FAC Explorer

Finding 2406 (2022-004)

Significant Deficiency
Requirement
A
Questioned Costs
-
Year
2022
Accepted
2023-11-27
Audit: 4134
Organization: Town of Liberty (NC)
Auditor: Thompson Price Scott Adams & CO PA

AI Summary

  • Issue: The Town failed to follow the cash management policy outlined in the grant agreement.
  • Trend: This non-compliance could lead to future funding challenges or penalties.
  • Recommendation: Review and reinforce cash management practices to ensure alignment with grant requirements.

Finding Text

The Town did not adhere to the grant agreement cash management policy

Corrective Action Plan

The Town should implement internal controls to safeguard against these types of policies to ensure that they are not repeat or future findings.

Categories

Cash Management

Other Findings in this Audit

  • 578848 2022-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.228 U.s. Dept. of Housing and Urban Development $1.14M
21.027 U.s. Dept. of Treasur $110,763
66.458 U.s. Environmental Protection Agency $96,000