Finding Text
SA2023-002: Failure to Comply with Reporting Requirements
Assistance Listing Numbers: 21.027
Assistance Listing Title: Coronavirus State and Local Fiscal Recovery Funds
Name of Federal Agency: U.S. Department of Treasury
Criteria:
The grant requires the submitted quarterly reports to be agreed to the City’s accounting records, ensuring
the accuracy and completeness of the reports.
Condition:
On the Project and Expenditure Report for Q2 2023 (April-June), the North Richmond Pump Station total
cumulative expenditures cannot be traced to the City’s accounting records.
Cause:
The City modified the allocation of the funds subsequent to the submission the report.
Context and Effect:
The discrepancy between the report and the accounting record introduces a risk of misrepresentation and
misinterpretation of financial data. The modified use of funds without corresponding adjustments in
accounting records may lead to misunderstandings in the oversight entities.
Recommendation:
We recommend the City update the report timely to reflect the revised allocation of the funds, ensuring the
consistency between the Project and Expenditure Report and the financial records.
Management Response:
The City will address the misalignment by reporting the revised and accurate information in the upcoming
quarterly report.