Finding Text
Identification of a Repeat Finding: This is a repeat finding from the immediate previous audit, 2022-001. Criteria: Uniform Guidance requires written procedures for cash management and determining the allowability of costs in accordance with Subpart E – Cost Principles. Condition: Ozarks Regional YMCA did not have written procedures for cash management (2 CFR 200.302(b)(6)) and allowable costs determination (2 CFR 200.302(b)(7)) in accordance with Uniform Guidance requirements. Questioned Costs: $0 Cause: Ozarks Regional YMCA’s written policies and procedures were not updated to include required Uniform Guidance policies. Effect: Employees of Ozarks Regional YMCA could enter into a transaction that is not in compliance with Uniform Guidance requirements. Recommendation: We recommend Ozarks Regional YMCA draft and adopt written procedures in accordance with Uniform Guidance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding and has developed and implemented the appropriate policies and procedures effective September 2024.