FAC Explorer

Finding 553807 (2022-002)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2025-04-02
Audit: 352447
Organization: Rural Community Development Resources (WA)
Auditor: Northwest CPA Group PLLC

AI Summary

  • Answer: The required Forms ED-209 were not filed for the semi-annual performance periods ending March 31, 2022, and September 30, 2022.
  • Trend: This issue stems from a staffing shortage and lack of oversight within the Organization.
  • List: Follow up by ensuring timely filing of reports and addressing staffing and oversight gaps to prevent future noncompliance.

Finding Text

Criteria: Filing of the Forms ED-209 required for 11.307 US Department of Commerce, Economic Development Administration Grants for each semi-annual performance period ending March 31, 2022, and September 30, 2022. Condition: The semi-annual required reports were not filed. Cause: Due to a shortage of staffing and oversight, the Organization did not complete reports required by grant/granting agency. Effect: Noncompliance with the reporting requirement of the granting agency.

Corrective Action Plan

Develop external reporting matrix/schedule and report it to the Board of Directors by March 2025

Categories

Period of Performance Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 553806 2022-001
    Material Weakness
  • 553808 2022-003
    Material Weakness
  • 1130248 2022-001
    Material Weakness
  • 1130249 2022-002
    Material Weakness
  • 1130250 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $1.01M
93.570 Community Services Block Grant Discretionary Awards $252,316
21.020 Community Development Financial Institutions Program $183,423
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $176,866
11.307 Economic Adjustment Assistance $156,590
10.769 Rural Business Enterprise Grants $153,379
10.311 Beginning Farmer and Rancher Development Program $57,532