Finding Text
Type: Federal award, Significant Deficiency over Schedule of Expenditures of Federal Awards (SEFA) CFDA Number: U.S. Department of Transportation 20.513 Enhanced Transit Services Programs Cluster 20.507 Federal Transit Formula Grants Requirement: The Organization should have a process in place to review the schedule of federal expenditures. The schedule of federal awards did not initially identify federal expenditures in accordance with 2 CFR 200.302. Condition/Context: The Organization?s initial schedule of expenditures of federal awards (SEFA) presented for the audit did not identify all federal awards. The SEFA excluded a new award and required adjustments. Effect: Total expenditures by federal funding source may not be properly reported and Uniform Guidance reporting may be inaccurate. Questioned Costs: None. Recommendation: The Organization should implement additional procedures to review the preparation of the SEFA presented for the audit to accurately capture all activity under federal awards. Management?s Response: We agree that the draft SEFA did not initially identify all federal awards. Controls over preparation of the SEFA were not fully complete at the time it was presented to the auditors. We believe the controls would have identified all federal expenditures in accordance with 2 CFR 200.302 if they had been further completed prior to submission to the auditors.