FAC Explorer

Finding 1104642 (2023-001)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2025-03-14
Audit: 346257
Organization: Luis A Ferre Foundation (PR)
Auditor: Kevane Grant Thornton

AI Summary

  • Issue: The Final Report for ARPA grant funds was submitted late.
  • Impact: This delays compliance with reporting requirements set for December 31, 2024.
  • Recommendation: Ensure timely submission of future reports to avoid penalties and maintain compliance.

Finding Text

During our compliance procedures performed over the Foundation’s reporting requirements, we noted that the Final Report of the grant funds received under the American Rescue Plan Act of 2021 (ARPA) for the period from October 2022 to June 2023, which was due on December 31, 2024, was filed on January 17, 2025.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $200,000