Finding 1117500 (2023-004)

Condition: The Land Bank did not submit timely or complete quarterly project and expenditure reports to the State of Delaware. For the two quarterly reports tested, The Land Bank submitted both reports after their due date and did not report obligation information. Criteria: As detailed in Exhibit A to the grant agreement between the State of Delaware and the Land Bank, the Land Bank is required to submit quarterly project and expenditure reports to the State of Delaware 15 days after each quarter end. The Land Bank is also required to include the following information in the Report Contents: “Obligations and Expenditures: Subrecipient shall report on each program's obligations and expenditures including (1) current period obligations, (ii) cumulative obligations, (iii) current period expenditures, and (iv) cumulative expenditures.” Cause: The Land Bank did not submit the selected reports timely or with all of the required information. Questioned Costs: None Effect: The Land Bank did not comply with the State of Delaware grant agreement to submit timely and complete quarterly reports. Recommendation: We recommend the Land Bank implement controls and policies to ensure reports are completed as required by the grant agreement.