Finding Text
Reporting Criteria - Uniform Guidance, Part 200.303, requires the auditee establish and maintain effective internal control over the federal award which provides reasonable assurance the auditee is managing the federal award in compliance with federal statutes, regulations, and the terms of the federal award. The County is required to submit a Project and Expenditure Report. This report is a Report on projects funded, expenditures, and contracts and subawards equal to or greater than $50,000 and other information. The Compliance and Reporting Guidance, State and Local Fiscal Recovery Funds, requires the project and expenditure report to be submitted to the U.S. Treasury by April 30, 2022, and then annually thereafter. Condition – The project and expenditure report submitted was not reviewed and approved by an independent person for propriety prior to submission. Cause – County procedures have not been established to require documentation the report was independently reviewed and approved. Effect – The lack of a documented review of the report increases the risk for undetected reporting errors or misstatements. Recommendation – The County should establish policies and procedures to ensure the project and expenditure report is reviewed and approved by an independent person who is knowledgeable about the program and is submitted by the due date. This independent review should be documented by the reviewer’s signature or initials and date of review prior to submission. Response – An independent source either in the Auditor or Treasurer’s Office will review and sign off on the report prior to its transmittal. Conclusion – Response accepted.