Finding 1201138 (2025-003)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-03-30

AI Summary

  • Core Issue: The Settlement failed to submit required semi-annual SF-425 and annual SF-429 reports on time, violating federal reporting requirements.
  • Impacted Requirements: Noncompliance with 2 CFR §200.328 and HHS award terms regarding timely report submissions.
  • Recommended Follow-Up: Improve internal controls to track reporting deadlines and ensure timely preparation and submission of reports.

Finding Text

2025-003 – Noncompliance with Reporting Requirements – Significant Deficiency Federal Assistance Listing Number (“FALN”): 93.600 Name of Program or Cluster: Head Start Cluster Federal Agencies: Department of Health and Human Services (“HHS”) Compliance Requirement: Reporting Condition The Settlement did not submit required semi-annual SF-425 Federal Financial Reports (“FFR’s”), which are due 30 days after the end of the reporting period Condition (continued) Additionally, the Settlement did not submit required annual SF-429 Real Property Status Report within the required deadlines which is due 90 days after the reporting period per HHS requirements and terms of the award. Criteria In accordance with 2 CFR §200.328 and the applicable award terms and conditions, the Settlement is required to submit the SF-425, Federal Financial Report, and SF-429, Real Property Status Report, within the timeframes established by the federal awarding agency. Cause The condition appears to be due to insufficient internal controls over the monitoring of reporting deadlines and extensions, and the review process to ensure timely submission. Effect This condition resulted in the Settlement not being in compliance with federal reporting requirements. Untimely reporting may limit the federal agency’s ability to effectively monitor program performance and financial activity. Questioned Costs None Context No questioned costs were identified. The finding relates to the untimely submission of required reports and does not impact the allowability of program expenditures; however, timely reporting is necessary to support effective federal oversight. Recommendation We recommend that the Settlement enhance its internal control procedures over the reporting process by implementing a mechanism to track reporting deadlines and ensuring timely preparation, review, and submission of required reports. Views of Responsible Officials See Corrective Action Plan in Appendix 1.

Corrective Action Plan

2025-003: Noncompliance with Reporting Requirements The planned corrective action: University Settlement did not submit the SF425 because we had submitted a budget revision to the Office of Head Start and were still awaiting approval. University Settlement did not submit the SF429 because we are currently in discussions with the Office of Head Start regarding the status of federal interest in property owned by USS. We should have communicated in writing to confirm expectations prior to the deadline and submitted the reports accordingly and on time. Going forward, University Settlement will clarify any questions regarding reporting requirements and deadlines in writing to our funder with sufficient time for response prior to a filing deadline. The name(s) of the contact person(s) responsible for corrective action: Lisa Stein, CFO Julia Kagan, Managing Director, Finance The anticipated completion date for the corrective action. 4/30/2026

Categories

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Other Findings in this Audit

  • 1201130 2025-001
    Material Weakness Repeat
  • 1201131 2025-002
    Material Weakness Repeat
  • 1201132 2025-001
    Material Weakness Repeat
  • 1201133 2025-002
    Material Weakness Repeat
  • 1201134 2025-003
    Material Weakness Repeat
  • 1201135 2025-003
    Material Weakness Repeat
  • 1201136 2025-003
    Material Weakness Repeat
  • 1201137 2025-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.044 TRIO TALENT SEARCH $647,024
93.569 COMMUNITY SERVICES BLOCK GRANT $439,098
10.558 CHILD AND ADULT CARE FOOD PROGRAM $331,421
93.600 HEAD START $239,134
93.045 SPECIAL PROGRAMS FOR THE AGING, TITLE III, PART C, NUTRITION SERVICES $146,404
84.002 ADULT EDUCATION - BASIC GRANTS TO STATES $144,137
93.667 SOCIAL SERVICES BLOCK GRANT $93,512
45.024 PROMOTION OF THE ARTS GRANTS TO ORGANIZATIONS AND INDIVIDUALS $40,000
93.575 CHILD CARE AND DEVELOPMENT BLOCK GRANT $21,285
93.053 NUTRITION SERVICES INCENTIVE PROGRAM $15,217
93.043 SPECIAL PROGRAMS FOR THE AGING, TITLE III, PART D, DISEASE PREVENTION AND HEALTH PROMOTION SERVICES $3,682