FAC Explorer

Corrective Action Plans

Browse how organizations respond to audit findings

Total CAPs
56,575
In database
Filtered Results
53,589
Matching current filters
Showing Page
846 of 2144
25 per page

Filters

Clear
Finding 1173224 (2023-014)
Material Weakness 2023
Jordan Community Residential Center
OH
Subrecipient Monitoring
1. Implementation of Indirect Cost Procedures: The organization will implement the procedures outlined in the approved Accounting Policies and Procedures Manual to ensure that indirect costs are allocated appropriately and consistently between Program Services and Management & General Expenses.
1. Implementation of Indirect Cost Procedures: The organization will implement the procedures outlined in the approved Accounting Policies and Procedures Manual to ensure that indirect costs are allocated appropriately and consistently between Program Services and Management & General Expenses.
View Audit 386703
Finding 1173224 (2023-014)
Material Weakness 2023
Jordan Community Residential Center
OH
Subrecipient Monitoring
2. Alignment with Functional Reporting: These procedures will be designed to support the accurate completion of the Statement of Functional Expenses, in accordance with generally accepted accounting principles (GAAP) and funding agency requirements.
2. Alignment with Functional Reporting: These procedures will be designed to support the accurate completion of the Statement of Functional Expenses, in accordance with generally accepted accounting principles (GAAP) and funding agency requirements.
View Audit 386703
Finding 1173224 (2023-014)
Material Weakness 2023
Jordan Community Residential Center
OH
Subrecipient Monitoring
In addition:
In addition:
View Audit 386703
Finding 1173224 (2023-014)
Material Weakness 2023
Jordan Community Residential Center
OH
Subrecipient Monitoring
Staff will be trained on the updated policies, with specific focus on proper classification and allocation of indirect costs.
Staff will be trained on the updated policies, with specific focus on proper classification and allocation of indirect costs.
View Audit 386703
Finding 1173224 (2023-014)
Material Weakness 2023
Jordan Community Residential Center
OH
Subrecipient Monitoring
Ongoing monitoring will be conducted to ensure that these procedures are applied consistently, and adjustments will be made as needed to improve effectiveness and compliance.
Ongoing monitoring will be conducted to ensure that these procedures are applied consistently, and adjustments will be made as needed to improve effectiveness and compliance.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
Jordan CRC concurs with the recommendation to strengthen internal controls over cash management by establishing a formal, written Cash Management Policy. This will ensure compliance with 2 CFR 200.305(b)(1) and enhance oversight of subrecipient cash drawdowns. The following action steps and best pra...
Jordan CRC concurs with the recommendation to strengthen internal controls over cash management by establishing a formal, written Cash Management Policy. This will ensure compliance with 2 CFR 200.305(b)(1) and enhance oversight of subrecipient cash drawdowns. The following action steps and best practices will be implemented:
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
.
.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
1. Development and Implementation of a Written Cash Management Policy:
1. Development and Implementation of a Written Cash Management Policy:
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
A comprehensive Cash Management Policy will be developed to define the procedures, responsibilities, and internal controls related to the timing and oversight of cash drawdowns, particularly for pass-through funding to subrecipients. The policy will be formally adopted and incorporated into the Orga...
A comprehensive Cash Management Policy will be developed to define the procedures, responsibilities, and internal controls related to the timing and oversight of cash drawdowns, particularly for pass-through funding to subrecipients. The policy will be formally adopted and incorporated into the Organization’s 2025 Financial Policies and Procedures Manual.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
2. Integration of Best Practices:
2. Integration of Best Practices:
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
Just-In-Time Funding: Federal funds will be disbursed to subrecipients on a reimbursement basis or just-in-time to minimize the time between fund transfer and disbursement.
Just-In-Time Funding: Federal funds will be disbursed to subrecipients on a reimbursement basis or just-in-time to minimize the time between fund transfer and disbursement.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
Cash Advance Justification: Where advances are necessary, subrecipients must submit detailed cash forecasts and justification for the requested advance, which will be reviewed and approved before release.
Cash Advance Justification: Where advances are necessary, subrecipients must submit detailed cash forecasts and justification for the requested advance, which will be reviewed and approved before release.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
Drawdown Monitoring: Monthly reconciliation of subrecipient expenditures against drawdowns will be required to ensure alignment with actual program disbursements.
Drawdown Monitoring: Monthly reconciliation of subrecipient expenditures against drawdowns will be required to ensure alignment with actual program disbursements.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
Reporting Requirements: Subrecipients will be required to submit periodic cash management reports and maintain documentation of timely use of federal funds.
Reporting Requirements: Subrecipients will be required to submit periodic cash management reports and maintain documentation of timely use of federal funds.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
3. Subrecipient Agreements:
3. Subrecipient Agreements:
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
All subrecipient agreements will be updated to include provisions reflecting cash management expectations, timing of disbursements, and documentation standards.
All subrecipient agreements will be updated to include provisions reflecting cash management expectations, timing of disbursements, and documentation standards.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
4. Training and Technical Assistance:
4. Training and Technical Assistance:
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
Training will be provided in 2025 for internal staff and subrecipients on the new policy and procedures. Guidance will cover federal cash management standards, the importance of minimizing idle federal funds, and documentation compliance.
Training will be provided in 2025 for internal staff and subrecipients on the new policy and procedures. Guidance will cover federal cash management standards, the importance of minimizing idle federal funds, and documentation compliance.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
5. Monitoring and Compliance Oversight:
5. Monitoring and Compliance Oversight:
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
The Grants and Finance Departments will jointly review cash activity of subrecipients at least quarterly. Any discrepancies or patterns of delayed disbursement will trigger follow-up and corrective actions.
The Grants and Finance Departments will jointly review cash activity of subrecipients at least quarterly. Any discrepancies or patterns of delayed disbursement will trigger follow-up and corrective actions.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
6. Executive Oversight and Accountability:
6. Executive Oversight and Accountability:
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
The CFO and Compliance Officer will oversee policy implementation and ensure regular reporting to senior leadership and the Board’s Finance and Audit Committees.
The CFO and Compliance Officer will oversee policy implementation and ensure regular reporting to senior leadership and the Board’s Finance and Audit Committees.
View Audit 386703
Finding 1173223 (2023-013)
Material Weakness 2023
Jordan Community Residential Center
OH
Cash Management
By formalizing and enforcing a written Cash Management Policy and integrating industry best practices, the Organization will strengthen its stewardship of federal funds, reduce risk exposure, and ensure continued compliance with federal regulations.
By formalizing and enforcing a written Cash Management Policy and integrating industry best practices, the Organization will strengthen its stewardship of federal funds, reduce risk exposure, and ensure continued compliance with federal regulations.
View Audit 386703
Finding 1173222 (2023-012)
Material Weakness 2023
Jordan Community Residential Center
OH
Internal Control / Segregation of Duties
Jordan CRC appreciates the audit findings and is committed to strengthening its internal controls over cash disbursements. In response, the following corrective actions will be implemented:
Jordan CRC appreciates the audit findings and is committed to strengthening its internal controls over cash disbursements. In response, the following corrective actions will be implemented:
View Audit 386703
Finding 1173222 (2023-012)
Material Weakness 2023
Jordan Community Residential Center
OH
Internal Control / Segregation of Duties
.
.
View Audit 386703
« 1 844 845 847 848 2144 »