Finding 529923 (2023-003)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2025-03-25

AI Summary

  • Core Issue: The report was submitted on time but did not accurately show the award expenditures for the federal award.
  • Impacted Requirements: Accurate and timely reporting is essential, requiring proper staffing and training in accounting software.
  • Recommended Follow-Up: Management should monitor financial reports regularly and ensure training is completed by October 31, 2025, under the oversight of the CFO.

Finding Text

Internal Control over Reporting – The report was filed on time but did not accurately reflect the award expenditures charged to the federal award. Recommendation – We recommend that management and the board should review its current staffing levels and obtain the training required to produce accurate and timely reports from its accounting software. A review of its financial statement should be established to record and in accordance with award documents. Auditee's comments and response – Management and the Board will regularly monitor financial reports and activities of MHC. In addition, management hired additional staff in 2024, creating a 20% increase in staffing for the organization. Planned completion date for corrective action plan: For the year ending October 31, 2025. Responsible party for the corrective action – Aby John, Chief Financial Officer

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 529921 2023-003
    Significant Deficiency
  • 529922 2023-003
    Significant Deficiency
  • 529924 2023-003
    Significant Deficiency
  • 529925 2023-002
    Significant Deficiency
  • 529926 2023-002
    Significant Deficiency
  • 529927 2023-002
    Significant Deficiency
  • 529928 2023-002
    Significant Deficiency
  • 529929 2023-002
    Significant Deficiency
  • 529930 2023-001
    Significant Deficiency
  • 529931 2023-001
    Significant Deficiency
  • 529932 2023-001
    Significant Deficiency
  • 529933 2023-001
    Significant Deficiency
  • 529934 2023-001
    Significant Deficiency
  • 1106363 2023-003
    Significant Deficiency
  • 1106364 2023-003
    Significant Deficiency
  • 1106365 2023-003
    Significant Deficiency
  • 1106366 2023-003
    Significant Deficiency
  • 1106367 2023-002
    Significant Deficiency
  • 1106368 2023-002
    Significant Deficiency
  • 1106369 2023-002
    Significant Deficiency
  • 1106370 2023-002
    Significant Deficiency
  • 1106371 2023-002
    Significant Deficiency
  • 1106372 2023-001
    Significant Deficiency
  • 1106373 2023-001
    Significant Deficiency
  • 1106374 2023-001
    Significant Deficiency
  • 1106375 2023-001
    Significant Deficiency
  • 1106376 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
45.129 Promotion of the Humanities Federal/state Partnership $1.20M
45.162 Promotion of the Humanities Federal/state Partnership $15,184