Corrective Action: Management will implement the following: • A federal award register will be maintained and updated upon receipt of each award, recording the funding agency, pass-through entity and identifying numbers, Assistance Listing Number, award period, and award amount. • The chart of accou...
Corrective Action: Management will implement the following: • A federal award register will be maintained and updated upon receipt of each award, recording the funding agency, pass-through entity and identifying numbers, Assistance Listing Number, award period, and award amount. • The chart of accounts will be restructured so that federal award revenue is recorded in dedicated accounts, one per Assistance Listing Number, with class tracking by award. This allows total federal expenditures and the SEFA to be produced directly from the general ledger. • Federal expenditures will be reviewed against the Single Audit threshold quarterly; the review will be documented and signed by the Executive Director. • The SEFA will be prepared quarterly, reviewed by management, and completed for the fiscal year in advance of audit fieldwork. • Personnel responsible for federal grant accounting, together with the Organization's outside accountants, will complete training on Uniform Guidance administrative requirements, cost principles, and audit requirements. Responsible Officials: Dr. Leah Skinner, Executive Director, with day-to-day administration by the Finance Manager and the Organization's outside accountants. Anticipated Completion Date: The restructured chart of accounts and award register are scheduled for implementation with the October 2026 accounting close; the first documented quarterly threshold review and SEFA will be prepared for the quarter ending December 31, 2026; training will be completed by December 31, 2026.