FAC Explorer

Finding 1218461 (2023-005)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2026-06-24
Audit: 404750
Organization: Southeast Idaho Council of Governments, INC (ID)
Auditor: DEATON & COMPANY CHARTERED

AI Summary

  • Answer: Annual reports for EDA RLF CARES and USDA IRP programs did not align with general ledger balances.
  • Trend: Discrepancies stemmed from late bank reconciliations and incorrect deposit of loan payments.
  • List: Address internal control weaknesses to reduce risks of financial inaccuracies and ensure compliance with federal regulations.

Finding Text

Condition: During the audit, it was noted that the required annual reports filed for the EDA RLF CARES and USDA IRP loan programs did not match the general ledger balances for these programs. The primary causes of these discrepancies were untimely reconciliation of bank accounts and the deposit of loan payments into incorrect bank accounts. We recognize that these issues represent internal control deficiencies and increase the risk of inaccurate financial reporting and noncompliance with federal requirements.

Corrective Action Plan

SICOG has corrected the reconciliation process and the payment deposit process was updated with a 2-part/person verification, to ensure timely and accurate ledgers and documentation is reconciled before program reports are submitted.

Categories

Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1218454 2023-003
    Material Weakness Repeat
  • 1218455 2023-005
    Material Weakness Repeat
  • 1218456 2023-003
    Material Weakness Repeat
  • 1218457 2023-004
    Material Weakness Repeat
  • 1218458 2023-005
    Material Weakness Repeat
  • 1218459 2023-003
    Material Weakness Repeat
  • 1218460 2023-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $1.24M
93.045 SPECIAL PROGRAMS FOR THE AGING, TITLE III, PART C, NUTRITION SERVICES $855,306
10.767 INTERMEDIARY RELENDING PROGRAM $235,421
93.044 SPECIAL PROGRAMS FOR THE AGING, TITLE III, PART B, GRANTS FOR SUPPORTIVE SERVICES AND SENIOR CENTERS $234,379
93.053 NUTRITION SERVICES INCENTIVE PROGRAM $108,629
11.302 ECONOMIC DEVELOPMENT SUPPORT FOR PLANNING ORGANIZATIONS $90,913
93.052 NATIONAL FAMILY CAREGIVER SUPPORT, TITLE III, PART E $78,949
93.747 ELDER ABUSE PREVENTION INTERVENTIONS PROGRAM $75,663
20.513 ENHANCED MOBILITY OF SENIORS AND INDIVIDUALS WITH DISABILITIES $72,836
93.072 LIFESPAN RESPITE CARE PROGRAM $53,257
93.048 SPECIAL PROGRAMS FOR THE AGING, TITLE IV, AND TITLE II, DISCRETIONARY PROJECTS $21,364
20.205 HIGHWAY PLANNING AND CONSTRUCTION $13,244
93.071 MEDICARE ENROLLMENT ASSISTANCE PROGRAM $8,327
93.043 SPECIAL PROGRAMS FOR THE AGING, TITLE III, PART D, DISEASE PREVENTION AND HEALTH PROMOTION SERVICES $7,864
93.042 SPECIAL PROGRAMS FOR THE AGING, TITLE VII, CHAPTER 2, LONG TERM CARE OMBUDSMAN SERVICES FOR OLDER INDIVIDUALS $5,248
66.818 BROWNFIELDS MULTIPURPOSE, ASSESSMENT, REVOLVING LOAN FUND, AND CLEANUP COOPERATIVE AGREEMENTS $4,118
20.509 FORMULA GRANTS FOR RURAL AREAS AND TRIBAL TRANSIT PROGRAM $764