Finding Text
2024 – 004 Reporting
Federal agency: U.S. Department of Treasury
Federal program title: Coronavirus State and Local Fiscal Recovery Funds
Assistance Listing Number: 21.027
Federal Award Identification Number and Year: N/A
Award Period: March 3, 2021 – December 31, 2026
Type of Finding:
• Significant Deficiency in Internal Control over Compliance
• Other Matters
Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include the annual report be reviewed, and this review should be documented.
Condition: The Village did not maintain record that the annual report was reviewed and approved by an individual other than the preparer.
Questioned costs: None
Context: This issues was noted in 1 of 1 reports tested.
Cause: The Village does not have a formal control in place to ensure the annual reports are reviewed by an individual other than the preparer.
Effect: May result in inaccurate reporting and allowable costs being charged to Federal programs.
Repeat finding: The finding is a partial repeat of a finding in the prior year. The prior year finding number was 2023-004.
Recommendation: We recommend the Village strengthen internal controls over the review process of the annual grant reporting prior to the report submission. This review should be documented.
Views of responsible officials: There is no disagreement with the audit finding.