Finding Text
2021-002: Matching, Level of Effort, Earmarking:
Federal Program: Assistance Listing Nos.: 14.267 Continuum of Care Program
Condition: The organization was unable to demonstrate controls over the matching requirement.
Criteria: The recipient or subrecipient must match all grant funds, except for leasing funds, with no less than 25 percent of cash or in-kind contributions from other sources. For CoC geographic areas in which there is more than one grant agreement, the 25 percent match must be provided on a grant-by-grant basis. Recipients that are a UFA or are the sole recipient for their Continuum may provide match on a Continuum-wide basis (24 CFR section 578.73(a)).
Questioned Costs: There are no questioned costs.
Effect: It is more likely that the Organizational will not meet the percent matching requirements since there is no formal set of controls over the requirement.
Cause: The Organization did not have good controls on ensuring the matching requirement was meet.
Recommendation: In order to prevent future occurrences of this deficiency, we recommend that management develop a set of controls to ensure that they are meeting 25% match.
Perspective: This is a systemic issue in that controls over the requirement have not been developed to ensure no issues arise.
Repeat: This is not a repeat finding.
Responsible Official’s View: The Organization agrees with the finding. See attached corrective action plan.