Finding 1061184 (2023-001)

Finding 2023-001 Repeat Finding: No Program Name: Community Development Financial Institutions Grants Federal Agency: U.S. Department of the Treasury Questioned Costs: N/A Type of finding: Significant deficiency in internal controls Compliance Requirement: Reporting Condition: Northwest Side Community Development Corporation did not accurately report certain information on its Transaction Level Report (TLR) for the year ended December 31, 2022 and Uses of Award reports for the year ended December 31, 2023. Criteria: Northwest Side Community Development Corporation is required to file are required to file various reports as part of the grant requirements. Cause: Certain information was not properly gathered and reported on the the TLR and Uses of Awards reports. Effect: The reports needed to be amended in order to properly report certain items on the TLR and Uses of Awards reports. Recommendation: We recommend that precedures are put in place so information reported on the various reports is reviewed and support is retained prior to submission of the reports. View of Responsible Officials: Management has committed to a corrective action plan to ensure information reported is accurate.