Finding 513856 (2023-002)

Significant Deficiency Repeat Finding
Requirement
A
Questioned Costs
-
Year
2023
Accepted
2024-12-11
Audit: 331872
Organization: The Fogarty Center (RI)

AI Summary

  • Core Issue: The Center's bonus calculation for the final quarter was inconsistent with previous quarters, leading to an overpayment.
  • Impacted Requirements: Consistent methodology is required for calculating allowable expenses, which was not followed.
  • Recommended Follow-Up: Strengthen the review process for tracking spreadsheets to ensure accurate reporting of information.

Finding Text

Condition: The Center's final quarter bonus calculation spreadsheet used a calculation, which was inconsistent with prior quarters, resulting in an extra day being included in the calculation. Criteria: Companies are required to utilize consistent methodology to calculate amounts considered allowable expenses. Cause: Because the calculation was inconsistent, the Center overpaid bonuses, which are considered unallowed expenditures claimed on the grant. Recommendation: We recommend that the Center strengthen its review of tracking spreadsheets to ensure that accurate information is accurately reported. Views of responsible officials: Management of the Center agrees with the finding. The Company's corrective action plan is included at the end of this report.

Corrective Action Plan

Corrective Action Plan: The Fogarty Center (the “Center”) final quarter bonus calculation spreadsheet used a calculation, which was inconsistent with prior quarters, resulting in an extra day being included in the calculation. This caused the Center to spend funds in the amount of $989.43. This was an oversite and the unallowable funds were returned to the State of Rhode Island. this grant has now ended; however, the Center will strenghten procedures in reviewing grant tracking spreadsheets in any future grants.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 513855 2023-001
    Significant Deficiency Repeat
  • 513857 2023-003
    Significant Deficiency
  • 1090297 2023-001
    Significant Deficiency Repeat
  • 1090298 2023-002
    Significant Deficiency Repeat
  • 1090299 2023-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.05M
14.218 Community Development Block Grants/entitlement Grants $3,807