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
2024-003 Criteria – All grant expenditures incurred prior to year end should be included on the Schedule of
Expenditures Federal Awards (SEFA).
Condition – During our review of grant expenditures, we identified expenditures that were not
recorded in the proper period, and therefore not included on the SEFA.
Cause – Review procedures did not identify the expenditures which should have been included
on the SEFA.
Effect – As a result, the amount was inadvertently left off the SEFA.
Recommendation - The Organization should implement procedures to review payable ensure
that all expenditures are included in the SEFA.
Client’s Response - We have recorded the journal entry to include the expenses in the proper
period and adjusted the financial statements accordingly. These amounts were also updated to
be included on the SEFA. We will also review procedures to record expenses in the proper period.