Finding 1136227 (2023-003)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2025-05-07

AI Summary

  • Core Issue: PCRI did not maintain a complete schedule of expenditures for federal awards, leading to potential compliance issues.
  • Impacted Requirements: Noncompliance with 2 CFR Part 200, specifically §200.302 and §200.510, regarding financial management and audit requirements.
  • Recommended Follow-Up: Implement policies to ensure accurate tracking and reporting of federal awards, aligning with 2 CFR Part 200 to meet compliance standards.

Finding Text

Criteria: 2 CFR Part 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart D – Post Federal Awards Requirements, Standards for Financial and Program Management, and §200.302 (b), Financial Management. Identification, in its accounts, of all federal awards received and expended and the federal program under which they were received. Federal program and federal award identification must include, as applicable, the federal assistance listing title and number, federal award identification number, name of the federal agency, and name of the pass-through entity, if any. Additional Criteria: 2 CFR Part 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart F – Audit Requirements, §200.510, Financial Statements. Schedule of Expenditures of Federal Awards – The auditee also must prepare a schedule of expenditures of federal awards for the period covered by the auditee’s financial statements, which must include the total federal awards expended, as determined in accordance with §200.502, Basis for Determining Federal Awards Expended. At a minimum, the schedule must provide total federal awards expended for each individual federal program and the federal assistance listing number or other identifying number when the federal assistance listing information is not available. For a cluster of programs, also provide the total for the cluster. Condition: PCRI did not maintain a complete schedule of expenditures of federal awards. Cause: PCRI did not adequately track which government grants were federally-funded, resulting in an incomplete schedule of expenditures of federal awards. Effect: Failure to prepare an accurate and complete schedule of expenditures of federal awards results in noncompliance with 2 CFR Part 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart D – Post Federal Awards Requirements, Standards for Financial and Program Management, §200.302, Financial Management, and Subpart F – Audit Requirements, §200.510, Financial Statements. Recommendation: We recommend that PCRI document and implement policies and procedures to ensure the schedule of expenditures of federal awards is accurate and complete in accordance with 2 CFR Part 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart D – Post Federal Awards Requirements, Standards for Financial and Program Management, §200.302, Financial Management, and Subpart F – Audit Requirements, §200.510, Financial Statements, in order to obtain accurate calculations of major federal programs for the Single Audit and to ensure that PCRI is in compliance with all of the reporting requirements as to identify the source and application of funds for federally-funded activities.

Categories

Reporting Subrecipient Monitoring Allowable Costs / Cost Principles

Other Findings in this Audit

  • 559782 2023-002
    Significant Deficiency Repeat
  • 559783 2023-003
    Significant Deficiency Repeat
  • 559784 2023-002
    Significant Deficiency Repeat
  • 559785 2023-003
    Significant Deficiency Repeat
  • 1136224 2023-002
    Significant Deficiency Repeat
  • 1136225 2023-003
    Significant Deficiency Repeat
  • 1136226 2023-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $1.38M
14.218 Community Development Block Grants/entitlement Grants $1.26M
21.027 Coronavirus State and Local Fiscal Recovery Funds $713,377
21.026 Homeowner Assistance Fund $26,965