Finding 1148810 (2024-001)

Finding: 2024-001 Other Matter Reporting Criteria: Federal Financial Reports (“FFR”) submitted to the Federal awarding agency are to be supported by Humanities New York’s underlying accounting records. Condition: The FFR submitted to the awarding agency by Humanities New York did not reflect an accurate amount relating to the Federal share of expenditures that is required to be reported on the FFR. However, the underlying accounting records of Humanities New York did reflect an accurate amount relating to the Federal share of expenditures. Effect: The FFR filed for the October 31, 2024 reporting period reported an amount for the Federal share of expenditures that was not accurately supported by the accounting records of Humanities New York. Cause: When preparing the FFR for the period ending October 31, 2024, the books for the period ending October 31 2024 had not been fully closed out due to turnover in the finance department. This caused the amount for the Federal share of expenditures to be presented incorrectly. Auditors’ Recommendation: We recommend that Humanities New York’s finance department perform procedures to reconcile amounts presented on the FFR to the underlying accounting records prior to submitting such reports to the Federal awarding agency. Response: Humanities New York agrees with this finding. Please refer to the corrective action plan.