Finding Text
2023-003: Significant deficiency over preparation of the Schedule of Expenditures of Federal Awards
Assistance listing number(s): All
Agency: All
Program: All
Grant Year: 2023
Criteria: According to 2 CFR 200.510(b), the audit is responsible for the preparation of the Schedule of Expenditures of Federal Awards (SEFA). The SEFA must include, at a minimum, the information required by 2 CFR 200.510(b).
Condition: One award was initially excluded from the Schedule of Expenditures of Federal Awards (SEFA) despite being a federal subaward. In addition, certain award balances were not correctly calculated by improperly excluding amounts already expended that will be reimbursed under the federal award, or improperly including amounts advanced and not yet expended.
Cause: Balances on the schedule were calculated in-line with internal budgets rather than actual expenditures.
Effect: The SEFA was not properly prepared for the year ended September 30, 2023.
Questioned costs: There were no questioned costs related to this finding.
Repeat finding: This is not a repeat finding.
Auditor’s recommendation: We recommend all agreements be reviewed to determine whether they are grants or contracts. Written policies and procedures should detail how the SEFA gets compiled to ensure proper and complete information. The calculations on the SEFA should be reviewed and approved by a supervisor and compared against expected balances.
Views of Responsible Officials and Corrective Action Plan (unaudited): See corrective action plan.