Management is responsible for maintaining adequate records for vendor transactions charged to federal
awards that accurately reflect expenses. These records must include an invoice with a signature from a
knowledgeable and authorized individual approving the expense.
During control and compliance te...
Management is responsible for maintaining adequate records for vendor transactions charged to federal
awards that accurately reflect expenses. These records must include an invoice with a signature from a
knowledgeable and authorized individual approving the expense.
During control and compliance testing, it was noted that approvals for vendor expenses charged to the
federal award were not retained.
Of the 60 occurrences tested, 55 were missing any type of approval support.
Statement of Concurrence or Nonconcurrence:
The school agrees with the finding
Corrective Action Plan
In May of 2023, the school implemented a dual approval for expenses. Expense requests are submitted in
writing and signed by the Head of School. These requests are saved. There is an additional approval that
happens in the payment system, BILL. Project Completion Date
May of 2023. This plan is completed and checked by the Head of School, Office Manager, and Financial
Consultant on a regular basis.
If the (Office of Policy and Management and/or NHED) has questions regarding this plan, please call Sarah
Arnold at 603-374-7896.