Issue: KFP had excess draw requests totaling $31,719 that were not linked to specific requests.
Trend: This indicates a potential pattern of mismanagement in tracking draw requests.
Follow-up: Review and improve the process for tracking draw requests to prevent future discrepancies.
Finding Text
At June 30, 2022, KFP had excess draw requests that could not be attributable to a specific request which resulted in a refundable advance of $31,719 in the accompanying financial statements.
Corrective Action Plan
KFP should strengthen internal controls over financial reporting on federal programs to prevent the over-request of grant funds.