Finding Text
Federal Agency: U.S. Department of Treasury
Federal Program Name: Native American CDFI Assistance Program
Assistance Listing Number: 21.012
Federal Award Identification Number and Year: 201NA054738 – 2020 and 211NA056263
-2021
Pass-Through Agency: N/A
Pass-Through Number: N/A
Award Period: September 24, 2020 through December 31, 2023 and December 8, 2021 through December 31, 2024
Type of Finding:
• Material Weakness in Internal Control over Compliance – Allowable Costs
• Material Noncompliance (Modified Opinion)
Criteria or Specific Requirement: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards requires compliance with the provisions of allowable costs.
Condition: During our testing, we noted two unallowable expenditures charged to the grant.
Questioned Costs: None
Context: During our testing of allowable costs, it was noted that unallowed costs were charged to the grant.
Cause: Administrative error in charging unallowable costs to federal grants.
Effect: Unallowable expenses were charged to the grant.
Repeat Finding: No.
Recommendation: We recommend management implement procedures to ensure that unallowable costs are not charged to federal grants.
Views of responsible officials: There is no disagreement with the audit finding.