FAC Explorer

Finding 1170992 (2023-004)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2026-01-29
Audit: 384386
Organization: Fusion Parterships, Inc. (MD)
Auditor: L ABRAMS & COMPANY LLC

AI Summary

  • Answer: Financial reports in QuickBooks sometimes don't match the reports submitted to funders.
  • Trend: This inconsistency indicates potential internal control weaknesses in the reporting process.
  • List: Review and reconcile internal reports with funder requirements regularly to ensure accuracy.

Finding Text

During our testing of internal controls, we identified reports are completed as identified in the grant agreement, however, there are some internal control issues where the financial reports internally (Quick Books) do not always match to the funder required submitted reports.

Corrective Action Plan

Although Fusion reviews all backup submitted to funders for reimbursement, where our process has fallen short is in the corrections to the finance reports internally to match what is submitted in real time. In 2024 Fusion added additional staff review to invoice submission and financial reports. This will be fully corrected with the new finance system going online in Q1 of 2025 and additional process added by our AR staff reviewing expenses when invoices are submitted to ensure accuracy.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1170986 2023-001
    Material Weakness Repeat
  • 1170987 2023-001
    Material Weakness Repeat
  • 1170988 2023-002
    Material Weakness Repeat
  • 1170989 2023-002
    Material Weakness Repeat
  • 1170990 2023-003
    Material Weakness Repeat
  • 1170991 2023-003
    Material Weakness Repeat
  • 1170993 2023-005
    Material Weakness Repeat
  • 1170994 2023-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
93.788 SUBSTANCE ABUSE MORBIDITY $433,693
00.000 PAROLE HEARING AND REENTRY PREPARATION $429,570
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $274,505
00.000 BLUEPRINT FOR MARYLAND'S FUTURE $190,131
93.307 CENTER FOR URBAN HEALTH DISPARITIES RESEARCH & INNOVATION $162,964
00.000 STATE TOURISM $123,995
16.540 BALTIMORE YOUTH ARTS - STUDIO APPRENTICE PROGRAM I $104,127
16.738 BALTIMORE YOUTH ARTS APPRENTICE PROGRAM AND ALUMNI ENGAGEMENT $96,746
20.272 COLLECTIVE FOR ANTIRACIST CHILD AND FAMILY SYSTEMS $82,843
93.185 SUPPORT TO INCREASE EQUITABLE VACCINATION COVERAGE $73,906
20.616 NIGHT LIGHT $47,026
45.025 MID ATLANTIC FOLD AND TRADITIONAL ARTS COMMUNITY PROJECTS $23,836
00.000 COMMUNITY SAFETY WORKS PROGRAM $22,500
00.000 COMMUNITY ENGAGEMENT RESEARCH ALLIANCE $12,980