Finding Text
2022-002- Accuracy of Reporting Federal Agency: U.S. Department of Treasury Award Name: Coronavirus State and Local Fiscal Recovery Funds Program Year: 2022 Assistance Listing Number: 21.027 Compliance: Reporting Finding Type: Material weakness in internal controls over compliance. Criteria: Management is responsible for submitting timely, accurate reporting based on the terms of the grant agreement. Condition: During compliance testing, it was noted that required reporting submitted to the pass-through entity were materially misstated. Context: It was noted that reporting submitted to the State in June and December 2022 did not match the expenditures included in the District?s general ledger. Additionally, the reporting included inaccurate invoices. Cause of condition: Changes were made in QuickBooks after the reports were submitted to the State. Effect of Condition: As a result of this condition, the District?s required reporting was misstated. Recommendation: It is recommended that month and year-end reconciliations be performed in a timely manner in order to ensure all expenditures are being properly reflected in the reporting that is submitted.