Finding Text
U.S. Department of Treasury
Assistance Listing Number 21.027 – Coronavirus State and Local Fiscal Recovery Fund
Pass-through Agency Number: N/A
Award No.: Year ended September 30, 2024
2024-004 Criteria – Allowable expenditures should be recorded in the proper period.
Condition - During our review of internal control procedures, we identified a material journal entry
that was necessary to record expenditures in the proper period. The adjustment impacted
amounts related to the Coronavirus State and Local Fiscal Recovery fund.
Cause – Review procedures did not identify expenses that should have been recorded as a
payable as of September 30, 2024.
Effect – As a result, the amount was inadvertently left of the SEFA.
Recommendation - The organization should strengthen its review process for grant-related
payables and ensure that expenditures are recorded in the proper period and properly included
on the SEFA.
Client’s Response – We have updated the SEFA to include these amounts and will continue to
review our processes and procedures to ensure all expenditures are included on the SEFA in the
future.