Finding Text
Project and Expenditure Report
Criteria – The Uniform Guidance, Part 200.303, requires the auditee establish and maintain effective internal control over the federal award which provides reasonable assurance the auditee is managing the federal award in compliance with federal statutes, regulations, and the terms of the federal award. The City is required to submit an annual
project and expenditures report.
The Compliance and Reporting Guidance, State and Local Fiscal Recovery Funds, requires
the annual report be submitted to the U.S. Treasury by April 30, each year.
Condition – The required report was submitted on time but the expended amount was
incorrect.
Cause – City procedures have not been established to ensure the report is submitted with
the correct amount.
Effect – The lack of established policies and procedures resulted in the incorrect amount
submitted on the required report.
Recommendation – The City should establish a policies and procedures to ensure reports
are submitted timely with the correct amount in accordance with the Compliance and
Reporting Guidance.
Response and Corrective Action Planned – A policy and procedure will be established to
ensure the annual Project and Expenditure Report is submitted with the correct amount
prior to the deadline.
Conclusion – Response accepted.