Finding 1228244 (2025-006)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-08-28
Audit: 409989
Organization: Talentfirst, Inc. (MI)

AI Summary

  • Core Issue: The organization failed to accurately prepare the Schedule of Expenditures of Federal Awards (SEFA), leading to reporting errors for federal grants.
  • Impacted Requirements: Compliance with 2 CFR 200.510(b) was not met, as the SEFA did not reflect complete and accurate expenditures.
  • Recommended Follow-Up: Enhance procedures and controls to ensure SEFA data is complete and accurate, linking it directly to the grant contract tracker for reconciliation.

Finding Text

#2025-006 – Major Federal Award Finding – Federal Grants Management Nature of Finding: Federal Grants Management – Preparation and Maintenance of Schedule of Expenditures of Federal Awards Compliance Finding and Significant Deficiency in Internal Controls over Compliance This is a repeat of prior year #2024-007. Criteria/Condition: Per 2 CFR 200.510(b), the auditee must prepare a schedule of expenditures of federal awards (SEFA) for the period covered by the auditee’s financial statements, which must include the total federal awards expended, as determined in accordance with §200.502. For SEFA reporting, the components of the SEFA were not accurately maintained. Cause/Context: While the Organization has a policy related to grant administration and tracking of expenditures, the procedures and controls relating to the policy were not properly implemented during 2025 to ensure a complete and accurate auditee-prepared SEFA. Effect: Expenditures for the Coronavirus State and Local Fiscal Recovery Funds grants were not accurately reported on the auditee-prepared SEFA. The SEFA presented has been adjusted for these errors. Controls in place did not sufficiently ensure the completeness and accuracy of the SEFA. Recommendation: We recommend the Organization enhance its procedures and controls to ensure data accumulated to prepare the SEFA is complete and accurate. Views of Responsible Officials and Planned Corrective Actions: Management will tie the preparation of the Schedule of Expenditures of Federal Awards back to the contract tracker used to monitor each grant's period of performance and expenditure activity, ensuring the SEFA is built directly from, and reconciled to, that tracker before submission to the auditor.

Corrective Action Plan

Finding #2025-006 - Federal Grants Management (Schedule of Expenditures of Federal Awards) Corrective Action Planned: Management will tie the preparation of the Schedule of Expenditures of Federal Awards back to the contract tracker used to monitor each grant's period of performance and expenditure activity, ensuring the SEFA is built directly from, and reconciled to, that tracker before submission to the auditor. Anticipated Completion Date: Beginning with the Schedule of Expenditures of Federal Awards for the year ended December 31, 2026. Responsible Party: Finance Manager, with oversight by the President.

Categories

Reporting

Other Findings in this Audit

  • 1228233 2025-003
    Material Weakness Repeat
  • 1228234 2025-004
    Material Weakness Repeat
  • 1228235 2025-005
    Material Weakness Repeat
  • 1228236 2025-006
    Material Weakness Repeat
  • 1228237 2025-003
    Material Weakness Repeat
  • 1228238 2025-004
    Material Weakness Repeat
  • 1228239 2025-005
    Material Weakness Repeat
  • 1228240 2025-006
    Material Weakness Repeat
  • 1228241 2025-003
    Material Weakness Repeat
  • 1228242 2025-004
    Material Weakness Repeat
  • 1228243 2025-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $107,909