Finding Text
Management agrees with the finding and is implementing the accompanying corrective action plan.
Views of Responsible Officials:
Jacy Hyde, Executive Director
Joel Rusco, Chief Financial and Administrative Officer
Jessica Martinez, Deputy Director
Contact Person:
Joel Rusco, Chief Financial and Administrative Officer
Jessica Martinez, Deputy Director
Corrective Action Plan:
In response to FY21 Corrective Action Plan, CFSC implemented an updated
Subrecipient Monitoring Policy in June 2024 to ensure compliance with Uniform
Guidance, including subrecipient risk assessment and audit review requirements. To
further strengthen compliance and eliminate inconsistencies in subrecipient risk
assessments, CFSC will implement the following corrective actions:
1.Mandatory Pre-Award Risk Assessment & Documentation:
a.The Grants Manager will have the responsibility to ensure that a Subrecipient Risk Assessment Form is completed and documented for all subawards before execution.
b.Risk assessment findings will be stored in the subrecipients grant file and reviewed during routine monitoring.
c.Any subrecipients classified as high risk will be subject to enhanced monitoring procedures to be carried out by the assigned Grant Specialist, which may include additional financial oversight and/or more frequent reporting.
2.Systematic Audit review & compliance tracking:
a.The Grants Manager will be responsible for ensuring timely collection and review of subrecipient audit reports.
3.Quarterly Compliance Audits of Risks Assessments & Audit Reviews:
a.The Grants Manager will conduct quarterly internal audits to confirm:
i.All subrecipients have undergone documented risk assessments before receiving funds.
ii.All subrecipient audits have been collected, reviewed, and properly documented.
iii.Any identified audit findings have been addressed with documented corrective actions.
Anticipated Completion Date:
These corrective actions will be fully implemented by the end of Quarter 2 of FY25.