Finding Text
FINDING No. 2024-001: Section 236 Interest Reduction Payments, ALN 14.103
Finding Resolution Status: Resolved.
Information on Universe Population Size: All disbursements for the year ended December 31, 2024.
Sample Size Information: Twenty-five disbursements.
Identification of Repeat Finding and Finding Reference Number: No.
Criteria: All purchases must be authorized by the appropriate level of management prior to disbursement.
Statement of Condition: A purchase was not authorized by the appropriate level of management.
Cause: A transaction in the amount of $15,019 was approved by a member of management who only had authorization to approve transactions up to $1,000.
Effect or Potential Effect: Potential unauthorized use of project funds.
Auditor Non-Compliance Code: S – Internal control deficiencies.
Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendation has been adopted.
Recommendation: Management should ensure adherence to and the monitoring of established controls over cash disbursements.
Response Indicator: Agree.
Completion Date: 10/30/2024
Response: Staff training has been provided. New manager has been advised regarding limits. This was a glitch in the OPS Spend Management system.