Finding 1157341 (2024-001)

I.FINANCIAL STATEMENT FINDINGS There were no financial statement findings noted for the years ended December 31, 2024. II.FEDERAL AWARD FINDINGS AND QUESTIONED COSTS Finding #2024-001 - Grant Financial Reporting Questioned Costs Monthly financial reports were not submitted timely. Information on Universe and Population Size The population is made up of the Monthly Voucher Reports submitted to U.S Committee for Refugees and Immigrants Inc. by the 15th of the following month. Sample Size Information In accordance with the guidance the required sample size is between 2 and 4 months. We elected to test 4. Criteria Management is responsible for the design, implementation and maintenance of internal controls relevant to the preparation and fair presentation of the federal awards that are free from material misstatement and in compliance with applicable laws and regulations. Condition During the year ended December 31, 2024, the Organization is required to submit monthly financial reports by the 15th of each month following as defined by the ALN 19.510 U.S. Refugee Admissions Program Contract terms. Cause Monthly financial reports by the 15th of each month following. Effect Failure to submit monthly financial reports by the 15th of each month following results in noncompliance with the grant agreement in place. Recommendation Management should implement a formal monthly review process to ensure timely submissions before or on the 15th of each month following month end. Views of responsible officials The Organization is currently working to create a report in excel to track grant reports deadlines, implement weekly review of the report by the Grants and Finance Committee, and purchase and implement grant monitoring software. The Chief Financial Officer will review the action items and monitor the progress with the Chief Operating Officer monthly.