Finding Text
2024-003 Federal Agency: U.S. Department of Health and Human Services Federal Program Name: Older Americans Act Title III Assistance Listing Number: 93.044, 93.045, 93.053 Federal Award Identification Number and Year: 2401MNOASS-00, 2101MNSSC6-00, 2401MNOAA-00, 2401MNOACM-00, 2401MNOAHD-00, 2101MNCMC6-00, 2101MNHDC6-00, 2101MNOAHD-00, & 2301MNOANS-00 - 2024 Pass-Through Agency: Minnesota Board on Aging Award Period: January 1, 2024 – December 31, 2024 Type of Finding Material Weakness in Internal Control over Compliance Criteria: The Organization must have a process in place to review and approve financial reports and earmarking. Condition: While performing audit procedures, it was noted that one of the two reports selected for testing had no review or approval. These reports are also used to monitor earmarking. Questioned costs: None Context: There were no signs of review or approval over financial reports. Cause: The Organization has adopted a policy mid-year related to reviewing financial reports earmarking. Effect: This condition increases the possibility that error or irregularities may occur within financial reporting. Repeat Finding: This was a repeat finding in the immediately prior year. Prior year finding number was 2023-002. Recommendation: The Organization should review and approve reports before submitting. Views of Responsible Officials: There is no disagreement with the audit finding. Management will implement a process to review the financial reports that are prepared by staff before submitting the report and will document that review/approval.