Finding 1158145 (2024-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-09-30

AI Summary

  • Core Issue: Reports for the Economic Development Initiative were submitted late, violating compliance requirements.
  • Impacted Requirements: Internal controls must ensure timely reporting and proper review before submission to prevent errors or fraud.
  • Recommended Follow-up: Management should strengthen internal controls to guarantee all reports are reviewed and submitted on time.

Finding Text

Major Federal Program – Economic Development Initiative, Community Project Funding, and Miscellaneous Grants Compliance Requirements: Reporting Criteria: In accordance with the grant agreement and Uniform Guidance, effective internal controls must be in place to prevent and detect noncompliance. This requirement extends to reporting requirements under federal grants, including the prevention of non-timely reporting and ensuring that all reports are reviewed by an appropriate party prior to submission. Condition: (X) Compliance Finding (X) Significant Deficiency ( ) Material Weakness Context/Cause: Audit procedures determined that the semi-annual reporting required by the grantor for July 1, 2024 through December 31, 2024 was submitted on September 3, 2025, after the original due date, due to the absence of timely review of reporting and reporting requirements for the grant. Effect and Questioned Costs: The absence of timely review related to reporting requirements significantly increases the risk that misstatements due to error or fraud may occur and not be detected timely. Likely questioned costs are indeterminable. Recommendation: Management should reinforce the internal controls in place to ensure all reporting is appropriately reviewed by someone other than the preparer and submitted prior to the required due date. Responsible Official’s Response: See Corrective Action Plan

Corrective Action Plan

Response: The YMCA of Metropolitan Fort Worth has strengthened its review process to ensure all required federal grant reports are submitted by the established deadlines. Reports will be prepared and reviewed at least one week prior to the required submission date. A compliance calendar will be maintained and monitored by the Finance Department. All reports will undergo supervisory review by a staff member other than the preparer before submission. Date of Completion: September 30, 2025 Person Responsible to Ensure Completion: Kristen Lee, Chief Finance & Administration Officer

Categories

Material Weakness Reporting Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1158143 2024-001
    Material Weakness Repeat
  • 1158144 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $4.19M
14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants $2.88M
10.558 Child and Adult Care Food Program $130,764