Finding 374365 (2023-003)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-07

AI Summary

  • Core Issue: The Hospital failed to account for year-end audit adjustments when reporting lost revenue for Period 4, leading to inaccuracies in financial reporting.
  • Impacted Requirements: This situation violates 2 CFR 200.303(a), which mandates effective internal controls over federal awards to ensure compliance.
  • Recommended Follow-Up: Strengthen internal controls for calculating quarterly lost revenue to prevent future inaccuracies and ensure compliance with federal reporting standards.

Finding Text

Department of Health and Human Services Federal Financial Assistance Listing #93.498 COVID-19 Provider Relief Fund and American Rescue Plan Applicable Federal Award Number and Year – Period 4 TIN #860107344 Reporting Material Weakness in Internal Control Over Compliance and Material Noncompliance Criteria: 2 CFR 200.303(a) establishes that the auditee must establish and maintain effective internal control over the federal award that provides assurance that the entity is managing the federal award in compliance with federal statutes, regulations, and conditions of the federal award. Condition: The Hospital did not consider the impact of the year-end audit adjustments on the quarters applicable to Period 4 when reporting lost revenue. Cause: The established internal controls did not consider the effect of the year-end audit adjustments by quarter for Period 4 to ensure accurate quarterly reporting of net patient revenue. Effect: The lack of adequate policies governing report preparation and submission increases the risk that the report could be filed incorrectly. Questioned Costs: None reported relating to Period 4 as eligible expenditures and lost revenues exceeded Period 4 funds received. However, future amounts eligible for lost revenues is overstated by $63,347 on the Period 4 report. Context: There are 16 key line items related to lost revenue which were tested on the Period 4 Department of Health and Human Services special report. 4 of the 16 key line items did not actually represent net patient service revenue. Repeat Finding from Prior Years: Yes, prior year finding 2022-003 Recommendation: We recommend that the Hospital strengthen the control process relating to calculating quarterly lost revenue under the federal program. Views of Responsible Officials: Management agrees with the finding.

Corrective Action Plan

Finding 2023-003 Federal Agency Name: Department of Health and Human Services Program Name: COVID-19 Provider Relief Fund and American Rescue Plan Federal Financial Assistance Listing #93.498 Compliance Requirement: Reporting Finding Summary: The Hospital did not consider the impact of the year-end audit adjustments on the quarters applicable to Period 4 when reporting lost revenue. Responsible Individuals: John J Dempsey, Chief Executive Officer, Lona King, Chief Financial Officer Corrective Action Plan: Management will strengthen the control process relating to calculating quarterly lost revenue under the federal program. Anticipated Completion Date: March 31, 2024

Categories

Material Weakness Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 374366 2023-004
    Material Weakness
  • 374367 2023-005
    Material Weakness
  • 374368 2023-006
    -
  • 950807 2023-003
    Material Weakness Repeat
  • 950808 2023-004
    Material Weakness
  • 950809 2023-005
    Material Weakness
  • 950810 2023-006
    -

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $3.88M
93.498 Provider Relief Fund $2.07M