Audit 15830

FY End
2023-06-30
Total Expended
$2.15M
Findings
6
Programs
3
Year: 2023 Accepted: 2024-02-06

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
11907 2023-002 Significant Deficiency - A
11908 2023-003 - - P
11909 2023-004 Significant Deficiency - A
588349 2023-002 Significant Deficiency - A
588350 2023-003 - - P
588351 2023-004 Significant Deficiency - A

Contacts

Name Title Type
G7P6E4A3NDJ9 Jean Shaw Auditee
9198210485 Deetra Watson Auditor
No contacts on file

Notes to SEFA

Title: Notes to Schedule Federal Awards Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Foundation for Health Leadership and Innovation, Inc., under programs of the federal governments for the year ended June 30, 2023. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards ("Uniform Guidance"). Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Because the Schedule presents only a selected portion of the operations of Foundation for Health Leadership and Innovation, Inc., it is not intended and does not present the financial position, changes in net assets, or cash flows of Foundation for Health Leadership and Innovation, Inc. De Minimis Rate Used: N Rate Explanation: Foundation for Health Leadership and Innovation, Inc., has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Foundation for Health Leadership and Innovation, Inc., under programs of the federal governments for the year ended June 30, 2023. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards ("Uniform Guidance"). Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Because the Schedule presents only a selected portion of the operations of Foundation for Health Leadership and Innovation, Inc., it is not intended and does not present the financial position, changes in net assets, or cash flows of Foundation for Health Leadership and Innovation, Inc.

Finding Details

2023-002 Allowable Costs: Segregation of Duties over Financial Reporting Process. Federal Program Information: Activities to Support State, Tribal, Local and Territorial Health Department Response to Public Health or Healthcare Crises (Assistance Listing #93.391) Condition and Criteria: During the course of the audit, we noted lack of segregation of duties as it relates to cash receipts, cash disbursements, and cash reconciliation. There should be segregation of duties over the physical access to assets and the ability to record and track those assets in the accounting system. Prior Year Audit Finding: n/a Cause and Effect: Lack of segregation of duties has resulted due to the limited personnel and several employee transitions during the year. This increases the Organization’s risk of misappropriation of assets and could result in intentional fraud or unintentional errors that could occur and go undetected. Recommendation: We recommend the Organization review all financial internal control policies and procedures to ensure proper segregation of duties and minimize the Organization’s risk to misappropriation of assets. This will help mitigate the risk of misappropriation of assets and fraudulent reporting as it relates to lack of segregation of duties. Management’s Response: Management understands the importance of segregating financial and accounting duties in order to reduce the risk of fraud and error. Accordingly, as of fiscal year 2024, management has hired a new Chief Financial Officer (“CFO”) and Finance Director. The Interim CFO has continued to work with the new CFO to prevent separation of duties issues wherever possible. Additionally, management plans to review the internal control policies and procedures and make changes as considered necessary. Prior year audit finding: n/a Context: This represents a systemic problem. Questioned Costs: None.
2023-003 Preparation of the Schedule of Expenditures of Federal Awards Federal Program Information: Activities to Support State, Tribal, Local and Territorial Health Department Response to Public Health or Healthcare Crises (Assistance Listing #93.391) Condition and Criteria: The Schedule of Expenditures of Federal Awards (SEFA) did not include all federal expenditures. As a result, the Organization's internally prepared SEFA did not agree to the Organization's financial records of federal expenditures. Prior Year Audit Finding: n/a Cause and Effect: The SEFA was prepared by an individual who joined the Foundation after the end of the fiscal year, who did not have sufficient knowledge to include all federal expenditures. Context: This represents a systemic problem. Questioned Costs: None. Recommendation: The SEFA should be prepared and reconciled to the general ledger by an employee knowledgeable of the grant activity for the year. Someone other than the preparer should review the SEFA for accuracy and completeness to identify any errors and maintain proper internal controls over the preparation of the SEFA. Management’s Response: Going forward, management will have someone who is knowledgeable of federal activity during the year prepare the Schedule of Expenditures of Federal Awards and ensure details on the schedule tie out on the financial details maintained in QuickBooks.
2023-004 Allowable Costs: Improve Processes Over Review and Approval of Expenditures. Federal Program Information: Activities to Support State, Tribal, Local and Territorial Health Department Response to Public Health or Healthcare Crises (Assistance Listing #93.391) Condition and Criteria: The Foundation’s internal processes state that the monthly Financial Status Reports (“FSRs”) submitted to the Foundation by subrecipients should be reviewed by an individual familiar with the program to ensure costs are allowable and all supporting documentation has been submitted prior to entry of transaction into QuickBooks, and that all timesheets should be approved prior to allocation of time to programs prior to entry into QuickBooks. However, these processes were not followed consistently throughout the year. Prior Year Audit Finding: N/A Cause and Effect: There were several instances in which the monthly FSRs submitted to the Foundation by subrecipients were not properly reviewed and authorized by the Foundation prior to payment to subrecipients. Additionally, there was one instance noted for which the time sheet was not properly approved prior to entry. If these expenditures are not allowable, this could result in noncompliance with federal allowable costs guidelines, and could result in the loss of federal funding. Context: This represents a systemic problem. Questioned Costs: None. Recommendation: All costs related to expenditures of federal funds should be reviewed and approved by an individual familiar with the program requirements. This will ensure costs are allowable, and the Foundation is not at risk of noncompliance, which could result in the loss of federal funding. Management’s Response: Going forward, management will have someone who is knowledgeable of federal activity review and approve all federal expenditures and allocations, including those relating to subrecipient FSRs. A new CFO was hired during FY24, who will be reviewing all internal controls and processes for needed updates, as well as monitor activities to prevent any unauthorized transactions or potential unallowable costs.
2023-002 Allowable Costs: Segregation of Duties over Financial Reporting Process. Federal Program Information: Activities to Support State, Tribal, Local and Territorial Health Department Response to Public Health or Healthcare Crises (Assistance Listing #93.391) Condition and Criteria: During the course of the audit, we noted lack of segregation of duties as it relates to cash receipts, cash disbursements, and cash reconciliation. There should be segregation of duties over the physical access to assets and the ability to record and track those assets in the accounting system. Prior Year Audit Finding: n/a Cause and Effect: Lack of segregation of duties has resulted due to the limited personnel and several employee transitions during the year. This increases the Organization’s risk of misappropriation of assets and could result in intentional fraud or unintentional errors that could occur and go undetected. Recommendation: We recommend the Organization review all financial internal control policies and procedures to ensure proper segregation of duties and minimize the Organization’s risk to misappropriation of assets. This will help mitigate the risk of misappropriation of assets and fraudulent reporting as it relates to lack of segregation of duties. Management’s Response: Management understands the importance of segregating financial and accounting duties in order to reduce the risk of fraud and error. Accordingly, as of fiscal year 2024, management has hired a new Chief Financial Officer (“CFO”) and Finance Director. The Interim CFO has continued to work with the new CFO to prevent separation of duties issues wherever possible. Additionally, management plans to review the internal control policies and procedures and make changes as considered necessary. Prior year audit finding: n/a Context: This represents a systemic problem. Questioned Costs: None.
2023-003 Preparation of the Schedule of Expenditures of Federal Awards Federal Program Information: Activities to Support State, Tribal, Local and Territorial Health Department Response to Public Health or Healthcare Crises (Assistance Listing #93.391) Condition and Criteria: The Schedule of Expenditures of Federal Awards (SEFA) did not include all federal expenditures. As a result, the Organization's internally prepared SEFA did not agree to the Organization's financial records of federal expenditures. Prior Year Audit Finding: n/a Cause and Effect: The SEFA was prepared by an individual who joined the Foundation after the end of the fiscal year, who did not have sufficient knowledge to include all federal expenditures. Context: This represents a systemic problem. Questioned Costs: None. Recommendation: The SEFA should be prepared and reconciled to the general ledger by an employee knowledgeable of the grant activity for the year. Someone other than the preparer should review the SEFA for accuracy and completeness to identify any errors and maintain proper internal controls over the preparation of the SEFA. Management’s Response: Going forward, management will have someone who is knowledgeable of federal activity during the year prepare the Schedule of Expenditures of Federal Awards and ensure details on the schedule tie out on the financial details maintained in QuickBooks.
2023-004 Allowable Costs: Improve Processes Over Review and Approval of Expenditures. Federal Program Information: Activities to Support State, Tribal, Local and Territorial Health Department Response to Public Health or Healthcare Crises (Assistance Listing #93.391) Condition and Criteria: The Foundation’s internal processes state that the monthly Financial Status Reports (“FSRs”) submitted to the Foundation by subrecipients should be reviewed by an individual familiar with the program to ensure costs are allowable and all supporting documentation has been submitted prior to entry of transaction into QuickBooks, and that all timesheets should be approved prior to allocation of time to programs prior to entry into QuickBooks. However, these processes were not followed consistently throughout the year. Prior Year Audit Finding: N/A Cause and Effect: There were several instances in which the monthly FSRs submitted to the Foundation by subrecipients were not properly reviewed and authorized by the Foundation prior to payment to subrecipients. Additionally, there was one instance noted for which the time sheet was not properly approved prior to entry. If these expenditures are not allowable, this could result in noncompliance with federal allowable costs guidelines, and could result in the loss of federal funding. Context: This represents a systemic problem. Questioned Costs: None. Recommendation: All costs related to expenditures of federal funds should be reviewed and approved by an individual familiar with the program requirements. This will ensure costs are allowable, and the Foundation is not at risk of noncompliance, which could result in the loss of federal funding. Management’s Response: Going forward, management will have someone who is knowledgeable of federal activity review and approve all federal expenditures and allocations, including those relating to subrecipient FSRs. A new CFO was hired during FY24, who will be reviewing all internal controls and processes for needed updates, as well as monitor activities to prevent any unauthorized transactions or potential unallowable costs.