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Finding 1176370 (2024-004)
Material Weakness 2024
Central Community Transit
MN
Cash Management Reporting Significant Deficiency § 200.303
2024-004 INTERNAL CONTROLS OVER CASH MANAGEMENT Federal Agency: Department of Transportation Federal Program: Formula Grants for Rural Areas and Tribal Transit Program Assistance Listing Number: 20.509 Federal Award Identification Number and Year: MN-2020-020-01 Pass-Through Agency: Minnesota Depart...
2024-004 INTERNAL CONTROLS OVER CASH MANAGEMENT Federal Agency: Department of Transportation Federal Program: Formula Grants for Rural Areas and Tribal Transit Program Assistance Listing Number: 20.509 Federal Award Identification Number and Year: MN-2020-020-01 Pass-Through Agency: Minnesota Department of Transportation Pass-Through Number: MN-2020-020-01, MN-2023-045-00 Award Period: Year Ended December 31, 2024 Compliance Requirement: Cash Management Type of Finding: Significant Deficiency in Internal Controls over Compliance Recommendation: It is recommended the Transit Board designate qualified personnel for conducting the quarterly reporting review. The review should be performed and documented. Formal procedures should be documented to ensure consistency and effectiveness of the quality review process. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: The Transit Board will continue to evaluate their internal staff capacity to determine if an internal control policy over cash management and other areas is beneficial. Name of the contact person responsible for corrective action: Cecilia Mutharia, Transit Director Planned completion date for corrective action plan: June 30, 2026
View Audit 390191
Finding 1176351 (2024-003)
Material Weakness 2024
Cambria Heights School District
PA
Reporting Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties
CONDITION: The School District did not make the necessary monthly adjustments to the Cafeteria Fund general ledger to properly reconcile all of the balance sheet, revenue, and expense accounts to the underlying supporting documentation on hand at the School District. Accordingly, the financial posit...
CONDITION: The School District did not make the necessary monthly adjustments to the Cafeteria Fund general ledger to properly reconcile all of the balance sheet, revenue, and expense accounts to the underlying supporting documentation on hand at the School District. Accordingly, the financial position and results of operations for the Cafeteria Fund were stated incorrectly during the 2023-2024 fiscal year. CRITERIA: Prudent internal control over accounting for federal program funds requires non-federal organizations such as the School District to maintain financial records which account for federal funds in such a manner as to be able to properly track the receipt and use of federal funds as stated in Section 2 CFR Part 200 of the Uniform Guidance. RECOMMENDATION: I am recommending that the management of the School District establish written procedures for all accounting functions, but most notably for the function of making the necessary adjustments to the School District’s Cafeteria Fund general ledger in order to properly present the financial position and results of operations of this Fund over the course of the fiscal year. Consideration should be given to either performing this process in-house based on available manpower or contracted to a third-party accounting Firm quarterly or annually independent of the audit process. Management needs to ensure the performance of these procedures monthly in order to ensure its compliance with Section 2 CFR Part 200 of the Uniform Guidance. MANAGEMENT’S CORRECTIVE ACTION PLAN: District management is reviewing its current system of processing the transactions for the Cafeteria Fund to ensure that all necessary adjustments are made on a monthly basis to the balance sheet, revenue, and expense accounts in order for them to properly reflect the financial position and results of operations of this Fund during the course of the fiscal year. The timeframe for completion of this review will occur during the last four months of the 2025-2026 fiscal year to enable the School District to comply with the recordkeeping requirements for federal funds as specified in 2 CFR Part 200 of the Uniform Guidance.
View Audit 390175
Finding 1176341 (2024-003)
Material Weakness 2024
Greater Chatham Initiative
IL
Reporting Cash Management
Corrective Action Plan: The City of Chicago impedes the submission of expenditure reports by delaying the finalization of budgets or by not allowing GCI to submit expenditures when a budget change is submitted during the period when the change is approved. GCI will submit required expenditures upon ...
Corrective Action Plan: The City of Chicago impedes the submission of expenditure reports by delaying the finalization of budgets or by not allowing GCI to submit expenditures when a budget change is submitted during the period when the change is approved. GCI will submit required expenditures upon execution of City contracts and will update them on time. Estimated Correction Date: GCI does not currently have any City contracts. When GCI enters into new City contracts, GCI will submit expenditures in a timely manner if the proper City documentation is available to complete the tasks. GCI has a new full-time Operations Manager, who will submit expenditures. Having a full-time manager familiar with all the expenditures and processing should make this task easier and timelier. Responsible Official: Nedra Sims Fears, Executive Director
View Audit 390148
Finding 1176339 (2024-001)
Material Weakness 2024
Greater Chatham Initiative
IL
Reporting
GCI, with the completion of this 2024 audit, is now in compliance with the State of Illinois reporting requirements. GCI plans to complete its 2025 audit within the required timeframe to remain in compliance with the State of Illinois guidelines. Estimated Correction Date: The 2024 audit will be com...
GCI, with the completion of this 2024 audit, is now in compliance with the State of Illinois reporting requirements. GCI plans to complete its 2025 audit within the required timeframe to remain in compliance with the State of Illinois guidelines. Estimated Correction Date: The 2024 audit will be completed by February 30, 2026, or earlier. GCI will have an auditor complete its 2025 audit on or before August 2026 and submit it to the State of Illinois to ensure compliance for the 2026 fiscal year. Responsible Official:Nedra Sims Fears, Executive Director
View Audit 390148
Finding 1176212 (2024-001)
Material Weakness 2024
Rian Immigrant Center, Inc.
MA
Reporting Material Weakness
The Center will implement a documented contract-tracking process to monitor the full lifecycle of agreements and apply GAAP-compliant revenue recognition criteria consistently. Internal controls will be strengthened with oversight from the CFO, who will conduct regular reviews and provide training t...
The Center will implement a documented contract-tracking process to monitor the full lifecycle of agreements and apply GAAP-compliant revenue recognition criteria consistently. Internal controls will be strengthened with oversight from the CFO, who will conduct regular reviews and provide training to relevant staff on GAAP principles and revenue recognition policies. A formal review schedule will be established to ensure continuous monitoring of control effectiveness.
View Audit 390081
Finding 1176211 (2024-001)
Material Weakness 2024
Hancock County Board of Education
GA
Allowable Costs / Cost Principles Reporting Subrecipient Monitoring § 200.302 § 200.303 § 200.403 § 200.415 § 200.430
FA 2024-001 Improve Controls over Expenditures Compliance Requirement: Internal Control Impact: Compliance Impact: Federal Awarding Agency: Pass-Through Entity: Assistance Listing Number and Title: Federal Award Number: Questioned Costs: Activities Allowed or Unallowed Allowable Costs/Cost Principle...
FA 2024-001 Improve Controls over Expenditures Compliance Requirement: Internal Control Impact: Compliance Impact: Federal Awarding Agency: Pass-Through Entity: Assistance Listing Number and Title: Federal Award Number: Questioned Costs: Activities Allowed or Unallowed Allowable Costs/Cost Principles Reporting Material Weakness Material Noncompliance U.S. Department of Education Georgia Department of Education COVID-19 - 84.425D - Elementary and Secondary School Emergency Relief Fund COVID-19 - 84.425U - American Rescue Plan Elementary and Secondary School Emergency Relief Fund S425D210012 (Year: 2021), S425U210012 (Year: 2021) $819,799.49 Description: The policies and procedures of the School District were insufficient to provide adequate internal controls over expenditures as it relates to the Elementary and Secondary School Emergency Relief Fund program. Corrective Action Plans: The Hancock County School District has updated the policies and procedures to ensure that these coding errors do not occur in the future. The updates included but are not limited to: The District has corrected the coding in the general ledger for FY 26 and has implemented additional coding cross-checks to ensure alignment with the approved Con App. The function/object coding has been corrected in the FY 26 budget crosswalk, and coding protocols have been reinforced. Personnel coding has been corrected, and a verification procedure is now in place at the point of hiring and funding assignment. The Federal Program department will meet with the Finance Department to review funding codes prior to submission. Estimated Completion Date: June 30, 2026 Contact Person: Matthias Jones, Finance Director Telephone: 706-444-5775 ext. 125 Email: mjones@hancock.k12.ga.us
View Audit 390080
Finding 1175923 (2024-002)
Material Weakness 2024
State Education Resource Center
CT
Reporting Significant Deficiency
To mitigate further delays in completing our 2025 audit, SERC has discussed amending the agreement with its current auditing firm to conduct the 2025 audit. SERC has also contracted with an external consultant to facilitate the fiscal department's operations while we find a permanent fiscal departme...
To mitigate further delays in completing our 2025 audit, SERC has discussed amending the agreement with its current auditing firm to conduct the 2025 audit. SERC has also contracted with an external consultant to facilitate the fiscal department's operations while we find a permanent fiscal department head.
View Audit 389883
Finding 1175909 (2024-001)
Material Weakness 2024
State Education Resource Center
CT
Internal Control / Segregation of Duties Material Weakness Reporting
To mitigate further delays in completing our 2025 audit, SERC has discussed amending the agreement with its current auditing firm to conduct the 2025 audit. SERC has also contracted with an external consultant to facilitate the fiscal department's operations while we find a permanent fiscal departme...
To mitigate further delays in completing our 2025 audit, SERC has discussed amending the agreement with its current auditing firm to conduct the 2025 audit. SERC has also contracted with an external consultant to facilitate the fiscal department's operations while we find a permanent fiscal department head.
View Audit 389883
Finding 1175893 (2024-002)
Material Weakness 2024
Folsom Cordova Community Partnership
CA
Reporting Significant Deficiency
Response: The organization agrees with the finding. Now that the organization has filled the accounting director position and the delinquent audits have been completed, annual audits are expected to be completed in a timely manner.
Response: The organization agrees with the finding. Now that the organization has filled the accounting director position and the delinquent audits have been completed, annual audits are expected to be completed in a timely manner.
View Audit 389865
Finding 1175892 (2024-001)
Material Weakness 2024
Folsom Cordova Community Partnership
CA
Reporting
Response: The organization agrees with the finding. The organization has created and maintains a comprehensive log of all grants received. Log data includes grant number, grant source and Assistance Listing Number, the grant period, total grant amount, the grant advance amount received, the usage of...
Response: The organization agrees with the finding. The organization has created and maintains a comprehensive log of all grants received. Log data includes grant number, grant source and Assistance Listing Number, the grant period, total grant amount, the grant advance amount received, the usage of the funds, and the remaining balance. Completed January 2024.
View Audit 389865
Finding 1175861 (2024-002)
Material Weakness 2024
Tnkids Nutrition
TN
Reporting
The Organization agrees with the auditor’s finding and will take actions to ensure that future documentation and reporting meets the standards required.
The Organization agrees with the auditor’s finding and will take actions to ensure that future documentation and reporting meets the standards required.
View Audit 389832
Finding 1175740 (2024-001)
Material Weakness 2024
Foothill House of Hospitality
CA
Reporting
Action: HH has provided the necessary accounting personnel and contracts with an experienced accounting firm to ensure that the accounting functions are completed within nine months of the year end. The original delay is currently being worked through and HH personnel and an outside accounting firm ...
Action: HH has provided the necessary accounting personnel and contracts with an experienced accounting firm to ensure that the accounting functions are completed within nine months of the year end. The original delay is currently being worked through and HH personnel and an outside accounting firm are currently working to catch up on past due financial audits. FY2024-2025 is expected to be completed in FY2025-2026.
View Audit 389657
Finding 1175687 (2024-001)
Material Weakness 2024
Russell Innovation Center for Entrepreneurs, Inc
GA
Material Weakness Reporting Significant Deficiency
Description of Finding: The organization did not complete and submit its Single Audit within the required timeframe due to staff turnover in key financial management positions, resulting in delays in audit coordination and reporting and the timing of commencing the audit. Statement of Concurrence: T...
Description of Finding: The organization did not complete and submit its Single Audit within the required timeframe due to staff turnover in key financial management positions, resulting in delays in audit coordination and reporting and the timing of commencing the audit. Statement of Concurrence: The organization concurs with this finding. Corrective Action: The organization has resolved the underlying cause of this finding by onboarding a Vice President of Finance, who is a Certified Public Accountant (CPA). The VP of Finance is responsible for oversight of financial reporting, compliance with Uniform Guidance (2 CFR Part 200), and coordination of the Single Audit process. Corrective actions implemented include: • Assignment of clear responsibility and accountability for Single Audit compliance to the VP of Finance. • Development of a formal audit timeline and internal milestones to ensure timely audit initiation, completion, and submission. • Strengthening of internal controls over financial reporting and audit documentation. • Ongoing communication and coordination with external auditors to ensure compliance with federal audit requirements. These actions ensure that future Single Audits will be completed and submitted timely in accordance with Uniform Guidance.
View Audit 389544
Finding 1175680 (2024-005)
Material Weakness 2024
City of Tishomingo, Oklahoma
OK
Reporting
The City will perform a thorough review of its schedule of expenditures of federal awards to ensure compliance with federal funding agencies.
The City will perform a thorough review of its schedule of expenditures of federal awards to ensure compliance with federal funding agencies.
View Audit 389511
Finding 1175676 (2024-004)
Material Weakness 2024
City of Tishomingo, Oklahoma
OK
Procurement, Suspension & Debarment Reporting § 200.512
Management will ensure timely reporting for audit procedures in accordance with the Uniform Guidance 2 CFR.
Management will ensure timely reporting for audit procedures in accordance with the Uniform Guidance 2 CFR.
View Audit 389511
Finding 1175590 (2024-002)
Material Weakness 2024
Municipality of Lajas
PR
Reporting
The Municipality has taken all necessary administrative measures to ensure compliance with the requirement to complete and submit the Single Audit Act. The Municipality has established a formal audit compliance calendar with interim milestones covering audit procurement/engagement, planning, fieldwo...
The Municipality has taken all necessary administrative measures to ensure compliance with the requirement to complete and submit the Single Audit Act. The Municipality has established a formal audit compliance calendar with interim milestones covering audit procurement/engagement, planning, fieldwork, issuance of draft reports, management review, and submission to the Federal Audit Clearinghouse. The Municipality has accelerated the procurement process to contract auditors earlier in the fiscal year and will include clear deliverables, target dates, and communication expectations in the audit engagement agreement. The Finance Department has prepared and maintains a standardized prepared-by-client (PBC) package to ensure that all required schedules and supporting documentation (including financial statement support, trial balances, and federal awards documentation such as the SEFA) are provided to auditors in a timely manner. Periodic status meetings have been held with responsible personnel and external auditors to monitor progress, promptly identify delays, and implement corrective measures to ensure the reporting package is submitted to the Federal Audit Clearinghouse before the 9-month deadline.
View Audit 389420
Finding 1175567 (2024-002)
Material Weakness 2024
City of Sapulpa
OK
Reporting Internal Control / Segregation of Duties § 200.512
Management corrective action: Management recognizes the need to submit its single audit reports to the State Auditor and FAC in accordance with the required deadlines in order to remain compliant with requirements. Management has made Professional Services changes to ensure timely audit compliance m...
Management corrective action: Management recognizes the need to submit its single audit reports to the State Auditor and FAC in accordance with the required deadlines in order to remain compliant with requirements. Management has made Professional Services changes to ensure timely audit compliance moving forward.Expected completion date: 3/31/2027 Party Responsible: Joe Don Dunham, Director of Finance/,City Treasurer Contact Information: (918) 224-3040 jdd@sapulpaok.gov
View Audit 389357
Finding 1175558 (2024-001)
Material Weakness 2024
Assabet Valley Regional Technical High School
MA
Reporting Internal Control / Segregation of Duties
Finding 2024-001 – Career and Technical Education - Perkins CFDA No. 84.048 Department of Education Massachusetts Department of Elementary and Secondary Education Other Matters Related to Internal Control over Compliance of the Major Program Criteria: Massachusetts Department of Education and Second...
Finding 2024-001 – Career and Technical Education - Perkins CFDA No. 84.048 Department of Education Massachusetts Department of Elementary and Secondary Education Other Matters Related to Internal Control over Compliance of the Major Program Criteria: Massachusetts Department of Education and Secondary Education Requires: • Final expenditure reports are required to be filed within 60 days of the grant period ending date. Condition: During our test of controls over compliance it was noted that the Student Organization grant, 21st Century grant, & Equitable Access grant final expense reports were not filed within 60 days of the grant period ending as required by Massachusetts Department of Education and Secondary Education. Questioned Costs: None Context: During our test of the Final Expenditure Reports it was noted that the Student Organization, 21st Century grant, & Equitable Access Grant final expense reports were not filed within 60 days of the grant period ending as required by Massachusetts Department of Education and Secondary Education. Effect: Assabet Valley Regional Technical High School was not in compliance with the Final Expenditure Reporting requirement date as set forth by the Massachusetts Department of Education and Secondary Education. Cause: In June 2023 Assabet’s staff member handling grants retired. They only came in once a week to help with grants until new staff could be hired. In October of 2023 our current grant manager was hired and had very limited training on grants before the retiree quit fully in January 2024. Due to this, training in Edgrants was extremely limited and the FY23 grants mentioned where not handled correctly. Identification as a Repeat Finding: This is not a repeat finding. Recommendation: We recommend the Assabet Valley Regional Technical High School follow procedures to ensure that the Final Expenditure Reports are filed within the 60 days of the grant period ending date as required by the Massachusetts Department of Education and Secondary Education. Responsible for Corrective Plan: Sabrina Howley Estimated Completion Date: 11/5/25, Ongoing Action Taken: In June 2023 Assabet’s staff member handling grants retired. They only came in once a week to help with grants until new staff could be hired. In October of 2023 our current grant manager was hired and had very limited training on grants before the retiree quit fully in January 2024. Due to this, training in Edgrants was extremely limited and the FY23 grants mentioned where not handled correctly. All grants since FY24/25 in Gem$ have been managed correctly with processing the FER (no longer FR-1) within the 60 days of the grant period. This will be an ongoing every year for all Federal and State Grants.
View Audit 389346
Finding 1175553 (2024-008)
Material Weakness 2024
Assabet Valley Regional Technical High School
MA
Material Weakness Reporting Internal Control / Segregation of Duties
Finding 2024-008 – Education Stabilization Fund – ESSER III AL No. 84.425U Department of Education Massachusetts Department of Elementary and Secondary Education Noncompliance and Material Weakness Related to Internal Control over Compliance of the Major Program Condition: Upon review of the Assabet...
Finding 2024-008 – Education Stabilization Fund – ESSER III AL No. 84.425U Department of Education Massachusetts Department of Elementary and Secondary Education Noncompliance and Material Weakness Related to Internal Control over Compliance of the Major Program Condition: Upon review of the Assabet Valley Regional Technical High School’s final expense report filed with the Massachusetts Department of Elementary and Secondary Education it was noted that the report did not agree with the School’s accounting ledgers and final amended budget. Criteria: Massachusetts Department of Education and Secondary Education Requires: • Final expenditure reports are required to be filed within 60 days of the grant period ending date and accounting ledgers. Context: The Final expense report for the ESSER III grant does not agree with the general ledger actual expenses and the final amended budget for ESSER III. Effect: Assabet Valley Regional Technical High School was not in compliance with the Final Expenditure Reporting requirement as set forth by the Massachusetts Department of Education and Secondary Education. Questioned Costs: N/A Cause: In June 2023 Assabet’s staff member handling grants retired. They only came in once a week to help with grants until new staff could be hired. In October of 2023 our current grant manager was hired and had very limited training on grants before the retiree quit fully in January 2024. Due to this, training in Edgrants was extremely limited and the FY23 grants mentioned where not handled correctly. Identification as a Repeat Finding: This is not a repeat finding. Recommendation: We recommend the Assabet Valley Regional Technical High School follow procedures to ensure that the Final Expenditure Reports are in agreement with the School’s general ledger total expenses. Responsible for Corrective Plan: Sabrina Howley Estimated Completion Date: 11/5/25, ongoing Action Taken: In June 2023 Assabet’s staff member handling grants retired. They only came in once a week to help with grants until new staff could be hired. In October of 2023 our current grant manager was hired and had very limited training on grants before the retiree quit fully in January 2024. Due to this, training in Edgrants was extremely limited and the FY23 grants mentioned where not handled correctly. Esser III had been amended multiple times, by the time the FR-1 was completed the grant manager quickly went through not realizing it had to match funds and wasn’t automatically changed. Since that time Esser III has been amended and the FR-1 has been competed fully.
View Audit 389346
Finding 1175549 (2024-006)
Material Weakness 2024
Assabet Valley Regional Technical High School
MA
Material Weakness Reporting Internal Control / Segregation of Duties
Finding 2024-006 – Special Education Cluster – AL No. 84.027 Department of Education Massachusetts Department of Elementary and Secondary Education Noncompliance and Material Weakness Related to Internal Control over Compliance of the Major Program Condition: Upon review of the Assabet Valley Region...
Finding 2024-006 – Special Education Cluster – AL No. 84.027 Department of Education Massachusetts Department of Elementary and Secondary Education Noncompliance and Material Weakness Related to Internal Control over Compliance of the Major Program Condition: Upon review of the Assabet Valley Regional Technical High School’s final expense report filed with the Massachusetts Department of Elementary and Secondary Education it was noted that the reports did not agree with the School’s general ledgers. Criteria: Massachusetts Department of Education and Secondary Education Requires: • Final expenditure reports are required to be filed within 60 days of the grant period ending date and agree with general ledgers. Context: The Final expense report for the FY 2023 Special Education PL94-142 reported that the grant was fully spent, however the grant was not fully spent per the School’s general ledger. Effect: Assabet Valley Regional Technical High School was not in compliance with the Final Expenditure Reporting requirement as set forth by the Massachusetts Department of Education and Secondary Education as it did not agree to the Schools accounting ledgers. Questioned Costs: N/A Cause: In June 2023 Assabet’s staff member handling grants retired. They only came in once a week to help with grants until new staff could be hired. In October of 2023 our current grant manager was hired and had very limited training on grants before the retiree quit fully in January 2024. Due to this, training in Edgrants was extremely limited and the FY23 grants mentioned where not handled correctly. Identification as a Repeat Finding: This is not a repeat finding. Recommendation: We recommend the Assabet Valley Regional Technical High School follow procedures to ensure that the Final Expenditure Reports are in agreement with the School’s general ledger. Responsible for Corrective Plan: Sabrina Howley Estimated Completion Date: 11/5/25, Ongoing Action Taken: In June 2023 Assabet’s staff member handling grants retired. They only came in once a week to help with grants until new staff could be hired. In October of 2023 our current grant manager was hired and had very limited training on grants before the retiree quit fully in January 2024. Due to this, training in Edgrants was extremely limited and the FY23 grants mentioned where not handled correctly. All grants since FY24/25 in Gem$ have been managed correctly with processing the FER (no longer FR-1) within the 60 days of the grant period. This will be an ongoing every year for all Federal and State Grants. FER’s will be completed once the grant is fully spent according to our general ledger.
View Audit 389346
Finding 1175544 (2024-007)
Material Weakness 2024
Saint Anthony Health Ministries and Subsidiaries
IL
Subrecipient Monitoring Material Weakness Reporting § 200.334
The Organization hired a new grant and partnership specialist. This specialist attaches all relevant support for expenditure to the internal monthly grant reporting and ensures that all expenditures are fully supported by appropriate detail. This detail is on a shared drive with finance and is revie...
The Organization hired a new grant and partnership specialist. This specialist attaches all relevant support for expenditure to the internal monthly grant reporting and ensures that all expenditures are fully supported by appropriate detail. This detail is on a shared drive with finance and is reviewed by the vice president of finance.
View Audit 389332
Finding 1175436 (2024-003)
Material Weakness 2024
St. John's Housing Corporation
CT
Reporting
Management acknowledges the finding regarding the reserve account not being funded in accordance with the USDA‑RD approved budget. The variance in funding levels resulted from cash flow constraints during the year. Management will work with USDA-RD to address the issue and determine a reasonable sch...
Management acknowledges the finding regarding the reserve account not being funded in accordance with the USDA‑RD approved budget. The variance in funding levels resulted from cash flow constraints during the year. Management will work with USDA-RD to address the issue and determine a reasonable schedule for payments into the replacement reserve. Management will also assess other costs to determine whether additional savings are available to assist in funding the reserve.
View Audit 389196
Finding 1175435 (2024-002)
Material Weakness 2024
St. John's Housing Corporation
CT
Reporting Internal Control / Segregation of Duties
Management will work with the Board of Directors to establish a formal board meeting calendar with meetings scheduled at least quarterly to ensure sufficient oversight and fiduciary responsibilities are fulfilled.
Management will work with the Board of Directors to establish a formal board meeting calendar with meetings scheduled at least quarterly to ensure sufficient oversight and fiduciary responsibilities are fulfilled.
View Audit 389196
Finding 1175434 (2024-001)
Material Weakness 2024
St. John's Housing Corporation
CT
Reporting
Management acknowledges the finding regarding the late submission of the federal single audits for the years ended December 31, 2024 and 2023. The delays resulted from insufficient staffing to ensure timely close of the accounting records for the years then ended. Management is working to add additi...
Management acknowledges the finding regarding the late submission of the federal single audits for the years ended December 31, 2024 and 2023. The delays resulted from insufficient staffing to ensure timely close of the accounting records for the years then ended. Management is working to add additional staffing and provide additional training to staff to ensure more timely closing of the accounting records. The outstanding audits have now been submitted, and management is committed to ensuring full and timely compliance with federal single audit requirements going forward.
View Audit 389196
Finding 1175430 (2024-002)
Material Weakness 2024
Bethany Housing Corporation
CT
Reporting Internal Control / Segregation of Duties
Management will work with the Board of Directors to establish a formal board meeting calendar with meetings scheduled at least quarterly to ensure sufficient oversight and fiduciary responsibilities are fulfilled.
Management will work with the Board of Directors to establish a formal board meeting calendar with meetings scheduled at least quarterly to ensure sufficient oversight and fiduciary responsibilities are fulfilled.
View Audit 389195
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