Finding 1098440 (2024-001)

Finding 2024-001 – Special Tests and Provisions Criteria In accordance with the Uniform Guidance, any surplus cash in the project funds account (including earned interest) at the end of the fiscal year shall be deposited in the residual receipts account within 90 days following the end of the fiscal year. Condition For the fiscal year ended September 30, 2023, the project had surplus cash in the amount of $15,693 that is required to be deposited in the residual receipts account. The deposit has not been made. Effect The required residual receipts deposit has not been made. Cause The project has failed to make the required residual receipts deposit. Questioned Costs $15,693. Context The project has not made the required residual receipts deposit. Repeat Finding No. Recommendation Management should ensure that the required residual receipts deposit is made in a timely manner. Auditor Noncompliance Code B – Failure to make the required residual receipts deposits; Special Tests and Provisions – Residual Receipts account. Finding Resolution Status Open. Reporting Views of Responsible Officials Management will ensure that the required residual receipts deposit is made timely.