FAC Explorer

Finding 555356 (2024-003)

Material Weakness
Requirement
A
Questioned Costs
-
Year
2024
Accepted
2025-04-18
Audit: 353993
Organization: Micro Entrerprise Services of Oregon (OR)
Auditor: McDonald Jacobs PC

AI Summary

  • Core Issue: Invoices lacked documented review and approval for 8 out of 13 reviewed.
  • Impacted Requirements: There is a need for a formal process to ensure all invoices are properly reviewed and approved.
  • Recommended Follow-Up: Implement procedures to document reviews and approvals before submitting invoices.

Finding Text

Finding # 2024-003 Type: Material weakness over allowable costs Condition/Context: Invoices submitted to funding agencies did not have documented review and approval for 8 of 13 invoices reviewed. Cause: There was no process in place for documenting the reviews and approvals. Questioned Costs: None. Recommendation: The Organization should implement additional procedures to make sure reviews and approvals are documented before invoices are submitted. Management’s Response: Management will implement and document a review of invoices by the grants manager.

Corrective Action Plan

Finding # 2024-003 Type: Material weakness over allowable costs A.L. 14.218 U.S. Department of Housing and Urban Development A.L. 21.027 U.S. Department of Treasury Material Weakness Invoices submitted to funding agencies did not have documented review and approval for 8 of 13 invoices reviewed. Corrective Action: As of February 2025, we have implemented a process to document the review and approval of invoices by the grants manager. Anticipated Completion Date February 28, 2025

Categories

Allowable Costs / Cost Principles Material Weakness

Other Findings in this Audit

  • 555350 2024-002
    Material Weakness
  • 555351 2024-002
    Material Weakness
  • 555352 2024-002
    Material Weakness
  • 555353 2024-002
    Material Weakness
  • 555354 2024-002
    Material Weakness
  • 555355 2024-002
    Material Weakness
  • 555357 2024-003
    Material Weakness
  • 555358 2024-003
    Material Weakness
  • 555359 2024-003
    Material Weakness
  • 555360 2024-003
    Material Weakness
  • 555361 2024-003
    Material Weakness
  • 555362 2024-004
    Significant Deficiency
  • 555363 2024-004
    Significant Deficiency
  • 555364 2024-004
    Significant Deficiency
  • 555365 2024-004
    Significant Deficiency
  • 555366 2024-004
    Significant Deficiency
  • 555367 2024-004
    Significant Deficiency
  • 555368 2024-002
    Material Weakness
  • 555369 2024-002
    Material Weakness
  • 555370 2024-002
    Material Weakness
  • 555371 2024-003
    Material Weakness
  • 555372 2024-003
    Material Weakness
  • 555373 2024-003
    Material Weakness
  • 1131792 2024-002
    Material Weakness
  • 1131793 2024-002
    Material Weakness
  • 1131794 2024-002
    Material Weakness
  • 1131795 2024-002
    Material Weakness
  • 1131796 2024-002
    Material Weakness
  • 1131797 2024-002
    Material Weakness
  • 1131798 2024-003
    Material Weakness
  • 1131799 2024-003
    Material Weakness
  • 1131800 2024-003
    Material Weakness
  • 1131801 2024-003
    Material Weakness
  • 1131802 2024-003
    Material Weakness
  • 1131803 2024-003
    Material Weakness
  • 1131804 2024-004
    Significant Deficiency
  • 1131805 2024-004
    Significant Deficiency
  • 1131806 2024-004
    Significant Deficiency
  • 1131807 2024-004
    Significant Deficiency
  • 1131808 2024-004
    Significant Deficiency
  • 1131809 2024-004
    Significant Deficiency
  • 1131810 2024-002
    Material Weakness
  • 1131811 2024-002
    Material Weakness
  • 1131812 2024-002
    Material Weakness
  • 1131813 2024-003
    Material Weakness
  • 1131814 2024-003
    Material Weakness
  • 1131815 2024-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
21.020 Community Development Financial Institutions Program $391,600
59.046 Microloan Program $310,383
21.027 Coronavirus State and Local Fiscal Recovery Funds $156,276
59.050 Prime Technical Assistance $61,276
14.218 Community Development Block Grants/entitlement Grants $1,781