FAC Explorer

Finding 372216 (2022-003)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2024-03-05
Audit: 293523
Organization: Fayetteville Urban Ministry, Inc. (NC)
Auditor: Langdon & Company LLP

AI Summary

  • Answer: There are gaps in the controls for managing inventory and in-kind contributions, leading to potential inaccuracies.
  • Trend: Recent audits show a consistent pattern of discrepancies in inventory records and reporting of in-kind contributions.
  • List: Review and strengthen inventory management policies, implement regular audits, and provide training for staff on proper documentation practices.

Finding Text

Controls over Inventory and In-Kind Contributions and Related Policies

Corrective Action Plan

Management will review its current controls surrounding the inventory and in-kind process and formalize policies and procedures as needed to improve this function.

Categories

Equipment & Real Property Management

Other Findings in this Audit

  • 372214 2022-001
    Material Weakness Repeat
  • 372215 2022-002
    Material Weakness
  • 372217 2022-004
    Material Weakness Repeat
  • 372218 2022-005
    Material Weakness
  • 372219 2022-006
    Significant Deficiency
  • 372220 2022-001
    Material Weakness Repeat
  • 372221 2022-002
    Material Weakness
  • 372222 2022-003
    Material Weakness
  • 372223 2022-004
    Material Weakness Repeat
  • 372224 2022-005
    Material Weakness
  • 372225 2022-006
    Significant Deficiency
  • 948656 2022-001
    Material Weakness Repeat
  • 948657 2022-002
    Material Weakness
  • 948658 2022-003
    Material Weakness
  • 948659 2022-004
    Material Weakness Repeat
  • 948660 2022-005
    Material Weakness
  • 948661 2022-006
    Significant Deficiency
  • 948662 2022-001
    Material Weakness Repeat
  • 948663 2022-002
    Material Weakness
  • 948664 2022-003
    Material Weakness
  • 948665 2022-004
    Material Weakness Repeat
  • 948666 2022-005
    Material Weakness
  • 948667 2022-006
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
16.575 Crime Victim Assistance $129,669
14.231 Emergency Solutions Grant Program $104,107
84.002 Adult Education - Basic Grants to States $76,409
21.023 Emergency Rental Assistance Program $40,000
97.024 Emergency Food and Shelter National Board Program $33,484
14.218 Community Development Block Grants/entitlement Grants $20,000
93.052 National Family Caregiver Support, Title Iii, Part E $5,554