Finding 1078366 (2022-006)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2024-10-07

AI Summary

  • Core Issue: The Corporation lacks a robust internal control system for preparing the Schedule of Expenditures of Federal Awards, relying on external auditors for assistance.
  • Impacted Requirements: Proper controls are needed to ensure accurate financial reporting and compliance with federal guidelines.
  • Recommended Follow-Up: Management should enhance awareness and strengthen internal controls related to financial reporting for federal awards.

Finding Text

Department of Health and Human Services Federal Assistance Listing #93.498 COVID-19 Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution Applicable Federal Award Number and Year – Period 3 and Period 4 TIN #382628943 and TIN #381649577 Preparation of Schedule of Expenditures of Federal Awards Material Weakness in Internal Control over Compliance - Other Criteria: Proper controls over financial reporting include the ability to prepare the schedule of expenditures of federal awards (Schedule) and accompanying notes to the Schedule. Condition: The Corporation does not have an internal control system designed to provide for a complete and accurate schedule of expenditures of federal awards being audited. The Corporation requested Eide Bailly LLP to draft the Schedule. Cause: Auditor assistance with preparation of the Schedule is not unusual as the Schedule has unique and specialized requirements and preparation is only required when the Corporation meets a specified threshold of federal expenditures. Effect: There is a reasonable possibility that the Corporation would not be able to draft the Schedule and the accompanying notes to the Schedule that is correct without the assistance of the auditors. Questioned Costs: None reported. Context: Sampling was not used. Repeat Finding from Prior Years: No Recommendation: We recommend management be aware of the financial reporting requirements relating to the Corporation’s schedule of expenditures of federal awards and the internal controls that impact financial reporting. View of Responsible Officials: Management agrees with the finding.

Categories

Reporting Material Weakness

Other Findings in this Audit

  • 501921 2022-003
    Material Weakness Repeat
  • 501922 2022-004
    Material Weakness Repeat
  • 501923 2022-005
    Material Weakness Repeat
  • 501924 2022-006
    Material Weakness
  • 501925 2022-007
    Material Weakness
  • 1078363 2022-003
    Material Weakness Repeat
  • 1078364 2022-004
    Material Weakness Repeat
  • 1078365 2022-005
    Material Weakness Repeat
  • 1078367 2022-007
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $15.53M
93.498 Provider Relief Fund and American Rescue Plan (arp) Rural Distribution $2.07M
32.006 Covid-19 Telehealth Program $681,800
93.U01 Rhc Testing Program $527,483
21.027 Coronavirus State and Local Fiscal Recovery Funds $500,000
93.912 Rural Health Care Services Outreach, Rural Health Network Development and Small Health Care Provider Quality Improvement $282,956
93.301 Small Rural Hospital Improvement Grant Program $257,853