FAC Explorer

Finding 12256 (2022-002)

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Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-29
Audit: 16508
Organization: Town of Holliston, Massachusetts (MA)
Auditor: Roselli Clark & Associates

AI Summary

  • Core Issue: The Town underreported federal expenditures by $211,064 due to a lack of reconciliation between reports and the general ledger.
  • Impacted Requirements: Compliance with 2 CFR section 200.328, which mandates accurate reporting of program outlays and income.
  • Recommended Follow-Up: The Town should establish procedures to ensure financial information is reconciled before submitting reports.

Finding Text

2022-002 U.S. Department of the Treasury COVID-19 ? Coronavirus State and Local Fiscal Recovery Funds ? CFDA 21.027 Criteria: Per 2 CFR section 200.328 of the Uniform Guidance, each recipient must report program outlays and program income on a cash or accrual basis, as prescribed by the federal awarding agency. Condition: As of the March 31, 2022, reporting date, the Town underreported federal expenditures by $211,064. Cause: The Town did not reconcile the Project and Expenditure report with the Town?s general ledger before submitting. Effect: The Town did not properly report grant expenditures in the Project and Expenditure report. Questioned Costs: None Repeat Finding from Prior Year: No Recommendation: The Town should implement procedures to reconcile the financial information in the Project and Expenditure reports to the Town?s general ledger before submission. Views of Responsible Official: Management agrees with the finding.

Corrective Action Plan

Finding 2022-002 Condition: As of the March 31, 2022, reporting date, the Town underreported federal expenditures by $211,064. Corrective Action Plan: The Emergency Management Director will confirm with the Finance Director the ARPA expenditures being submitted to Treasury on the annual Project and Expenditure Report, and reconcile with expenses listed in all applicable MUNIS accounts. Anticipated Completion Date: 4/30/2023 Contact Information: Chief Michael Cassidy, Emergency Management Director cassidym@holliston.k12.ma.us Chris Heymanns, Finance Director ? Treasurer/Collector heymannsc@holliston.k12.ma.us

Categories

Reporting Program Income

Other Findings in this Audit

  • 12252 2022-001
    Significant Deficiency
  • 12253 2022-001
    Significant Deficiency
  • 12254 2022-001
    Significant Deficiency
  • 12255 2022-001
    Significant Deficiency
  • 588694 2022-001
    Significant Deficiency
  • 588695 2022-001
    Significant Deficiency
  • 588696 2022-001
    Significant Deficiency
  • 588697 2022-001
    Significant Deficiency
  • 588698 2022-002
    -

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.27M
10.553 School Breakfast Program $104,469
10.555 National School Lunch Program $99,382
21.019 Coronavirus Relief Fund $72,029
84.027 Special Education_grants to States $39,567
84.010 Title I Grants to Local Educational Agencies $27,334
84.425 Education Stabilization Fund $21,525
84.424 Student Support and Academic Enrichment Program $10,000
84.173 Special Education_preschool Grants $8,618
10.649 Pandemic Ebt Administrative Costs $2,456
20.600 State and Community Highway Safety $2,453
20.616 National Priority Safety Programs $2,204
84.367 Improving Teacher Quality State Grants $1,158
84.365 English Language Acquisition State Grants $928