Finding Text
022-001 Schedule of Expenditures of Federal Awards (SEFA) (Significant Deficiency -Reporting)
Criteria:
2 CFR Part 200, Subpart F Section 200.502 (Uniform Guidance) states: “The auditee shall prepare a Schedule of Expenditure of Federal Awards for the period covered by the auditee’s financial statements”. Further, reporting compliance requirements require the District to prepare financial reports that agree to the Schedule of Federal Awards.
Condition:
The District did not prepare a timely Schedule of Expenditures of Federal Awards (SEFA) that agreed to financial reports submitted to federal awarding agency.
Questioned Cost:
Not applicable
Cause:
Lack of internal control procedures over completion of Schedule of Federal Awards.
Effect:
An untimely, incomplete SEFA is not in compliance with Federal regulations. This noncompliance could impact the District’s eligibility to receive federal awards in the future. Recommendation:
We recommend that the District develop and implement internal control procedures for the timely, complete and accurate preparation of the SEFA in accordance with Uniform Guidance compliance requirements.