Finding Text
U.S. Department of Housing and Urban Development, passed through Barren County Fiscal Court ALN 14.251 – Economic Development Initiative, Community Project Funding, and Miscellaneous Grants Contract No. B-22-CP-KY-0347 (2022) and B-23-CP-KY-0612 (2023) Criteria: 2 CFR 200.303 requires recipients and subrecipients to establish, document, and maintain effective internal controls over Federal awards. Condition: During our audit procedures, we noted there was no process in place to ensure periodic reporting was submitted timely and accurately. Cause: Certain internal controls were not in place to prevent or detect lack of periodic reporting, or inaccurate reporting. Effect: Federal funds could be withheld if periodic reports are not submitted, or are inaccurate. Questioned Costs: None Recommendation: We recommend management implements a review process whereby there is a review control over the submission of period reports. Views of Responsible Officials and Planned Corrective Actions: Management concurs with the finding and as a result, the Authority will implement a review process over required periodic reporting.