Finding Text
Federal Grantor: U.S. Department of Labor; Pass-through Grantor: Illinois Department of Commerce; Federal Assistance Listing No.: All Programs; Program Title: All Programs. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires auditees to prepare an accurate Schedule of Expenditures of Federal Awards containing awards expended, assistance listing title and number, award number, name of the Federal agency, name of pass-through entity, and awards paid to subrecipients. Condition: During our audit, we noted that the Schedule of Expenditures of Federal Awards was not prepared with all of the required elements in accordance with 2 CFR 200. The Organization's current internal controls over preparation of the Schedule of Expenditures of Federal Awards are not sufficient enough to ensure correct reporting. Cause: Management failed to follow reporting requirements related to the Schedule of Expenditures of Federal Awards as outlined in 2 CFR 200. Effect: An accurate Schedule of Expenditure of Federal Awards was not prepared by management. Recommendation: We recommend management develop internal controls over reporting and consult with external consultants, if necessary, to ensure an accurate Schedule of Expenditures of Federal Awards is prepared. Management's Response: We will engage with an outside consultant/independent CPA firm to review and manage the internal control process. This corrective action will be implemented by December 31, 2024 by the Administrator and Board.