Finding 1236705 (2024-002)

Material Weakness Repeat Finding
Requirement
A
Questioned Costs
-
Year
2024
Accepted
2026-09-25

AI Summary

  • Core Issue: $54,799 in expenditures were claimed for reimbursement twice, leading to questioned costs and noncompliance with federal requirements.
  • Impacted Requirements: Compliance with 2 CFR 200.403 and 200.405 regarding allowable and allocable costs.
  • Recommended Follow-Up: Strengthen internal controls by implementing a tracking log, independent reviews, and a system to prevent duplicate claims before submission.

Finding Text

Federal Program Information: Assistance Listing Number (ALN): 14.251 Federal Program Name: Economic Development Initiative, Community Project Funding, and Miscellaneous Grants Federal Agency: U.S. Department of Housing and Urban Development Passed-through Entity: Not applicable Federal Award Number: B-23-CP-CA-0189 Federal Award Year: 12/29/2022 - 8/31/2031 Compliance Requirement: Activities Allowed or Unallowed and Allowable Costs/Cost Principles Criteria or Specific Requirements: Pursuant to 2 CFR 200.403, Factors affecting allowability, and 200.405, Allocable costs, costs charged to a federal award must be allowable and allocable generally. A cost is allocable to a federal award or other cost objective if the cost is assignable to that federal award or other cost objective in accordance with the relative benefits received. A cost may not be claimed for reimbursement multiple times under the same or different funding sources. Condition: During our audit, we noted that certain expenditures totaling $54,799 were claimed for reimbursement twice. Questioned Costs: $54,799 Cause: LYRIC did not have adequate review and monitoring procedures in place to verify that expenditures included in reimbursement requests had not been previously claimed and reimbursed. Effect: Federal funds were overdrawn, resulting in questioned costs and noncompliance with federal requirements. Recommendation: We recommend that management strengthen internal controls over the reimbursement process to ensure that expenditures charged to federal awards are reviewed for accuracy, completeness, and not duplicated prior to submission. Controls should include maintaining a detailed tracking log of all reimbursement requests, performing independent reviews and reconciliations of claims to supporting documentation, and implementing a system or procedures to detect and prevent duplicate reimbursement requests. Views of Responsible Officials and Planned Corrective Actions: Management agrees with this finding and treats accurate reimbursement of federal funds as a serious obligation. LYRIC will implement the following corrective actions: (1) create and maintain a detailed reimbursement tracking log recording each submitted draw by expense date, vendor, amount, and draw number, to be updated at the time of every submission; (2) require a second staff member to perform an independent review of each reimbursement request against the tracking log and general ledger prior to submission, specifically to identify potential duplicate charges or wrong coding of expenses; (3) work with HUD to address the $54,799 in duplicated amount to offset other legitimate expenses; and (4) explore whether LYRIC's accounting system can be configured to flag expenditures already coded to a prior reimbursement request, adding a system-level check to the manual review process. Responsible Official and Position: Ana Rubio, Director of Finance, and Laura Chavez, Contracts Manager Expected Implementation Date: July 1, 2026

Corrective Action Plan

Views of Responsible Officials and Planned Corrective Actions: Management agrees with this finding and treats accurate reimbursement of federal funds as a serious obligation. LYRIC will implement the following corrective actions: (1) create and maintain a detailed reimbursement tracking log recording each submitted draw by expense date, vendor, amount, and draw number, to be updated at the time of every submission; (2) require a second staff member to perform an independent review of each reimbursement request against the tracking log and general ledger prior to submission, specifically to identify potential duplicate charges or wrong coding of expenses; (3) work with HUD to address the $54,799 in duplicated amount to offset other legitimate expenses; and (4) explore whether LYRIC's accounting system can be configured to flag expenditures already coded to a prior reimbursement request, adding a system-level check to the manual review process. Responsible Official and Position: Ana Rubio, Director of Finance, and Laura Chavez, Contracts Manager Expected Implementation Date: July 1, 2026

Categories

Allowable Costs / Cost Principles

Other Findings in this Audit

  • 1236704 2024-001
    Material Weakness Repeat
  • 1236706 2024-003
    Material Weakness Repeat
  • 1236707 2024-004
    Material Weakness Repeat
  • 1236708 2024-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.251 ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS $1.81M