Finding Text
Finding 2022-003 ? Significant Deficiency Assistance Listing: 21.027 ? Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) Federal Grantor: Department of the Treasury Compliance Requirement: Reporting Condition: The Project and Expenditure Reports were not filed. Criteria: The Subrecipient Agreement between the City of Elk Grove and the District. Section 10 states Subrecipient shall comply with any applicable reporting obligations established by the Department of the Treasury as they relate to this Agreement. Department of Treasury Compliance and Reporting Guidance for CSLFRF, Part 2, Section B outlines reporting requirements. Reports on projects funded, expenditures, and contracts and subawards equal to or greater than $50,000, and other information are required annually for recipients serving populations under 250,000 and receiving less than $10 million in CSLFRF funding. Cause: The District believed that as a subrecipient of funds the funding provider would prepare and file the required reporting. Effect: Treasury may impose additional conditions on the receipt of a subsequent tranche of future award funds, if any, or take other available remedies as set forth in 2 C.F.R. ? 200.339. Recommendation: We recommend the District file the initial Project and Expenditures Report for the period covering March 3, 2021 to March 31,2022 as soon as possible. Subsequent annual reports should be filed by the April 30, 2023 deadline. Views of Responsible Officials and Planned Corrective Actions: Management?s response and planned corrective action is included in the Corrective Action Plan included at the end of the report.