Finding 408 (2022-004)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-10-20
Audit: 857
Organization: Pioneercare (MN)
Auditor: Eide Bailly LLP

AI Summary

  • Core Issue: PioneerCare lacks formal documentation for reviewing reserve fund reconciliations, leading to a significant deficiency in internal controls.
  • Impacted Requirements: This situation violates 2 CFR 200.303(a), which mandates effective internal controls for managing federal awards.
  • Recommended Follow-Up: Enhance internal control policies to ensure formal documentation of reviews is consistently maintained.

Finding Text

U.S. Department of Agriculture Federal Financial Assistance Listing #10.766 Community Facilities Loans and Grants Cluster Special Tests and Provisions Significant Deficiency in Internal Control over Compliance 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 – During our testing, there was no formal documented review over the reserve fund reconciliation for the federal program. Cause – PioneerCare did not have an adequate internal control policy in place to ensure review and approval over the reserve fund was maintained. Effect – The lack of adequate policies governing the review and approval of the reserve fund increases the risk that employees participating in the federal award administration may not be able to detect and correct noncompliance in a timely manner. Questioned Costs – None reported. Context – Sampling was not used. PioneerCare has two reserve accounts that were tested. Repeat Finding from Prior Year – No Recommendation – We recommend PioneerCare enhance internal control policies to ensure that formal documentation of reviews are present. Views of Responsible Officials ‐ Management agrees with the finding.

Corrective Action Plan

Federal Agency Name: U.S. Department of Agriculture Program Name: Community Facilities Loans and Grants Cluster Federal Financial Assistance Listing #10.766 Finding Summary: There was no formal documented review over the reserve fund reconciliation for the federal program. Responsible Individuals: Nathan Johnson, CEO and Dan Stone, CFO Corrective Action Plan: We have adopted a policy to enhance internal control to ensure the reserve fund reconciliation has a secondary review and approval that is documented. Anticipated Completion Date: August 31, 2023

Categories

Special Tests & Provisions Significant Deficiency Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

  • 406 2022-003
    Material Weakness Repeat
  • 407 2022-003
    Material Weakness Repeat
  • 409 2022-005
    Material Weakness
  • 576848 2022-003
    Material Weakness Repeat
  • 576849 2022-003
    Material Weakness Repeat
  • 576850 2022-004
    Significant Deficiency
  • 576851 2022-005
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $18.33M
93.498 Provider Relief Fund $421,865