Answer: There were discrepancies found between the expenditures reported and the SEFA (Schedule of Expenditures of Federal Awards).
Trend: This issue has been recurring, indicating a need for improved tracking and reporting processes.
List: Follow up with finance teams to ensure accurate reconciliation and implement regular audits to prevent future discrepancies.
Finding Text
Reconciliation of Expenditures to SEFA
Corrective Action Plan
Procedures should be implemented for reconciling expenditures of federal awards by per the SEFA to amounts invoiced for reimbursements on a monthly basis