Finding 484649 (2023-003)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2024-08-20

AI Summary

  • Answer: The Food For Free Committee, Inc. failed to prepare the SEFA correctly.
  • Trend: This indicates a potential ongoing issue with financial reporting practices.
  • List: Recommend a review of financial processes and training for staff on SEFA preparation.

Finding Text

Food For Free Committee, Inc. was unable to properly prepare the Schedule of Expeditures of Federal Awards ("SEFA").

Corrective Action Plan

Food For Free Committee, Inc. is currently in the process of updating their accounting system to account for federal awards by class for clear and precise tracking of all expenditures and payments. Management is also reviewing the current procedures for recording in-kind food donations to ensure accurate tracking. A monthly report of USDA food received will be accessible to accounting team members to assist in valuation amounts. The Senior Vice President of Strategy and Impact will oversee compliance with federal award grant contract terms, and coordinate necessary tracking and documentation across finance and operating functions.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.218 Community Development Block Grants/entitlement Grants $392,204
10.569 Emergency Food Assistance Program (food Commodities) $373,128
21.027 Coronavirus State and Local Fiscal Recovery Funds $274,900
10.182 Local Food Purchase Assistance $100,000