Finding 1176398 (2024-004)

Material Weakness Repeat Finding
Requirement
ABHM
Questioned Costs
-
Year
2024
Accepted
2026-03-04

AI Summary

  • Core Issue: The Agency lacks written procedures for determining the allowability of costs charged to federal awards.
  • Impacted Requirements: This violates 2 CFR 200.302(b)(7), which mandates documented procedures for cost allowability under federal guidelines.
  • Recommended Follow-Up: Management should create and implement clear written procedures outlining responsibilities and documentation for cost allowability to ensure compliance.

Finding Text

Lack of Written Procedures for Determining Allowability of Costs Condition: The Agency did not maintain written procedures for determining the allowability of costs charged to federal awards. Although management performs reviews of expenses to ensure reasonableness, these reviews are not guided by documented policies or standardized criteria. Criteria: In accordance with 2 CFR 200.302(b)(7), non-federal entities must maintain written procedures for determining allowability of costs in accordance with Subpart E - Cost Principles of the Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Cause: Management was unaware that Uniform Guidance requires written procedures specifically addressing cost allowability, separate from general internal control or purchasing policies. Effect: Without documented procedures, there is an increased risk that unallowable or unsupported costs may be charged to federal programs, potentially resulting in noncompliance with federal cost principles and repayment obligations. Questioned Cost: None noted as a result of audit procedures performed. Recommendation: Management should develop and implement written procedures for determining allowability of costs consistent with the requirements of 2 CFR 200.302(b)(7). Procedures should clearly define responsibilities, documentation requirements, and approval processes to ensure all cost charged to federal programs are allowable, allocable, and reasonable. Management Response: We agree with the findings in the audit report and have developed a Corrective Action Plan to address each item promptly. This has been a challenging year for the organization, including turnover in the Chief Financial Officer ("CFO") position and the fact that this was our first Single Audit due to increased federal funding related to COVID-19 programs. These factors contributed to delays in audit readiness, gaps in technical accounting for grants, and weaknesses in internal controls over financial reporting and federal award reporting. We have implemented a comprehensive plan to address these challenges and will be hiring a new CFO in the first quarter of 2026.

Corrective Action Plan

2024-004: Lack of Written Procedures for Determining Allowability of Costs Federal Program: All federal programs Planned Corrective Action Description of Corrective Action: 1. Accounting Policy Manual for Federal Government Grant Practice and Internal Controls will be reviewed and updated to ensure that the section on Allowable Costs is up to date. a. The manual should have procedures with clearly designed responsibilities, documentation requirements, and approval processes to ensure all costs charged to federal programs are allowable, allocable and reasonable. 2. Accounting Staff and Management will be trained on Federal Grant Allowable Costs. Overall Completion Target Date: [06/30/2026] How Effectiveness Will Be Monitored: 1. Accounting Policy Manual for Federal Government Grant Practice and Internal Controls with updates to ‘allowable costs’ will be reviewed and updated by June 30, 2026 and will be presented to the BBBSMA Finance Committee. 2. Accounting Staff will be trained on Federal Grant Allowable Costs by June 30,2026 and will send an email to the CEO that describing the training completed. Responsible Person: CFO/ VP Finance and CEO in lieu of the CFO

Categories

Allowable Costs / Cost Principles

Other Findings in this Audit

  • 1176397 2024-003
    Material Weakness Repeat
  • 1176399 2024-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.215K Mentoring in Title I Middle Schools: Igniting Student Achievement $166,667
16.726 JUVENILE MENTORING PROGRAM $160,000
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $50,000