FAC Explorer

Finding 1173223 (2023-013)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
-
Year
2023
Accepted
2026-02-11
Audit: 386703
Organization: Jordan Community Residential Center (OH)
Auditor: KEVIN L PENN INC

AI Summary

  • Answer: Implement a formal Cash Management Policy to enhance control over federal funds.
  • Trend: Adopting industry best practices will lower risk and improve compliance.
  • List: Key actions include formalizing policies, enforcing compliance, and integrating best practices.

Finding Text

By formalizing and enforcing a written Cash Management Policy and integrating industry best practices, the Organization will strengthen its stewardship of federal funds, reduce risk exposure, and ensure continued compliance with federal regulations.

Corrective Action Plan

Jordan CRC concurs with the recommendation to strengthen internal controls over cash management by establishing a formal, written Cash Management Policy. This will ensure compliance with 2 CFR 200.305(b)(1) and enhance oversight of subrecipient cash drawdowns. The following action steps and best practices will be implemented:

Categories

Cash Management

Other Findings in this Audit

  • 1173219 2023-009
    Material Weakness Repeat
  • 1173220 2023-010
    Material Weakness Repeat
  • 1173221 2023-011
    Material Weakness Repeat
  • 1173222 2023-012
    Material Weakness Repeat
  • 1173224 2023-014
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
93.243 SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES PROJECTS OF REGIONAL AND NATIONAL SIGNIFICANCE $1.00M
93.788 OPIOID STR $15,080