Issue: Community Health Partnership of Illinois, Inc. held onto Federal funds for over twelve months without disbursing them, violating regulations.
Trend: This indicates a pattern of not effectively managing cash flow and compliance with Federal fund usage.
Follow-up: Review cash management practices and implement a plan to ensure timely disbursement of Federal funds.
Finding Text
Community Health Partnership of Illinois, Inc. did not minimize the time between drawdown and disbursement of Federal funds in accordance with Federal regulations. The program had excess cash on hand for more than twelve (12) months.
Corrective Action Plan
CHP is currently working with its grantor project office for further instructions on this occurrence and will follow the instructions from its project officer as given.