Finding Text
2024-001 Reporting
Federal agency: U.S Department of Commerce
Federal program title: Investments for Public Works and Economic Development Facilities
Assistant Listing Number: 11.300
Federal Award Identification Number: 05-79-06232 - 2024
Award Period: July 1, 2023 to June 30, 2024
Type of Finding:
Compliance, Other Matters
Significant Deficiency in Internal Control over Compliance
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 procedures to ensure reports are formally reviewed by someone
who did not prepare the report to verify the correct information and data is submitted. Additionally, per 2 CFR 200.328(c) the recipient
or subrecipient must submit financial reports as required by the Federal award. Reports submitted annually by the recipient or
subrecipient must be due no later than 90 calendar days after the reporting period. Reports submitted quarterly or semiannually must
be due no later than 30 calendar days after the reporting period.
Condition: The College did not have a formal review process in place as well as submit report timely.
Context: During our testing, we identified 2 out of 2 financial reports did not have documentation of formal review. Additionally, 1 of the
2 reports was not submitted within the required timeframe.
Questioned costs: None.
Cause: Supervisory review and approval is currently undocumented, and is only communicated verbally.
Effect: Improper data could be submitted to the awarding agency.
Repeat Finding: No.
Recommendation: The College should implement formal review procedures to document review and approvals over required reports in
addition to procedures to ensure reports are being submitted timely.
Views of responsible officials: Management agrees with the finding.