Answer: The Entity director will ensure compliance with program income regulations.
Trend: There is a focus on managing program income effectively to avoid excess costs.
List: Planned actions include reimbursing any program income that exceeds incurred costs back to the Program bank account.
Finding Text
Views of Responsible Officials and Planned Corrective Actions - The Entity director will be responsible for compliance. Program income in excess of costs incurred will be reimbursed to the Program bank account
Corrective Action Plan
Program income transferred to the operations account exceeded the amount of allowable administrative costs by $ 13,158. The Entity will reimburse the Cares Act RLF program for the $ 13,158. The Entity’s director James Morgan is responsible.