Finding 12157 (2022-001)

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Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-12-14

AI Summary

  • Core Issue: The Center's financial management policies do not comply with 2 CFR 200 requirements.
  • Impacted Requirements: Written policies are needed as per 2 CFR Sections 200.302.b and 200.305 for entities receiving federal funds.
  • Recommended Follow-Up: Update the financial management policies to align with Uniform Guidance requirements.

Finding Text

Condition: The Center?s written policies and procedures related to financial management do not meet the requirements of 2 CFR 200, Subpart D and Subpart E. Criteria: According to 2 CFR Section 200.302.b and 2 CFR Section 200.305 of the Uniform Guidance, the Center is required to have a written financial management policy. Cause: The Center was unaware of requirements regarding policies and procedures outlined in the Uniform Guidance. Effect: Written policies necessary for non-Federal entities receiving federal funds were not in place. Repeat Finding: No Questioned Costs: None reported Recommendation: We recommend that the Center update their written policies and procedures that meet the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Views of Responsible Officials and Planned Corrective Action: We concur with the auditor?s finding and will update the Center?s written policies and procedures for the Uniform Guidance requirements.

Corrective Action Plan

Contact Person Jolene Palme, Finance Manager Corrective Action Plan We are in the process of updating the Center?s written policies and procedures to include the requirements of the Uniform Guidance. Completion Date Fiscal year end 2023

Categories

Allowable Costs / Cost Principles Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
59.075 Shuttered Venue Operators Grant Program $866,354