Finding 504880 (2023-005)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-11-07
Audit: 327661
Organization: Rangeley Lakes Heritage Trust (ME)
Auditor: One River CPAS

AI Summary

  • Core Issue: RLHT lacks written procedures for managing federal grants, violating 2 CFR 200 requirements.
  • Impacted Requirements: Noncompliance with Uniform Guidance increases the risk of improper handling of federal funds.
  • Recommended Follow-Up: RLHT should enhance training on federal award requirements and update financial policies to include necessary procedures.

Finding Text

2023-005 Noncompliance with Uniform Guidance Written Procedures Over Federal Grants (Significant Deficiency – Noncompliance) Criteria – 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, §200.302 requires all non-federal entities receiving federal awards to develop written procedures to implement the requirements to received federal payments and determine the allowability of costs. Condition and Context – Audit procedures revealed that there was a written financial procedures document, but that it contained no language regarding managing and complying with federal award requirements. Cause – Lack of understanding relating to the requirements of federal awards under the Uniform Guidance. Effect – Lack of documented controls over RLHT’s compliance with the Uniform Guidance creates an added risk of noncompliance occurring. Questioned Costs – None Recommendations – RLHT should become familiar with the Uniform Guidance and seek additional training for those staff involved in all phases of receiving payment on and expending of federal awards. Views of Responsible Officials and Planned Corrective Actions – RLHT will add procedures to the current financial policies document that contain oversight over the receipt and use of federal award funds.

Corrective Action Plan

RLHT will add procedures to the current financial policies document that contain oversight over the receipt and use of federal award funds.

Categories

Allowable Costs / Cost Principles HUD Housing Programs Significant Deficiency Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
15.623 North American Wetlands Conservation Fund $1.35M
15.630 Coastal $372,240