Finding Text
Assistance Listing, Federal Agency, and Program Name - 10.766 Community Facilities Loans and Grants, U.S. Department of Agriculture (USDA) Federal Award Identification Number and Year - N/A Pass through Entity - N/A Finding Type - Material weakness Repeat Finding - No Criteria - USDA requires the Community Facilities Loans and Grants to be reflected on the schedule of expenditures of federal awards (SEFA) for continuing compliance requirements. Condition The College did not include their Community Facilities Loans on the Schedule of Federal Expenditures in prior years. Questioned Costs - None If questioned costs are not determinable, description of why known questioned costs were undetermined or otherwise could not be reported - N/A Identification of How Questioned Costs Were Computed - N/A Context - While the College did not include the loans on prior year SEFAs, the College included the loans on the current year SEFA subject to audit as a major program. Cause and Effect - A control was lacking to identify changes in the federal regulations pertaining to the Community Facilities Loans and Grants program. As a result, the SEFA was understated in prior years. Recommendation - We recommend a control be implemented to review all federal loans and grants programs for inclusion on the SEFA. Views of Responsible Officials and Planned Corrective Actions - The College will ensure that updates to compliance requirements are identified and complied with through review of Compliance supplements and other resources. The College will continue to reconcile grant funds received to the SEFA to ensure that all appropriate programs are included.