Finding 1225611 (2024-002)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
-
Year
2024
Accepted
2026-08-04

AI Summary

  • Core Issue: Invoices for cash management were submitted without proper approvals, indicating a material weakness in internal controls.
  • Impacted Requirements: Accurate invoicing is essential to prevent misstatements in financial statements and ensure compliance with federal funding regulations.
  • Recommended Follow-Up: Management should implement a process to ensure all invoices are reviewed and approved prior to submission.

Finding Text

Federal Agency: U.S. Department of Health and Human Services Federal Program Name: Foster Care Title IV-E & Stephanie Tubbs Jones Child Welfare Services Program Assistance Listing Numbers: 93.658 & 93.645 Federal Award Identification Number and Year: 2220016-02 (2024) & 2220017-02 (2024) Award Period: July 1, 2023 through June 30, 2024 Type of Finding: Material Weakness in Internal Control over Compliance- Cash Management Criteria: Accurate invoices need to be prepared using actual expenses incurred, reviewed, and submitted to funders. This process is vital in order to accurately state the Organization's revenue internal control to ensure there are no material misstatements contained within the financial statements. Condition: During our testing of cash management invoices, it was noted that invoices were not being approved before submission. Context: It was noted through testing of cash management invoices that all invoices tested did not have proper approvals before submission. Cause: Lack of internal control processes. Effect: Lack of review and approval of invoices before submission can lead to misstatements in the financial statements and incorrect use of federal awards. Repeat Finding: Yes Recommendation: We recommend that management ensure that all invoices are reviewed and approved before submission. Views of Responsible Officials: Please refer to NET Treatment Services, Inc., dba: NET Community Care’s Corrective Action Plan.

Corrective Action Plan

Type of Finding: Material Weakness in Internal Controls over Compliance- Cash Management Recommendation: We recommend that management ensure that all invoices are reviewed and approved before submission. Explanation of Disagreement with Audit Finding: There is no disagreement with the audit finding. Action taken in response to finding: Management has implemented a policy which requires each drawdown to be reviewed and to be based only on expenses incurred for the period, prohibiting the use of a straight-line calculation to draw down funds. Invoices are also approved by the CFO or CEO prior to submission. Name of the contact person responsible for corrective action: Regan Kelly, CEO of Net Treatment Services, Inc. dba: NET Community Care (215) 451-7000 Planned completion date for corrective action plan: December 31, 2026.

Categories

Internal Control / Segregation of Duties Student Financial Aid Cash Management HUD Housing Programs Material Weakness

Other Findings in this Audit

  • 1225608 2024-002
    Material Weakness Repeat
  • 1225609 2024-002
    Material Weakness Repeat
  • 1225610 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
93.658 FOSTER CARE TITLE IV-E $3.06M
93.645 STEPHANIE TUBBS JONES CHILD WELFARE SERVICES PROGRAM $198,294