Finding Text
CRITERIA: Federal regulations require the grant recipient to maintain appropriate records and source documentation to support all costs paid with federal grant funding, to ensure adequate. CONDITION: We examined a sample of27 grant expenditures for the SSVF grant program and noted that 16 transactions totaling $70,976 were incurred that did not have proper supporting documentation. We also noted the transactions were not accurately recorded to the proper grant accounts. CAUSE: The Foundation's record retention administrative procedures were not adequate. EFFECT: We were unable to determine if the grant costs totaling $70,976 were allowable costs for the SSVF grant program. QUESTIONED COSTS: $70,976 RECOMMENDATION: We recommend that management implement proper record retention procedures to assure all grant expenditures are supported by adequate documentation. MANAGEMENT'S RESPONSE: See management's corrective action plan on pages 30-31.