Finding Text
The Agency does not have adequate procedures in place to ensure period of performance for federal awards. During our testing, we identified a cost transfer that was for costs that were incurred before the period of performance date. The Agency does not have an effective control in place to ensure only costs incurred during the approved budget period of federal awards period of performance are charged to federal awards. Failure to ensure only costs incurred during the approved budget period of federal awards period of performance may result in inaccurate periodic financial reports and unallowable costs. We recommend the Agency review its cost transfers procedures and implement additional procedures to monitor federal awards period of performance