Finding 547015 (2024-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-03-31
Audit: 351400
Organization: Weavers Way Community Fund Inc. (PA)
Auditor: Cohnreznick LLP

AI Summary

  • Core Issue: Weavers Way Community Fund Inc. failed to file one Semiannual Performance Report by the deadline.
  • Impacted Requirements: This non-compliance violates 2 CFR 200.329(c)(1) regarding timely reporting.
  • Recommended Follow-Up: Review and strengthen processes for filing Semiannual Performance Reports to ensure compliance.

Finding Text

Federal Agency: Department of Housing and Urban Development Federal Program Title: Economic Development Initiative, Community Project Funding, and Miscellaneous Grants Federal Assistance Listing Number: 14.251 Federal Award Identification Number: B-23-CP-PA-1291 Award Period: July 1, 2023 through June 30, 2024 Compliance Requirement: Reporting Type of Finding: Significant Deficiency in Internal Controls over Compliance, Other Matters Criteria According to 2 CFR 200.329(c)(1) of the Office of Management and Budget’s Uniform Guidance, Semiannual Performance Reports are due within 30 days after the reporting period. Condition/Context We tested that the Semiannual Performance Report was filed for the period of July 1, 2023 through June 30, 2024 and found the following exception: o One (1) Semiannual Progress Report (for the period ended June 30, 2024) was not filed. Cause Due to a quick acceleration in the Organization’s activities under this program, management was in process of implementing monitoring controls surrounding the timely filing of Semiannual Performance reports at the time the Semiannual Performance Report for the year ended June 30, 2024 was due. Effect Weavers Way Community Fund Inc. is not in compliance with the Uniform Guidance compliance requirements. Questioned Costs N/A Identification as a Repeat Finding This finding is not a repeat finding. Recommendations We recommend that Weavers Way Community Fund Inc. review their process and controls for completing and filing Semiannual Performance Reports. Views of the Responsible Officials and Corrective Action Plan To address the increase in the Organization’s activities under this program, the General Manager of Weavers Way Community Fund, Inc. will send a performance report to the Department of Housing and Urban Development.

Corrective Action Plan

To address the increase in the Organization’s activities under this program, the Certified Management Accountant of Weavers Way Community Fund, Inc. will send a performance report to the Department of Housing and Urban Development.

Categories

Subrecipient Monitoring Reporting Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1123457 2024-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants $1.32M