Finding 547925 (2024-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-03-31

AI Summary

  • Core Issue: The LWDA – South Central missed key submission deadlines for financial reports, which is a repeat problem from last year.
  • Impacted Requirements: Compliance with DDEC's deadlines for submitting the quarterly expense report and bank reconciliation is mandatory.
  • Recommended Follow-up: Strengthen internal controls to ensure timely submission of all required financial reports by July 1, 2025.

Finding Text

Finding Reference 2024-002 Federal Agency: U.S. Department of Labor Pass-through Agency: P.R. Department of Economic Development and Commerce (DDEC) Federal Program Title and Assistance Listing Number (ALN): WIOA Cluster: WIOA Adult Program (ALN 17.258) WIOA Youth Activities (ALN 17.259) WIOA Dislocated Worker Formula Grants (ALN 17.278) Compliance Requirement: Reporting (L) Type of finding: Material Weakness in Internal Control over Compliance (MW), Instance of Noncompliance (NC) This finding is similar to prior-year finding 2023-002. Statement of Condition The financial information related to the quarterly accumulated expense report corresponding to the quarter ended on June 30, 2024 was not submitted on or before July 15, 2024. The information was submitted on July 18, 2024. The bank reconciliation and cash journal report for June 30, 2024 were not submitted on or before the tenth (10) day of the following month. The information was submitted on July 11, 2024. Criteria The Local Workforce Development Areas must comply with the established dates by the DDEC for performed and submitted the required information. Cause of Condition The LWDA – South Central did not submit the quarterly accumulated expense report and the bank reconciliation and cash journal report to the quarter ended and for the month ended on June 30, 2024, to the DDEC during the required submission deadline dates. Effect of Condition The continued occurrence of this situation could result in possible significant limitations on available funds. Recommendation We recommend the LWDA – South Central implements internal control procedures in order to meet submission deadlines. Questioned Costs None Views of Responsible Officials and Planned Corrective Action We gave instructions to the Finance Department Director to strengthen internal procedures and controls to ensure accurate preparation and submission of financial reports within the required timeframe. Implementation Date: July 1, 2025. Responsible Person: Mrs. Rosa J. La Torre Santiago, Executive Director

Corrective Action Plan

We gave instructions to the Finance Department Director to strengthen internal procedures and controls to ensure accurate preparation and submission of financial reports within the required timeframe. Implementation Date: April 1, 2025. Responsible Person: Mrs. Rosa J. La Torre Santiago, Executive Director

Categories

Material Weakness Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 547926 2024-002
    Material Weakness Repeat
  • 547927 2024-002
    Material Weakness Repeat
  • 1124367 2024-002
    Material Weakness Repeat
  • 1124368 2024-002
    Material Weakness Repeat
  • 1124369 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
17.278 Wioa Dislocated Worker Formula Grants $2.09M
17.259 Wioa Youth Activities $1.24M
17.258 Wioa Adult Program $1.15M