Finding Text
Preparation of the SEFA
Condition: A SEFA was prepared by the Organization but there was changes that were made
during the audit to get to a complete and accurate SEFA.
Criteria: The SEFA should include all expenditures of federal awards.
Cause: The financials were not accurate and balanced throughout the year.
Effect: The SEFA prepared by the Organization did not include all federal expenses. Recommendation: We recommend that all federal awards be balanced on a monthly basis to
ensure the preparation of the SEFA is accurate.
Response: In addition to the above, project codes will be implemented in GL for all funds so
that all fund sources and expenses can be identified and reconciled monthly.