As part of the December 31, 2022 audit process and due to new funding received by Preventionfocus, it was discovered that management did not accurately track the expenditure of federal awards during the fiscal year. This resulted in management not being aware that it had expended federal awards of ...
As part of the December 31, 2022 audit process and due to new funding received by Preventionfocus, it was discovered that management did not accurately track the expenditure of federal awards during the fiscal year. This resulted in management not being aware that it had expended federal awards of greater than $750,000, which would require a single audit, and the Agency was unable to timely submit a Data Collection Form to the Federal Audit Clearinghouse.
Recommendation:
The auditors recommended that the Executive Director and Director of Administration develop policies and procedures to prepare and reconcile total federal expenditures to their general ledger annually to enable timely submission of the Data Collection Form to the Federal Audit Clearinghouse.
Action Taken:
Management agrees with this recommendation. The Executive Director and Director of Administration are in the process of developing policies and procedures that will help to ensure timely and accurate tracking of federal expenditures on an annual basis. Victoria Simmons, Director of Administration, will assume responsibility for implementation by September 30, 2024.