Finding 1221618 (2025-004)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
-
Year
2025
Accepted
2026-06-30

AI Summary

  • Core Issue: The Organization failed to submit reimbursement requests on time, with 4 out of 18 requests submitted after the deadline.
  • Impacted Requirements: This noncompliance violates the terms of ALN 66.424 and ALN 66.446, which require timely submission of reimbursement requests.
  • Recommended Follow-Up: Establish clear procedures for preparing and submitting requests, including a compliance calendar and regular monitoring to ensure deadlines are met.

Finding Text

Criteria or Specific Requirements: In accordance with the terms and conditions of ALN 66.424 and ALN 66.446, reimbursement requests are required to be submitted by the 10th day of the month following the month in which expenditures were incurred. Effective internal controls should be designed and implemented to ensure reimbursement requests are prepared, reviewed, and submitted within the required timeframe. Condition: During testing of cash management compliance for ALN 66.424 and ALN 66.446, it was noted that the Organization did not have effective controls in place to ensure reimbursement requests subject to the agreement requirements were consistently submitted by the required deadline. Of 18 reimbursement requests tested that were required to be submitted by the 10th day of the following month, four reimbursement requests were submitted after the required deadline. Cause: The Organization had not established internal controls to ensure reimbursement requests were submitted in accordance with grant-specific reimbursement deadlines. Specifically, the Organization did not have procedures in place to monitor reimbursement due dates or ensure reimbursement requests were prepared and submitted by the required deadline. Effect: Failure to submit reimbursement requests within the required timeframe results in noncompliance with the cash management requirements established by the grant agreements. Untimely reimbursement requests may delay the receipt of federal funds and increase the risk that grant requirements are not met. Questioned Costs: Questioned costs were not identified. Perspective information: During testing of cash management compliance, 22 reimbursement requests were tested across multiple awards. Of the 22 reimbursement requests tested, 18 were subject to subrecipient agreement requirements requiring submission by the 10th day of the following month. Four of the 18 reimbursement requests subject to this requirement were submitted after the required deadline. Repeat Finding: None. Recommendations: We recommend that management establish and document procedures to ensure reimbursement requests are prepared, reviewed, and submitted by the required deadline. Such procedures should include maintaining a grant compliance calendar identifying submission due dates, assigning responsibility for preparation and review, implementing supervisory review prior to submission, and retaining documentation evidencing timely submission. Management should also periodically monitor compliance with reimbursement deadlines to ensure controls are operating effectively.

Corrective Action Plan

• Management Response - Management concurs with the finding and recognizes the importance of strengthening controls over revenue recognition for conditional grants and contributions. SERCAP will implement the following corrective actions: Develop and implement a standardized Grant Revenue Recognition Checklist for all new grant awards to identify conditional barriers, allowable costs, reporting requirements, and revenue recognition criteria. Maintain a centralized grant tracking schedule that identifies grant conditions, expenditures incurred, revenue recognized, refundable advances, and remaining deferred revenue. Perform monthly reconciliations between grant schedules and the general ledger. Implement a documented two-level review process whereby the preparer completes the reconciliation and a supervisory reviewer verifies the accuracy and completeness before month-end close. Provide additional training to finance and program management staff regarding ASC 958 revenue recognition requirements for conditional contributions. Update internal accounting procedures to document the review and approval process for recognizing grant revenue. These procedures will be incorporated into the monthly financial close process and monitored throughout FY2026. SERCAP has hired new staff for capacity and support • Contact Person: Charles Denny, Jr. - Finance & Operations • Contact Person: Beth Pusha - Loan Fund • Contact Phone Number: 540-345-1184 • Expected Completion Date: September 30, 2026

Categories

Cash Management Subrecipient Monitoring Reporting

Other Findings in this Audit

  • 1221613 2025-005
    Material Weakness Repeat
  • 1221614 2025-005
    Material Weakness Repeat
  • 1221615 2025-005
    Material Weakness Repeat
  • 1221616 2025-004
    Material Weakness Repeat
  • 1221617 2025-005
    Material Weakness Repeat
  • 1221619 2025-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.761 WATER AND WASTE TECHNICAL ASSISTANCE AND TRAINING GRANTS $1.60M
66.424 SURVEYS, STUDIES, INVESTIGATIONS, DEMONSTRATIONS, AND TRAINING GRANTS - SECTION 1442 OF THE SAFE DRINKING WATER ACT $1.52M
66.446 TECHNICAL ASSISTANCE FOR TREATMENT WORKS (CLEAN WATER ACT [CWA] SECTION 104(B)(8)) $567,337
10.862 RURAL DECENTRALIZED WATER SYSTEMS GRANT PROGRAM $350,376
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $245,632
10.767 INTERMEDIARY RELENDING PROGRAM $212,106
66.436 SURVEYS, STUDIES, INVESTIGATIONS, DEMONSTRATIONS, AND TRAINING GRANTS AND COOPERATIVE AGREEMENTS - SECTION 104(B)(3) OF THE CLEAN WATER ACT $208,429
93.569 COMMUNITY SERVICES BLOCK GRANT $191,276
66.203 SCIENCE TO ACHIEVE RESULTS (STAR) RESEARCH PROGRAM $181,588
14.169 HOUSING COUNSELING ASSISTANCE PROGRAM $137,345
10.762 SOLID WASTE MANAGEMENT GRANTS $132,000
66.468 DRINKING WATER STATE REVOLVING FUND $96,993
10.854 RURAL ECONOMIC DEVELOPMENT LOANS AND GRANTS $95,422
21.020 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM $92,060
66.203 ENVIRONMENTAL FINANCE CENTER GRANTS $91,882
93.570 COMMUNITY SERVICES BLOCK GRANT DISCRETIONARY AWARDS $51,077
10.446 RURAL COMMUNITY DEVELOPMENT INITIATIVE $31,313
66.443 REDUCING LEAD IN DRINKING WATER (SDWA 1459B) $24,031
66.509 SCIENCE TO ACHIEVE RESULTS (STAR) RESEARCH PROGRAM $22,031
10.351 RURAL BUSINESS DEVELOPMENT GRANT $21,943
14.218 COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS $20,674
10.766 COMMUNITY FACILITIES LOANS AND GRANTS $10,441
10.727 INFLATION REDUCTION ACT URBAN & COMMUNITY FORESTRY PROGRAM $353