Finding 1090299 (2023-003)

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

AI Summary

  • Issue: The Center submitted all eight reports late.
  • Requirements: Timely documentation is essential for cost reimbursement grants, with reports due two weeks after the reporting period ends.
  • Follow-up: The Center should improve its tracking of reporting dates to ensure timely submissions in the future.

Finding Text

Condition: The Center reported eight out of eight submissions late. Criteria: Companies are required to maintain relevant and reliable documentation related to expenditures claimed on cost reimbursement grants. Further, the funding under the Coronavirus State and Local Fiscal Recovery Funds require Workforce and Expenditure Reports to be submitted two weeks after the last day of the reporting period. Cause: Due to inaccurate tracking of reporting dates, submission of the quarterly Workforce and Expenditure Reports were not submitted timely by the Center. Effect: May impact future funding. Recommendation: We recommend that the Center strengthen its review of reporting dates to ensure future reporting submissions are filed timely. Views of responsible officials: Management of the Center agrees with the finding. The Center's corrective action plan is included at the end of this report.

Categories

Cash Management Reporting

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
  • 1090298 2023-002
    Significant Deficiency Repeat

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