Finding Text
Finding No.: 2023-005
Federal Agency: U.S. Department of the Treasury
Pass-Through Entity: CNMI Government
AL Program: 21.027 Coronavirus State and Local Fiscal Recovery Funds
Federal Award No. and year: CNMI22028 2021-2023
Area: Reporting
Questioned Costs: $-0-
Criteria:
In accordance with the grant award CNMI22028, CPA will submit quarterly reports to the Department of Finance Office of the Secretary that are accurately prepared and supported.
Condition:
For one (or 33%) of three reports examined, the quarter ending 9/30/2023 cumulative amount reported as federal share of $2,009,788 did not agree with expected cumulative federal share per audit expectation of $2,041,923, resulting in a variance of $32,135.
Cause:
CPA did not effectively monitor the accuracy and completeness of the financial report based on underlying accounting records.
Effect:
CPA is in noncompliance with the applicable reporting requirements. No questioned cost is reported as we are unable to quantify the extent of noncompliance.
Recommendation:
Responsible personnel should regularly monitor reports to verify that amounts reported are supported by underlying accounting records.
Views of Responsible Officials:
Management states agreement with the finding. Refer to separate Corrective Action Plan.