Finding Text
CDFI Program ? CFDA No. 21.024; Grant Nos. 21RRP057045: Grant period ? December 31, 2022. Condition: The Credit Union incorrectly reported the amount of federal expenditures recognized on the Use of Award Report for the year ended December 31, 2022. Criteria: As outlined in the grant agreement, the use of grant awards for a performance period should be accurately reported to the CDFI via the Use of Award report. Questioned Costs: None Context: The amount reported in the Use of Awards Report was overstated by approximately $51,000. Effect: Use of grant funds as stipulated in the Grant Assistance Agreement may not be met or reported inaccurately. Cause: There was not a control in place to reconcile the actual amount of the grant funds utilized as reflected in the accounting records to the amount reported in the Use of Awards Report.