Finding 1096996 (2023-004)

Significant Deficiency
Requirement
B
Questioned Costs
$1
Year
2023
Accepted
2025-01-28
Audit: 340111
Organization: Ventures (WA)

AI Summary

  • Core Issue: There is a significant deficiency in internal controls over expenditure approvals for the Coronavirus State and Local Fiscal Recovery Funds.
  • Impacted Requirements: Compliance with 2 CFR 200.303 is lacking, as not all expenditures were properly documented and approved.
  • Recommended Follow-Up: Ensure all expenditures have documented approval, especially for those charged to Federal programs, to prevent unallowable costs.

Finding Text

Federal Agency: U.S. Department of the Treasury Federal Program Name: Coronavirus State and Local Fiscal Recovery Funds Assistance Listing Number: 21.027 Federal Award Identification Number and Year: SLFRP1045 - 2021 Pass-Through Agency: City of Seattle Pass-Through Number(s): DC222308 Award Period: 4/1/2022 to 3/31/2023 Type of Finding: • Significant Deficiency in Internal Control Over Compliance Criteria or specific requirement: 2 CFR 200.303 of the Uniform Guidance states the recipient of Federal awards must establish, document, and maintain effective internal control over the Federal award that provides reasonable assurance that the recipient is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. These internal controls should align with the guidance in "Standards for Internal Control in the Federal Government" issued by the Comptroller General of the United States or the "Internal Control-Integrated Framework" issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Condition: Controls over expenditure approval were not being consistently applied. Questioned costs: $3,781 Context: Of the 29 general disbursements tested, 5 expenditures did not show evidence of approval Cause: Likely caused by an administrative oversight or error. Effect: Potential outcome would be an unallowable cost being charged to the Federal program. Repeat finding: No Recommendation: We recommend that approval of all expenditures, whether initiated by an invoice or a journal entry be documented. In the case where the expenditure is likely to be charged to a Federal program, it is recommended there be documentation of approval from someone knowledgeable of allowability of costs (it is permissible if this is the same individual as the initial approver). Views of responsible officials: There is no disagreement with the audit finding.

Categories

Questioned Costs Allowable Costs / Cost Principles Internal Control / Segregation of Duties

Other Findings in this Audit

  • 520548 2023-002
    Significant Deficiency
  • 520549 2023-002
    Significant Deficiency
  • 520550 2023-002
    Significant Deficiency
  • 520551 2023-003
    Significant Deficiency
  • 520552 2023-003
    Significant Deficiency
  • 520553 2023-003
    Significant Deficiency
  • 520554 2023-004
    Significant Deficiency
  • 1096990 2023-002
    Significant Deficiency
  • 1096991 2023-002
    Significant Deficiency
  • 1096992 2023-002
    Significant Deficiency
  • 1096993 2023-003
    Significant Deficiency
  • 1096994 2023-003
    Significant Deficiency
  • 1096995 2023-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $213,000
21.025 Small Dollar Loan Program $124,588
21.027 Coronavirus State and Local Fiscal Recovery Funds $121,472
11.034 2023 Mbda Capital Readiness Program $75,967
59.046 Microloan Program $68,159
59.050 Prime Technical Assistance $29,129