Answer: There are discrepancies between reported expenditures and the Schedule of Expenditures of Federal Awards (SEFA).
Trend: This issue has been recurring in previous audits, indicating a need for improved accuracy in financial reporting.
List: Follow up by conducting a thorough review of expenditure records, implementing regular reconciliation processes, and providing training for staff on accurate reporting practices.
Finding Text
Reconciliation of Expenditures to SEFA
Corrective Action Plan
Procedures should be implemented for reconciling expenditures of federal awards by per the SEFA to amounts invoiced for reimbursements on a monthly basis