FAC Explorer

Finding 372236 (2023-003)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-05
Audit: 293529
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

  • 372234 2023-001
    Material Weakness Repeat
  • 372235 2023-002
    Material Weakness Repeat
  • 372237 2023-004
    Material Weakness Repeat
  • 372238 2023-005
    Material Weakness Repeat
  • 372239 2023-001
    Material Weakness Repeat
  • 372240 2023-002
    Material Weakness Repeat
  • 372241 2023-003
    Material Weakness Repeat
  • 372242 2023-004
    Material Weakness Repeat
  • 372243 2023-005
    Material Weakness Repeat
  • 948676 2023-001
    Material Weakness Repeat
  • 948677 2023-002
    Material Weakness Repeat
  • 948678 2023-003
    Material Weakness Repeat
  • 948679 2023-004
    Material Weakness Repeat
  • 948680 2023-005
    Material Weakness Repeat
  • 948681 2023-001
    Material Weakness Repeat
  • 948682 2023-002
    Material Weakness Repeat
  • 948683 2023-003
    Material Weakness Repeat
  • 948684 2023-004
    Material Weakness Repeat
  • 948685 2023-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
16.575 Crime Victim Assistance $196,176
21.023 Emergency Rental Assistance Program $133,284
21.027 Coronavirus State and Local Fiscal Recovery Funds $90,211
84.002 Adult Education - Basic Grants to States $52,798
97.024 Emergency Food and Shelter National Board Program $47,931
14.218 Community Development Block Grants/entitlement Grants $12,000
14.231 Emergency Solutions Grant Program $10,327