Finding Text
2023-04 – Preparation of Schedule of Expenditures of Federal Awards (Material Weakness) Condition – The Schedule of Expenditures of Federal Awards provided during the audit incorrectly omitted the activity for two grant programs, resulting in a material understatement of expenditures of federal awards.
Effect – Adjustments totaling approximately $16,500,000 were required to be made to the Schedule of Expenditures of Federal Awards to properly reflect total expenditures.
Recommendation – We recommend management review the process of preparing the Schedule of Expenditures of Federal Awards and implement additional controls to ensure that all expenditures are included.