?
