FAC Explorer

Finding 11019 (2019-009)

Material Weakness
Requirement
N
Questioned Costs
-
Year
2019
Accepted
2024-01-31
Audit: 14900
Organization: Consortium of Universities for the Advancement of Hydrologic Science, Inc. (MA)
Auditor: Kelly Vitale Raffol LLC

AI Summary

  • Answer: Management previously paused fund drawdowns for 10 months due to retained funds.
  • Trend: New management has implemented internal controls to improve compliance with federal regulations.
  • List: Ensure SF-270 submissions and proper documentation for all expenses moving forward.

Finding Text

2019 Management retained the funds in lieu of redeposit resulting in the ACM$ drawdown being halted for the impacted award for 10 months before resuming draw downs. New 2023 Management has put internal controls in place with SF-270 submission for all drawdowns and source backup for all allowable expenses and procedures to ensure 2 CFR Part 200.305 compliance.

Corrective Action Plan

2019 Management retained the funds in lieu of redeposit resulting in the ACM$ drawdown being halted for the impacted award for 10 months before resuming draw downs. New 2023 Management has put internal controls in place with SF-270 submission for all drawdowns and source backup for all allowable expenses and procedures to ensure 2 CFR Part 200.305 compliance.

Categories

Cash Management

Other Findings in this Audit

  • 11011 2019-001
    Material Weakness
  • 11012 2019-002
    Material Weakness
  • 11013 2019-003
    Material Weakness
  • 11014 2019-004
    Material Weakness
  • 11015 2019-005
    Material Weakness
  • 11016 2019-006
    Material Weakness
  • 11017 2019-007
    Material Weakness
  • 11018 2019-008
    Material Weakness
  • 11020 2019-010
    Material Weakness
  • 11021 2019-011
    Material Weakness
  • 587453 2019-001
    Material Weakness
  • 587454 2019-002
    Material Weakness
  • 587455 2019-003
    Material Weakness
  • 587456 2019-004
    Material Weakness
  • 587457 2019-005
    Material Weakness
  • 587458 2019-006
    Material Weakness
  • 587459 2019-007
    Material Weakness
  • 587460 2019-008
    Material Weakness
  • 587461 2019-009
    Material Weakness
  • 587462 2019-010
    Material Weakness
  • 587463 2019-011
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
47.050 Geosciences $1.45M
47.080 Office of Cyberinfrastructure $80,192
47.083 Integrative Activities $28,517
47.079 Office of Internal Science and Engineering $13,688
47.070 Computer and Information Science Engineering $9,122
47.070 Computer and Information Science and Engineering $4,346