FAC Explorer

Finding 537572 (2023-004)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2025-03-27
Audit: 348851
Organization: Municipality of Vieques (PR)
Auditor: Torres Hernandez & Punter CPA Psc

AI Summary

  • Issue: Financial quarterly reports for revenue and expenditures were submitted late.
  • Impact: This affects compliance with grant documentation requirements and could lead to funding delays.
  • Recommendation: Implement a tracking system to ensure timely filing of all financial reports moving forward.

Finding Text

Financial Quarterly Reports of Revenue and Expenditures by year program, which serve as documentation of the financial status of grants according to the official accounting records, and disclose amounts reported for cash disbursements, federal share of expenditures and federal share of unliquidated expenditures, were filed late.

Corrective Action Plan

The Municipality should streghten control procedures to assure that the financial Reports are prepared and timely filed.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 537571 2023-003
    Material Weakness Repeat
  • 537573 2023-003
    Material Weakness Repeat
  • 537574 2023-003
    Material Weakness Repeat
  • 1114013 2023-003
    Material Weakness Repeat
  • 1114014 2023-004
    Material Weakness
  • 1114015 2023-003
    Material Weakness Repeat
  • 1114016 2023-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $12.31M
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.42M
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $1.16M
14.871 Section 8 Housing Choice Vouchers $455,899
16.738 Edward Byrne Memorial Justice Assistance Grant Program $92,557
14.231 Emergency Solutions Grant Program $60,969
93.044 Special Programs for the Aging, Title Iii, Part B, Grants for Supportive Services and Senior Centers $48,312