Finding Text
Criteria: In accordance with the Federal Uniform Guidance and New Jersey Circular Letter 15-08, the County is required to submit certain financial and performance reports to granting agencies on either a quarterly or annual basis that should coincide with the County's internal financial accounting records. Condition: The County's reported grant expenditures contained variances when compared to the system-generated reports. These variances could not be reconciled or fully substantiated. However, the differences may have been attributable to timing of expenditures and the treatment of encumbrances. Accordingly, while the inconsistencies warrant attention and correction, they do not indicate material misstatements, misuse of grant funds, or rise to the level of questioned costs. Cause: The County did not reconcile the quarterly and annual expenditures reported to the accounting records. Effect: Certain reports submitted were not in agreement with the County's financial accounting records and/or had clerical errors attributing to noncompliance with reporting requirements. Recommendation: We recommend the County implement procedures to ensure the reports filed are in agreement with the County's financial accounting records and be clerically accurate.