Finding Text
Information on the federal program: Community Development Block Grant, CFDA #14.218, Grant Period 1/1/25 - 12/31/25 Compliance/Internal Control over Compliance: Reporting Criteria or specific requirement: The grantee must file the IDISC04PR29 Cash on Hand quarterly report on a timely basis. This report must be in agreement with the grantees reconciled cash balances. Condition: The Township’s IDISC04PR29 Cash on Hand Quarterly reports did not agree to the reconciled cash balances in the Community Development Trust Fund. Questioned costs: Undetermined Context: During the course of our audit, we noted that not all submitted Cash on Hand Quarterly reports agreed to the reconciled cash balances of the Townships CDBG Bank Account. Effect: The Township is not in compliance with federal requirements regarding the reporting of cash on hand per the Compliance Supplement. Cause: The Township of Bloomfield is misreporting the applicable Cash on Hand. Recommendation: The Township takes more care to ensure that they are reporting the correct cash on hand balances. Management’s response: The Township of Bloomfield should establish policies to ensure that complete and accurate Cash on Hand reporting occurs.