Finding 503067 (2022-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2024-10-17
Audit: 325040
Organization: Hope Toledo Services (OH)

AI Summary

  • Core Issue: The Organization lacks adequate internal controls for submitting quarterly Project and Expenditure Reports.
  • Impacted Requirements: Compliance with the requirement to submit accurate reports to the Federal Agency.
  • Recommended Follow-Up: Implement a formal review process where reports are checked by different individuals before submission.

Finding Text

Federal Agency: U.S. Department of Treasury Federal Program Name: Coronavirus State and Local Fiscal Recovery Funds Assistance Listing Number: 21.027 Award Period: July 1, 2022 through December 31, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: The Organization is required to submit quarterly Project and Expenditure Reports to the Federal Agency. Condition: The Organization did not have controls in place to prevent, detect, or correct errors in reporting. Questioned Costs: None Context: During our testing, it was noted that there was no formal layer of review over the quarterly report prepared before it was submitted to the grantor. Cause: The Organization is in the startup phases and maintaining current operations with limited staff. Effect: The auditor noted no instances of noncompliance with the provisions of reporting; however, the lack of internal controls over this compliance requirement provides an opportunity for noncompliance. Repeat finding: No Recommendation: We recommend that reports are prepared and reviewed by separate individuals. Views of responsible officials: We agreed with the above comment. The Organization will put a formal layer of review after preparation of the report and before submission to the grantor.

Corrective Action Plan

Reporting Coronavirus State and Local Fiscal Recovery Funds – Assistance Listing No. 21.027 Recommendation: We recommend that reports are prepared and reviewed by separate individuals. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action planned in response to finding: The Organization will add a layer of review for the prepared reports prior to submission to the grantor. Name of the contact person responsible for corrective action: John C. Jones, President and CEO Planned completion date for corrective action plan: October 31, 2024

Categories

HUD Housing Programs Reporting Significant Deficiency Internal Control / Segregation of Duties Special Tests & Provisions

Other Findings in this Audit

  • 503066 2022-001
    Significant Deficiency
  • 503068 2022-003
    Significant Deficiency
  • 1079508 2022-001
    Significant Deficiency
  • 1079509 2022-002
    Significant Deficiency
  • 1079510 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $613,591
93.558 Temporary Assistance for Needy Families $49,041