Finding Text
FINDING 2023-001 - CONTROLS OVER PERIOD OF PERFORMANCE Federal Program: 36.XXX - United States Holocaust Museum and Memorial Holocaust Museum Traveling Exhibition
Criteria: The Federal Agency requires that expenditures charged to federal awards must occur in the covered budgetary period, for the year ended August 31, 2023.
Condition: During our testing of the 36.XXX program, we noted one sample item that was a September 2023 invoice incorrectly accrued as of fiscal year end.
Cause: The individuals responsible for processing this invoice did not record the expenditure in the proper period.
Effect: The expenditure was charged to the wrong period.
Questioned Costs: None
Recommendation: We recommend that the Association implement internal controls and procedures to ensure expenditures are recorded in the proper period.
Management's Response: During the fiscal year end closing process, invoices will be closely examined to determine proper cut-off procedures are applied and invoices will be matched and recorded in the period that
the service is performed and/or the goods are received. In addition, education will be strengthened for Grant Principal Investigators to aid in the determination of recording invoices in the correct fiscal year.