Finding 525309 (2023-003)

Material Weakness Repeat Finding
Requirement
B
Questioned Costs
-
Year
2023
Accepted
2025-03-03
Audit: 344536
Auditor: Uhy LLP

AI Summary

  • Core Issue: Second Harvest's inventory valuation method does not match actual reported values from Missouri and Kansas.
  • Impacted Requirements: This discrepancy affects compliance with accurate financial reporting standards.
  • Recommended Follow-Up: Reconcile inventory values with state reports to ensure accuracy and compliance.

Finding Text

Second Harvest values inventory based on historical Feeding America rates applied to the weight of the food received from TEFAP. This estimation of value is not reconciled to the actual values of donated product as reported to Second Harvest by the states of Missouri and Kansas. An audit adjustment of $178,812 (12.82% of commodities received) was recorded to adjust the SEFA to state reporting.

Corrective Action Plan

We agree with the auditor’s comments and the following action will be taken to improve this situation. As of September 2024, the Director of Logistics has established a system to ensure the accurate values of USDA foods are receipted into Primarius, Second Harvest’s inventory software system. At the beginning of each year, the Department of Social Services sends our Operations team the USDA Foods valuation chart for the calendar year. This valuation chart lists the food value per pound, net case weight and case value by material code. These material codes are input into our inventory software system and reviewed each month to ensure they match the USDA foods code. In preparing for USDA food deliveries, the Director of Logistics will pre-enter information using the USDA Foods Valuation chart to verify the case values & case net weights match in Primarius. Finally, all USDA food valuations will be reviewed at year-end for accuracy and sent to the State Agency for verification that all monthly receipted quantities and values align between the two systems. This corrective action was implemented as of September 30, 2024.

Categories

Reporting Equipment & Real Property Management

Other Findings in this Audit

  • 525310 2023-004
    Material Weakness Repeat
  • 525311 2023-006
    Significant Deficiency
  • 525312 2023-007
    Significant Deficiency
  • 525313 2023-005
    Significant Deficiency
  • 1101751 2023-003
    Material Weakness Repeat
  • 1101752 2023-004
    Material Weakness Repeat
  • 1101753 2023-006
    Significant Deficiency
  • 1101754 2023-007
    Significant Deficiency
  • 1101755 2023-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
10.569 Emergency Food Assistance Program (food Commodities) $270,791
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $112,408
10.766 Community Facilities Loans and Grants $68,430
10.558 Child and Adult Care Food Program $51,332
10.568 Emergency Food Assistance Program (administrative Costs) $47,771
10.559 Summer Food Service Program for Children $46,926
14.218 Community Development Block Grants/entitlement Grants $23,750
10.182 Pandemic Relief Activities: Local Food Purchase Agreements with States, Tribes, and Local Governments $14,776