FAC Explorer

Finding 336 (2022-006)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-10-17
Audit: 676
Organization: Economic Development Bank for Puerto Rico (PR)
Auditor: Landa Umpierre Psc

AI Summary

  • Core Issue: One grant (2% of the sample) had an Environmental Review Report signed after the grant agreement date.
  • Impacted Requirements: This finding indicates a potential non-compliance with the environmental review requirements.
  • Recommended Follow-Up: Review grant processes to ensure all environmental reviews are completed before signing grant agreements.

Finding Text

From a total of 1,484 SBF Program Recovery Grants (the grants) awarded to business applicants during the year ended June 30, 2022, in the amount of $64,654,049, we selected a sample of sixty-six (66) grants awarded, in the total amount of $2,839,563, to verify compliance with environmental reviews requirements and noted that in one (1) case, representing 2% of the sample, the Environmental Review Report was signed by the Business Applicant after the Grant Award Agreement’s date.

Corrective Action Plan

The Environmental Review (ER) is a document required by the federal government. However, the SRA signed on March 22, 2020, Exhibit A - Scope of Work, did not designate a role in terms of the ER to the Bank. It was with the signing of amendment A to the SRA on May 3, 2021, assigned a limited responsibility to the EDB for the ER. As indicated in the Single Audit report, the EDB only needs to obtain the required information.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 332 2022-002
    Material Weakness Repeat
  • 333 2022-003
    Material Weakness
  • 334 2022-004
    Material Weakness
  • 335 2022-005
    Material Weakness Repeat
  • 337 2022-007
    Significant Deficiency Repeat
  • 576774 2022-002
    Material Weakness Repeat
  • 576775 2022-003
    Material Weakness
  • 576776 2022-004
    Material Weakness
  • 576777 2022-005
    Material Weakness Repeat
  • 576778 2022-006
    - Repeat
  • 576779 2022-007
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $67.49M