Finding Text
Finding # 2024-001: Type: Material weakness over preparation of schedule of expenditures of federal awards (SEFA). Assistance Listing Number: 93.677 Social Services Block Grant – Department of Health and Human Services; 21.027 Coronavirus State and Local Fiscal Recovery Funds – Department of the Treasury 84.425 Education Stabilization Fund Requirement: The Organization should have systems in place to prepare a complete and accurate SEFA. Condition/Context: The Organization did not identify all federal awards and adjustments were made to the SEFA prepared by management. Cause: The Organization had new funding sources that were not included in the SEFA. Effect: Federal rules and regulations may not be followed. Inaccuracies of the SEFA may impact Single audit and major program determination. Questioned Costs: None. Recommendation: The Organization should implement additional procedures and controls to accurately capture all activity under federal awards in preparing the SEFA. Management’s Response The Executive Director and Director of Finance and will use a grant and contract tracking log to ensure they are aware of all federal awards. The SEFA will be prepared by the bookkeeper and reviewed and approved by the Director of Finance and Administration prior to being submitted.