Finding 537968 (2023-006)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2025-03-27

AI Summary

  • Answer: Nine out of twenty-three financial reports were submitted late.
  • Trend: This indicates a pattern of delays in report submissions.
  • List: Follow up to ensure timely submission of all future reports.

Finding Text

The Authority did not submit on time nine (9) of the twenty-three (23) required financial reports

Corrective Action Plan

Management acknowledges the audit finding regarding the Authority's failure to submit nine (9) of the twenty-three (23) required financial reports. Upon receipt of the audit findings, the Puerto Rico Convention Center District Authority (PRCCDA) conducted an immediate review of its monthly reporting procedures to identify areas requiring improvement. To address the deficiencies, staff training and development is being provided to reinforce adherence to reporting guidelines, ensure accurate data entry, and emphasize the importance of meeting deadlines. Additionally, communication protocols are being enhanced to improve stakeholder awareness of reporting requirements, timelines, and procedural updates. The Anticipated completion date is FY 2024.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 537963 2023-001
    Material Weakness
  • 537964 2023-002
    Material Weakness
  • 537965 2023-003
    Material Weakness
  • 537966 2023-004
    -
  • 537967 2023-005
    Significant Deficiency
  • 1114405 2023-001
    Material Weakness
  • 1114406 2023-002
    Material Weakness
  • 1114407 2023-003
    Material Weakness
  • 1114408 2023-004
    -
  • 1114409 2023-005
    Significant Deficiency
  • 1114410 2023-006
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $9.48M
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $594,115