Finding Text
Information on the federal program: Community Development Block Grant, CFDA #14.218, Grant Period 1/1/24 - 12/31/24 Compliance/Internal Control over Compliance: Reporting Criteria or specific requirement: The grantee must file the IDISC04PR29 Cash on Hand quarterly report on a timely basis. This report must be in agreement with the grantees reconciled cash balances. Condition: The Township’s IDISC04PR29 Cash on Hand Quarterly reports did not agree to the reconciled cash balances in the Community Development Trust Fund. Questioned costs: Undetermined Context: During the course of our audit, we noted that not all submitted Cash on Hand Quarterly reports agreed to the reconciled cash balances of the Townships Community Development Bank Account. Effect: The Township is not in compliance with federal requirements regarding the reporting of cash on hand per the Compliance Supplement. Cause: The Township of Bloomfield is misreporting the applicable Cash on Hand. Recommendation: The Township takes more care to ensure that they are reporting the correct cash on hand balances. Management’s response: The Township of Bloomfield should establish policies to ensure that complete and accurate Cash on Hand reporting occurs.