Finding 1090298 (2023-002)

Significant Deficiency Repeat Finding
Requirement
A
Questioned Costs
-
Year
2023
Accepted
2024-12-11
Audit: 331872
Organization: The Fogarty Center (RI)

AI Summary

  • Core Issue: The Center's bonus calculation for the final quarter was inconsistent with previous quarters, leading to an overpayment.
  • Impacted Requirements: Consistent methodology is required for calculating allowable expenses, which was not followed.
  • Recommended Follow-Up: Strengthen the review process for tracking spreadsheets to ensure accurate reporting of information.

Finding Text

Condition: The Center's final quarter bonus calculation spreadsheet used a calculation, which was inconsistent with prior quarters, resulting in an extra day being included in the calculation. Criteria: Companies are required to utilize consistent methodology to calculate amounts considered allowable expenses. Cause: Because the calculation was inconsistent, the Center overpaid bonuses, which are considered unallowed expenditures claimed on the grant. Recommendation: We recommend that the Center strengthen its review of tracking spreadsheets to ensure that accurate information is accurately reported. Views of responsible officials: Management of the Center agrees with the finding. The Company's corrective action plan is included at the end of this report.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 513855 2023-001
    Significant Deficiency Repeat
  • 513856 2023-002
    Significant Deficiency Repeat
  • 513857 2023-003
    Significant Deficiency
  • 1090297 2023-001
    Significant Deficiency Repeat
  • 1090299 2023-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.05M
14.218 Community Development Block Grants/entitlement Grants $3,807