Finding Text
Finding #2022-002 Type: Significant Deficiency over Schedule of Expenditures of Federal Awards (SEFA) Criteria/Requirement The Organization is required to clearly identify and track federal expenditures in accordance with 2 CFR 200.302. Condition/Context During the year, the Organization experienced significant turnover in their Finance Department. The Organization did not identify all federal awards accurately and timely to include in the SEFA. 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 procedures and controls to accurately capture all activity under federal awards during the year to be able to prepare a complete and accurate the SEFA. Management?s Response We concur with the audit findings and recommendations for the defined period and have pre-emptively been on a path to remedy these problems. OSF is currently redesigning key components of its accounting system to clearly identify federal expenditures with minimal adjustments. Implementation of these changes will occur before the end of the current fiscal year.