Finding Text
Condition: The SEFA submitted for the year ended December 31, 2023 was found to be incomplete. Criteria: Organizations are required to prepare a SEFA that includes all federal awards received and expended during the fiscal year. The SEFA must be complete and accurate to ensure compliance with federal reporting requirements. Cause: The inaccurate reporting of these federal awards appears to be due to lack of communication and oversight in data collection. Effect: The incomplete SEFA may lead to noncompliance with federal regulations, potentially resulting in loss of funding. Recommendation: The Organization should review its procedures for putting together the SEFA and ensure that there is a reconciliation with the general ledger and vouchers to ensure the SEFA is complete. Views of Responsible Officials and Planned Corrective Actions: The Organization will review its procedures and make appropriate changes. The Organization accepts the recommendation.