Finding 1062559 (2023-003)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-09-09
Audit: 318757
Organization: Marion County (SC)

AI Summary

  • Core Issue: The County's financial records for the year ended June 30, 2023, were poorly organized, making audits challenging and not aligned with good business practices.
  • Impacted Requirements: Invoices were often missing or hard to find, leading to misclassified expenditures and difficulties in budget monitoring.
  • Recommended Follow-Up: Improve record-keeping processes, ensure timely invoice payments, and enhance monitoring of balance sheet accounts to prevent misstatements.

Finding Text

The financial records and record keeping of the general ledger and accounts payable of the County for the year ended June 30, 2023 were difficult to audit and not what would be considered good business practices. Certain invoices could not be located or took significant effort to locate. Expenditures on the County’s general ledger were also very often mis-classified. The mis-classifications required numerous journal entries by both County staff and the audit staff. This also made it very difficult to monitor the spending in accordance with the approved budget. We also noted that numerous invoices were often not paid timely. Balance sheet accounts that were the responsibility of the Finance Department were not properly monitored and adjusted. This often resulted in understated or overstated expenditure accounts. Therefore, they were significantly misstated during the year.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 486109 2023-001
    Significant Deficiency Repeat
  • 486110 2023-002
    Significant Deficiency Repeat
  • 486111 2023-003
    Material Weakness Repeat
  • 486112 2023-001
    Significant Deficiency Repeat
  • 486113 2023-002
    Significant Deficiency Repeat
  • 486114 2023-003
    Material Weakness Repeat
  • 486115 2023-001
    Significant Deficiency Repeat
  • 486116 2023-002
    Significant Deficiency Repeat
  • 486117 2023-003
    Material Weakness Repeat
  • 486118 2023-001
    Significant Deficiency Repeat
  • 486119 2023-002
    Significant Deficiency Repeat
  • 486120 2023-003
    Material Weakness Repeat
  • 486121 2023-001
    Significant Deficiency Repeat
  • 486122 2023-002
    Significant Deficiency Repeat
  • 486123 2023-003
    Material Weakness Repeat
  • 486124 2023-001
    Significant Deficiency Repeat
  • 486125 2023-002
    Significant Deficiency Repeat
  • 486126 2023-003
    Material Weakness Repeat
  • 486127 2023-001
    Significant Deficiency Repeat
  • 486128 2023-002
    Significant Deficiency Repeat
  • 486129 2023-003
    Material Weakness Repeat
  • 1062551 2023-001
    Significant Deficiency Repeat
  • 1062552 2023-002
    Significant Deficiency Repeat
  • 1062553 2023-003
    Material Weakness Repeat
  • 1062554 2023-001
    Significant Deficiency Repeat
  • 1062555 2023-002
    Significant Deficiency Repeat
  • 1062556 2023-003
    Material Weakness Repeat
  • 1062557 2023-001
    Significant Deficiency Repeat
  • 1062558 2023-002
    Significant Deficiency Repeat
  • 1062560 2023-001
    Significant Deficiency Repeat
  • 1062561 2023-002
    Significant Deficiency Repeat
  • 1062562 2023-003
    Material Weakness Repeat
  • 1062563 2023-001
    Significant Deficiency Repeat
  • 1062564 2023-002
    Significant Deficiency Repeat
  • 1062565 2023-003
    Material Weakness Repeat
  • 1062566 2023-001
    Significant Deficiency Repeat
  • 1062567 2023-002
    Significant Deficiency Repeat
  • 1062568 2023-003
    Material Weakness Repeat
  • 1062569 2023-001
    Significant Deficiency Repeat
  • 1062570 2023-002
    Significant Deficiency Repeat
  • 1062571 2023-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.79M
20.106 Airport Improvement Program $1.66M
93.563 Child Support Enforcement $181,209
97.042 Emergency Management Performance Grants $63,391
16.922 Equitable Sharing Program $7,640
16.543 Missing Children's Assistance $1,178
16.607 Bulletproof Vest Partnership Program $701