Finding Text
Identification of the Federal Program - Meat and Poultry Intermediary Lending Program - Assistance Listing Number 10.382. Criteria - The criteria is based on the guidelines and regulations set forth by the funding agency, the United States Department of Ariculture and the Compliance and Reporting Guidance included in the grant agreements. According to these requirements, recipients must submit Federal financial reports 30 days after the close of the reporting period to ensure timely accounting of the use of USDA funds. 2 CFR 200.303, Internal Controls, requires that recipients establish and maintain effective internal control over Federal awards that provides reasonable assurance that the recipient is managing Federal awards in compliance with Federal statutes, regulations, and the terms and conditions of the Federal awards. Condition - There was a lack of monitoring and appropriate review by the Authority to ensure certain reports were prepared in a timely manner. Effect - There were three reporting periods during the fiscal year under audit. The reports for two reporting periods were not submitted timely. The semiannual reports were not submitted within 30 days after period end. Cause - The Authority's policies and procedures over federal award reporting were not adequate. Recommendation - The Authority should implement policies and procedures related to federal award reporting to comply with reporting requirements. Views of Responsible Officials - The Authority agrees with the finding. The Authority will implement additional oversight over the timely preparation and submittal of required grant reporting documents.