Finding 499976 (2022-001)

Material Weakness Repeat Finding

Requirement

ABFLMN

Questioned Costs

Year

2023

Accepted

2024-09-30

Audit: 322911

Organization: Bossier Office of Community Services, Inc. (LA)

Auditor: Kolder Slaven and Company LLC

AI Summary

Core Issue: Misclassification of revenue and expenses between federal grant funds and duplicate transactions were found during the audit.
Impacted Requirements: Lack of reconciliations for grant revenues and expenditures increases the risk of overspending federal funds.
Recommended Follow-Up: Monthly reviews and reconciliations of general ledger accounts are necessary for accurate financial reporting.

Finding Text

2022-004 Financial Management Fiscal year finding initially occurred: 2021 CONDITION: While performing our audit procedures for FY 22, there were numerous instances of revenue and expense transactions being miscoded between federal grant program funds and transactions being duplicated between funds. In addition, reconciliations of grant revenues to grant expenditures were not being performed which could lead to over drawing federal funds. RECOMMENDATION: All detailed general ledger account balances should be reviewed and reconciled on a monthly basis to ensure complete and accurate financial information is provided to all users of the financial information. CURRENT STATUS: Not Resolved. See finding 2023-004.

Corrective Action Plan

2022-004 Financial Management RECOMMENDATION: All detailed general ledger account balances should be reviewed and reconciled on a monthly basis to ensure complete and accurate financial information is provided to all users of the financial information. CORRECTIVE ACTION PLAN: Unresolved. See finding 2023-004.

Other Findings in this Audit

499967 2023-001

Material Weakness Repeat
499968 2023-002

- Repeat
499969 2023-003

- Repeat
499970 2023-001

Material Weakness Repeat
499971 2023-002

- Repeat
499972 2023-003

- Repeat
499973 2023-001

Material Weakness Repeat
499974 2023-002

- Repeat
499975 2023-003

- Repeat
499977 2022-002

- Repeat
499978 2022-003

- Repeat
1076409 2023-001

Material Weakness Repeat
1076410 2023-002

- Repeat
1076411 2023-003

- Repeat
1076412 2023-001

Material Weakness Repeat
1076413 2023-002

- Repeat
1076414 2023-003

- Repeat
1076415 2023-001

Material Weakness Repeat
1076416 2023-002

- Repeat
1076417 2023-003

- Repeat
1076418 2022-001

Material Weakness Repeat
1076419 2022-002

- Repeat
1076420 2022-003

- Repeat

Programs in Audit

ALN	Program Name	Expenditures
93.568	Low-Income Home Energy Assistance	$1.59M
10.558	Child and Adult Care Food Program	$330,257
93.600	Head Start	$129,051
93.569	Community Services Block Grant	$121,806
14.218	Community Development Block Grants/entitlement Grants	$9,104