Finding 523679 (2023-231)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2025-02-19
Audit: 343115
Organization: Congregation Rachmistrivka Inc. (NJ)

AI Summary

  • Core Issue: The audit report was not submitted on time, missing the May 31, 2024 deadline.
  • Impacted Requirements: Timely submission of audits is mandatory for compliance.
  • Recommended Follow-Up: Implement a system for auditors to start their work right after the fiscal year ends to ensure timely completion.

Finding Text

Requirement: The entity is required to submit the audit in a timely manner. Findings: The audit report was due to be received by the State of New Jersey and the federal clearing house no later than May 31, 2024. As a result, the audit was not submitted timely. Questioned Costs: None/immaterial Systemic or Isolated: Systemic. Effect of Findings: The auditor feels that the effects of this noncompliance were minimal. Recommendations: A system should be in place where the auditor should be able to begin his audit soon after the fiscal year end in order to be able to complete the audit in time. Auditee’s Response: The administrator and staff of Congregation Rachmistrivka, Inc. DBA Talmud Torah Zecher Yochanan will work on ensuring that all future audits are submitted in a timely manner.

Corrective Action Plan

Recommendation: To ensure the proper procedures are in place to allow the audit to be completed and received by the State of New Jersey Department of Agriculture in the required timeframe. Action Taken:  Firstly, Administrator met with his staff and required that all books and records relating to the food program should be current and up to date in order to facilitate sending the information to the Audit firm in a timely manner.  Secondly, there was a meeting between the Administrator and the CPA firm retained to prepare the audit. An understanding was reached that within 60 days prior to the audit due date, the CPA firm and the school’s administrative staff will meet to begin the work on the audit.  These steps will help ensure that the audit will be completed soon after the close of the fiscal year and in a timely manner. Implementation Date: Corrective Action Plan has been implemented as of October 7, 2024. Person Responsible for Implementation: Shimon Balsam, the Administrator, is the responsible party for the implementation of the CAP. Telephone Number: (732)-942-4582.

Categories

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Other Findings in this Audit

  • 1100121 2023-231
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.553 School Breakfast Program $397,755
10.555 National School Lunch Program $27,119