FAC Explorer

Finding 1074949 (2023-002)

Material Weakness
Requirement
ABE
Questioned Costs
$1
Year
2023
Accepted
2024-09-26
Audit: 321235
Organization: Iswa Development Corporation (SC)
Auditor: Burkett Burkett & Burkett CPA P A

AI Summary

  • Answer: Unbudgeted hazard payments were issued to employees and board members without proper documentation or approval.
  • Trend: This practice could lead to financial mismanagement and lack of accountability in future payments.
  • List: Implement a clear approval process for hazard payments, ensure all payments are budgeted, and conduct regular audits to maintain compliance.

Finding Text

Unbudgeted hazard payments made to employees and board members without documented approval process

Categories

Questioned Costs

Other Findings in this Audit

  • 498506 2023-001
    Significant Deficiency
  • 498507 2023-002
    Material Weakness
  • 1074948 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
93.600 Head Start $2.10M
14.869 Title Vi Federal Guarantees for Financing Tribal Housing Activities $1.05M
14.869 American Rescue Plan Funding 2022 $289,914
10.588 Child and Adult Care Food Program $110,795