Finding Text
Program Governance
Fiscal year finding initially occurred: 2022
CONDITION: Bossier Office of Community Services, Inc. failed to provide monthly
financial statements to its Board of Directors for the March 17, 2022 and May 19,
2022 bimonthly meetings.
CRITERIA: Section 642(d)(2)(A) of the Head Start Act requires agencies to provide
monthly financial statements to its Board of Directors
CAUSE: The processing and preparation of monthly financial statements was delayed
as a result of significant financial management staff turnover during the first quarter of
FY 22.
EFFECT: The Board of Directors of Bossier Office of Community Services, Inc. may
not have the complete and accurate financial information needed to make informed
operational decisions.
RECOMMENDATION: Management should consider alternatives for preparing and
reviewing monthly financial reports in the event financial management staff are
unavailable in the future to perform these duties in a timely manner.