Finding Reference: 2023-002
Views of Responsible Officials and Planned Corrective Actions
The Agency agrees with this finding and recommendation as presented. Management has implemented procedures to enhance fiscal efforts in reconciling its grants receivable accounts before preparing the SEFA. The agency reevaluated the fiscal department’s needs and hired new staff, including a finance director, account payables, and part-time fiscal support specialist, and contracted with a CPA to assist with the following scope of work:
Close out accounts receivable and payable.
Account for any grants received during the fiscal year.
Monitor budget-to-actual program expenditures throughout the grant year.
Reconcile grants receivable balances to the general ledger.
Name of the contact person responsible for corrective action: Michael Young, President, (301) 274-4474.
Corrective action completed as of : December 31, 2023.
Auditor’s Note: The stated completion date for the corrective action plan is based on the Agency's representation. The implementation of these corrective actions has not been audited by the auditors and will be subject to review during the next audit period.