FAC Explorer

Finding 503396 (2024-001)

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Requirement
L
Questioned Costs
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Year
2024
Accepted
2024-10-22
Audit: 325553
Organization: Tulsa Performing Arts Center Trust (OK)
Auditor: Hogantaylor LLP

AI Summary

  • Issue: Two out of four ARPA reports were filed late and contained inaccurate data.
  • Requirements impacted: Reports must be submitted by the 15th of the following month with accurate data as per grant agreements.
  • Follow-up: Implement internal controls to ensure timely reporting and verify data accuracy for future grants.

Finding Text

Finding: Item 2024-001 – Reporting: Delinquent Reports Federal Program – Coronavirus State and Local Fiscal Recovery Funds - American Rescue Plan Act (ARPA) Assistance Listing Number – 21.027 Criteria: The grant agreements for ARPA require the statistical data report to be filed by the fifteenth day after completion of the month being reported and include specified data as outlined per the contract. Condition/context: Two of the four monthly ARPA statistical data reports we tested were filed after the due date. Additionally, several reports contained inaccurate data. The data was subsequently corrected. Cause: Tulsa Performing Arts Center Trust did not have adequate processes in place over the nonfinancial contract requirements of the grant. Effect: Noncompliance with grants could result in the loss of grant funds or additional federal oversight. Questioned cost: Not applicable. Recommendation: We recommend Tulsa Performing Arts Center Trust establish an internal control to identify required reporting for new grants during transition periods and a process to verify the accuracy of submitted data. View of responsible officials: Management's response is reported in "Corrective Action Plan" at the end of this report.

Corrective Action Plan

Finding: 2024-001 Name of contact person: Jennifer Alden, CFOO Corrective Action: While a process was in place for reporting non-financial census data, the process control point was City of Tulsa instead of TPACT. We no longer have the same requirements for a non-financial census report to provide, however we have already put a process in place for the TPACT accounting team to review all reports and compliance with contract prior to sending them to recipient. Proposed Completion Date: Immediately

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $50,000