Finding Text
Finding 2021-007
Program: Office for Coastal Management
Federal Financial Assistance Listing: 11.473
Federal Grantor: U.S. Department of Commerce
Passed-through: National Fish and Wildlife Foundation
Award No. and Year: 0318.19.070225 (2020)
Compliance Requirements: Reporting
Type of Finding: Material Non-Compliance/Material Weakness
Criteria:
2 CFR 200.302(b)(2) - Requirements state that there must be accurate, current, and complete disclosure of the financial results of each Federal award or program in accordance with the reporting requirements set forth in §§ 200.328 and 200.329.
Condition:
Expenditures for one financial report that was selected for testing did not agree with the expenditures that were reported on the SEFA and recorded in the General Ledger (difference of $11,791), based on the dates requested in the report. CFSC did not include known operational expenses for the period that were program costs at the time the report was due, which resulted in underreporting expenditures by $11,791.
Questioned Costs:
No questioned costs were identified as a result of our procedures.
Context/Sampling:
Sampling was not used. We selected all four reports filed during year. The condition noted above was identified during our procedures over CFSC’s reporting provisions.
Repeat Finding from Prior Year:
No
Effect:
CFSC did not include all known expenditures at the time the report was submitted to the National Fish and Wildlife Foundation, increasing the risk of noncompliance.
Cause:
CFSC’s procedures did not consistently ensure that all known expenditures at the time the report was submitted were included.
Recommendation:
We recommend that CFSC modify and strengthen its current policies and procedures to ensure that all known expenditures are included at the time reports are required to be submitted.
Views of Responsible Officials and Planned Corrective Actions:
See Separate Corrective Action Plan.