Finding Text
Condition: ITT was unable to provide sufficient time and effort reporting for employees who were funded by the Federal program. Cause: ITT did not realize that all employees charged to the Federal award needed to have a time certification or personal activity report completed. Effect: ITT’s payroll expenditures charged to the Federal Award were not adequately supported by time reporting documentation. Questioned Cost: Based on selections tested, questioned costs totaled $9,749. However, this was the amount based on sample testing and the total annual amount would be over the $25,000 reporting threshold. Recommendation: ITT should design and implement a control process to ensure they are in compliance with Federal award time and effort reporting requirements. Management Response:
Name of Contact Person: Lonnicia Maxwell, Vice President Operations
Corrective Action: ITT will design and implement a control process to ensure they are in compliance with Federal award time and effort reporting requirements. These actions were implemented in September 2024.