FAC Explorer

Finding 529238 (2024-005)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-03-21
Audit: 347264
Organization: Municipality of Salinas (PR)
Auditor: Betancourt & CO Psc

AI Summary

  • Issue: Incomplete accounting records for the Program, lacking summaries of financial transactions.
  • Impacted Requirements: Failure to meet standards for maintaining records of assets, liabilities, revenues, and expenditures.
  • Recommended Follow-up: Implement a system to ensure all financial transactions are properly recorded and summarized.

Finding Text

During my reporting test, we noted that the Program did not maintain adequate and complete accounting records and did not summarize the information of all the financial transactions related to assets, liabilities, revenues, and expenditures of the Program in formal accounting records.

Categories

Reporting

Other Findings in this Audit

  • 529237 2024-005
    Material Weakness Repeat
  • 1105679 2024-005
    Material Weakness Repeat
  • 1105680 2024-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $7.43M
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $1.40M
21.027 Coronavirus State and Local Fiscal Recovery Funds $273,178
97.030 Community Disaster Loans $239,098
93.575 Child Care and Development Block Grant $140,257
14.871 Section 8 Housing Choice Vouchers $74,983
14.231 Emergency Solutions Grant Program $59,705
20.505 Metropolitan Transportation Planning and State and Non-Metropolitan Planning and Research $18,598