Finding Text
2018-005 Inadequate Grant Recordkeeping Condition: The County receives numerous grants that require detailed reporting of income and expenses. The controls and procedures relative to accumulating information, allocating expenses, and preparing reports and financial statements is insufficient to accurately comply with reporting requirements, specifically the Schedule of Expenditures of Federal Awards and reconciling financial records to the Consolidated Year End Financial Report. The County needs to be continually monitoring grant spending and have a better understanding of their reporting requirements and also needs to implement a process of accounting for grants that produces accurate information that can be used to complete the required reports without a significant amount of effort. This includes having a complete list of grants for the entire County as a whole and monitoring that the grants have been spent correctly. Current Status: Currently a finding.