FAC Explorer

Finding 1213997 (2024-003)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2026-05-07
Audit: 400867
Organization: City of Pickens (SC)
Auditor: GREENE FINNEY CAULEY LLP

AI Summary

  • Core Issue: The City submitted its compliance report on time, but the data did not match its financial records.
  • Impacted Requirements: The City needs better internal controls to ensure compliance with grant reporting and accurate reconciliation with the general ledger.
  • Recommended Follow-Up: Strengthen internal controls for grants and ensure all reports are reconciled with the City’s financial records.

Finding Text

CONDITION: The City filed its compliance report by the due date for the 2024 Coronavirus State and Local Fiscal Recovery Funds reporting requirement but the information provided did not agree to the City’s financial records. CRITERIA: The City should have adequate internal controls in place to ensure that compliance requirements are met for all grants received and the amounts reported reconcile to the City’s general ledger. CONTEXT, CAUSE, AND EFFECT: The City has undergone significant staffing changes and submitted its Coronavirus State and Local Fiscal Recovery Funds compliance report without reconciling the amount to the City’s general ledger. RECOMMENDATION: We would recommend that the City strengthen its internal controls related to grants to ensure all grant compliance requirements have been met for each grant received and that grant reporting documents are reconciled to the City’s general ledger. RESPONSE: The City agrees with this finding and will adhere to the corrective action plan on page 71 in this audit report.

Corrective Action Plan

CONTACT PERSON: Mandy Hess, Finance Director, mhess@pickenscity.com CORRECTIVE ACTION: The City has implemented procedures to ensure that amounts reported for grant reporting amounts are accurate and are consistent with the City’s general ledger. PROPOSED COMPLETION DATE: December 31, 2026

Categories

Reporting Internal Control / Segregation of Duties

Programs in Audit

ALN Program Name Expenditures
21.027 COVID-19 - CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $4.51M