Finding Text
Finding 2023 – 002: Grant Policy Condition: Previously and during our current year-end audit procedures, we noted that the Village does not have a formalized Grant Policy that documents their grant procedures. Any department within the Village may apply for, and be awarded, grant funding from a variety of State and Federal sources. Criteria: A Grant Policy should document the procedures in place for ensuring grant requirements are being monitored for Single Audit & Grant Accountability Transparency Act (GATA). The formalized policy will help ensure that each department will follow these procedures and safeguard against the Village not being in compliance. Cause: A uniform set of policies and procedures for handling grant activities is lacking, creating contrasting ways of processing, and tracking grants in each department. Effect: Grant compliance with federal grants received in the year cannot be assured when tracking and monitoring grant activity is not clearly delineated. Recommendation: We recommend the Village develop specific policy and procedures for tracking and monitoring grant activities and to clearly delineate responsibility for monitoring compliance with applicable requirements. Corrective Action Plan: Management acknowledges this finding and will work to correct it in the coming year.