Finding 546924 (2024-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-03-31

AI Summary

  • Core Issue: The District lacks internal controls over the reporting process for federal programs, leading to potential inaccuracies.
  • Impacted Requirements: Compliance with 2 CFR § 200.303 and § 200.327 is at risk due to missing formal procedures for report accuracy and timeliness.
  • Recommended Follow-Up: Develop formal policies for report review, assign responsibilities, and provide training to ensure compliance and accuracy in federal reporting.

Finding Text

Lack of Internal Controls Over the Reporting Process Significant Deficiency Reclamation States Emergency Drought Relief Program, AL 15.514 Condition During our audit of the District’s compliance with federal program requirements, we noted that the entity does not have established internal controls over the reporting process. Specifically, there are no formal procedures in place to ensure the accuracy, completeness, and timeliness of required federal reports. Criteria Per 2 CFR § 200.303, non-federal entities must establish and maintain effective internal control over federal awards to provide reasonable assurance that the entity is managing the awards in compliance with applicable regulations. Additionally, 2 CFR § 200.327 requires recipients to submit performance and financial reports that are accurate, complete, and timely. Cause This is the first year the District has been subject to a single audit, exceeding the $750,000 expenditure threshold, and has not yet developed formal policies or procedures for reviewing and approving required financial and programmatic reports. Effect The lack of internal controls increases the risk of inaccurate, incomplete, or untimely reporting, which could result in noncompliance with federal requirements and potential future corrective actions by granting agencies. Recommendation We recommend that the District develop and implement formal policies and procedures to ensure that federal reports are reviewed for accuracy, completeness, and timeliness prior to submission. Management should assign responsibility for report preparation and review, implement checklists or reconciliation processes, and provide training to staff involved in federal reporting. Views of Responsible Officials See the attached Corrective Action Plan.

Corrective Action Plan

The corrective action plan listed below is response to the San Bernardino Valley Municipal Water District’s single audit report for the fiscal year ending June 30, 2024, prepared by Rogers, Anderson, Malody and Scott, CPA’s 2024-001 - Lack of Internal Controls Over the Reporting Process Significant Deficiency Reclamation States Emergency Drought Relief Program, AL 15.514 Recommendation: We recommend that the District develop and implement formal policies and procedures to ensure that federal reports are reviewed for accuracy, completeness, and timeliness prior to submission. Management should assign responsibility for report preparation and review, implement checklists or reconciliation processes, and provide training to sta􀆯 involved in federal reporting. Corrective Action: To ensure compliance for future reporting, the District has implemented procedures that prior to submission of grant reporting, the accounting department will approve the report for all grant expenditures. In addition, the District has arranged for sta􀆯 training for employees involved with federal grants and reporting. Person Responsible for Corrective Action: Chief Financial O􀆯icer Senior Accountant Project Managers (Various Departments) Anticipated Completion Date for Corrective Action: Corrective Action is immediately implemented in response to the auditors’ recommendation.

Categories

Reporting Significant Deficiency Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1123366 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
15.514 Reclamation States Emergency Drought Relief $1.55M
15.504 Water Recycling and Desalination Construction Programs $105,470