Finding Text
Material Weakness: As discussed at Finding 2024-02, a monthly journal entry was recorded for nine months that allocated additional payroll to the grant which was based on management’s estimates and not on approved time sheets. Management determined that the time sheets were not being properly completed and estimated, on a monthly basis, the additional amount time they believed was incurred on the grant and not captured in the approved time sheets. The Organization should ensure that all employees working on federal grants and those charged with the responsibility of approving the time sheets, have the appropriate training to understand how to accurately record time and the importance of doing so.