Finding 28100 (2022-002)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-05-30
Audit: 28712
Auditor: Moss Adams

AI Summary

  • Core Issue: LAJH had significant deficiencies in internal controls over compliance, leading to inaccurate reporting of lost revenues in PRF reports for Periods 2 and 3.
  • Impacted Requirements: Reports did not meet the standards set by 45 CFR 75.342 due to a lack of reconciliation between actual revenues and reported figures.
  • Recommended Follow-Up: Update policies and procedures for federal grant reporting, ensuring independent reviews of reports for accuracy before submission.

Finding Text

FINDING 2022-002 Reporting ? Significant Deficiency in Internal Controls Over Compliance. See Schedule of Findings and Questioned Costs for table. Criteria: LAJH should have appropriate internal controls in place to ensure that reporting requirements are met and amounts utilized in reports are calculated accurately and in accordance with 45 CFR 75.342. Condition/Context: The Period 2 and Period 3 Provider Relief Fund (PRF) reports submitted during the year ended August 31, 2022, were tested. LAJH elected Lost Revenues Option 1 to report lost revenue based on quarterly actuals. Amounts reported for each quarter were not calculated accurately. For each quarter reported, LAJH omitted a portion of the revenue which resulted in the revenue reported to be inaccurate and understated. Cause: Revenue amounts reported were not accurately reconciled to actual revenues as LAJH did not have a process in place to reconcile actual revenues reported on the PRF reports to LAJH?s consolidated financial statements. Effect: Errors were made in reporting quarterly Total Revenue/Net Charges on the Period 2 and Period 3 PRF reports. However, we note there was no impact to total funding received or retained by LAJH due to the error. Independent calculations of the lost revenue utilizing the amounts that should have been reported were performed. Based on calculations, lost revenue exceeded total PRF amounts received in Period 1, Period 2, and Period 3. The total amount of funding recognized on the basis of lost revenue for Period 2 and Period 3 was accurate and the amount reported per the Schedule of Expenditures of Federal Awards was also accurate. Questioned Costs: None. Repeat finding: This is a repeat of finding 2021-006. Recommendation: Policies and procedures over federal grant reporting should be modified to ensure reports are prepared using complete and accurate information. Review controls should be in place by someone other than the preparer of the report to ensure information is accurate prior to submission of the report. Views of responsible officials: We agree with the finding but want to emphasize that the filing of Period 2 and Period 3 PRF reports had already been completed before the issuance of finding 2021-006. Since that time, we have strengthened our review procedures over grant reporting by having the corporate controller review all PRF reports for accuracy and agree amounts to LAJH?s financial statements prior to filing. We have also improved our financial reports to assist with the verification of the report preparer?s work.

Corrective Action Plan

FINDING 2022-002 ? Significant Deficiency in Internal Controls over Compliance Recommendation: Policies and procedures over federal grant reporting should be modified to ensure reports are prepared using complete and accurate information. Review controls should be in place by someone other than the preparer of the report to ensure information is accurate prior to submission of the report. Corrective Action Plan: We have strengthened controls over review procedures over grant reporting by having the corporate controller review all PRF reports for accuracy and agree amounts to LAJH?s financial statements prior to filing. We have also improved our system generated financial reports to assist with the verification of the report preparer?s work. Contact Person Responsible for Corrective Action Plan: Mark C de Baca, Corporate Controller Anticipated Completion of Corrective Action Plan: June 30, 2023

Categories

Reporting HUD Housing Programs Significant Deficiency

Other Findings in this Audit

  • 28101 2022-003
    Significant Deficiency
  • 604542 2022-002
    Significant Deficiency Repeat
  • 604543 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
93.498 Provider Relief Fund $1.02M
84.268 Federal Direct Student Loans $131,374
84.063 Federal Pell Grant Program $45,432
84.425 Education Stabilization Fund $18,891