Finding Text
Finding 2024-003: Reporting, Head Start Cluster AL# 93.600 Criteria: Pursuant to 45 CFR part 75 section 302, the Organization is required to ensure all reports display accurate information. Condition: As a result of testing, receipts and expenses were overstated for the year. Cause: The Organization did not accurately record receipts and expenses. Effect or Potential Effect: The internal controls over reporting are not operating effectively. The Organization is not in compliance with reporting requirements. Questioned Costs: Unknown Recommendations: The Organization should implement procedures to ensure all filed reports are reconciled to the Organization’s general ledger. Management Response: Management agrees with this finding, and in the future will implement reconciliation procedures.