Finding Text
During procedures performed for reconciliation of the information presented on the SEFA to the underlying records used to prepare the SEFA such as the general ledger, reimbursement requests and grant agreements, auditor noted the following: 1) The federal expenditures were not properly reflected on the SEFA as the Authority did not properly account for expenditures submitted for reimbursement but not received before December 31, 2023; 2) The Authority lacked the proper segregation of duties as the Authority Manager prepared and reviewed the SEFA