Finding 1164949 (2022-002)

Material Weakness Repeat Finding
Requirement
CL
Questioned Costs
-
Year
2022
Accepted
2025-12-16

AI Summary

  • Core Issue: There was an inaccuracy in reporting grant income and expenditures, with a discrepancy of $8,233 between reported and actual amounts.
  • Impacted Requirements: Grant reporting must align with accounting records to ensure compliance and accuracy.
  • Recommended Follow-Up: Amend the grant report to reflect accurate figures and initiate the process to return the excess funds to the granting agency.

Finding Text

Finding 2022-002 Appalachian Regional Commission Partnership for Opportunity and Workforce and Economic Revitalization Initiative Assistance Listing No. 23.002 - ARC Contract No. PW-19726-IM-19 Grant Period - Year Ended June 30, 2022 Condition: As discussed at Finding 2022-001, reporting of grant income and expenditures for the grant were not reported accurately. The grant reported $1,150,000 in revenues and expenditures while accounting records support $1,141,767 of revenues and expenditures. Reported overage of revenues and expenditures and remaining grant funds totaled $8,233. Recommendation: Grant reporting should be amended to match the accounting records and remaining grant funds should be returned to the granting agency. Views of Responsible Officials and Planned Corrective Actions: PRIDE agrees with the findingand will be amending reporting and will be contacting the grant agency for guidance on returning grant funds.

Corrective Action Plan

Views of Responsible Officials and Planned Corrective Actions: PRIDE agrees with the finding and will be amending reporting and will be contacting the grant agency for guidance on returning grant funds.

Categories

Reporting

Other Findings in this Audit

  • 1164948 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
15.252 ABANDONED MINE LAND RECLAMATION (AMLR) $2.50M
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $135,220
10.699 PARTNERSHIP AGREEMENTS $50,048
10.761 WATER AND WASTE TECHNICAL ASSISTANCE AND TRAINING GRANTS $31,490
23.002 APPALACHIAN AREA DEVELOPMENT $11,249