FAC Explorer

Finding 561135 (2024-002)

Significant Deficiency
Requirement
AB
Questioned Costs
-
Year
2024
Accepted
2025-05-20
Audit: 356736
Organization: Council on Aging for Southeastern Vermont, Inc. (VT)
Auditor: McSoley McCoy & CO

AI Summary

  • Core Issue: One check was issued without the required dual signature, violating the Organization's control policy.
  • Impacted Requirements: This oversight could lead to inaccuracies in the SEFA and financial statements.
  • Recommended Follow-Up: Ensure compliance with dual signature requirements for all disbursements over $2,000; management plans to implement a review process by fiscal 2025.

Finding Text

Finding No.: 2024-002 Criteria The Organization has established the control requiring all expenditures above $2,000 requiring dual signature. Conditions Found During our audit, we noted one check which lacked the required dual signature. Cause The Organization is not adhering to their established controls around expenditures. Effect The SEFA and financial statements could be inaccurately presented. Recommendation We recommend the Organization adhere to their established control around dual signatures for all disbursements above their stated threshold. Views of Responsible Officials Management agrees with this recommendation and will implement a review and approval process effective for the fiscal 2025 reporting period.

Corrective Action Plan

Finding Reference Number: 2024-002 View of Responsible Official and Planned Corrective Action Date: Corrective Action: The Finance Director reviewed the internal controls requiring all expenditures above $2,000 requiring dual signatures with the Office Administrator. If the Office Administrator is not in the office when checks are to be mailed, the staff mailing checks will refer to the procedures filed in the front office prior to processing checks. Name of Contact Person: Susan Dana, Finance Director Projected Completion Date: March 28, 2025

Categories

Reporting

Other Findings in this Audit

  • 561134 2024-001
    Significant Deficiency
  • 561136 2024-003
    Significant Deficiency
  • 561137 2024-001
    Significant Deficiency
  • 561138 2024-002
    Significant Deficiency
  • 561139 2024-003
    Significant Deficiency
  • 561140 2024-001
    Significant Deficiency
  • 561141 2024-002
    Significant Deficiency
  • 561142 2024-003
    Significant Deficiency
  • 561143 2024-001
    Significant Deficiency
  • 561144 2024-002
    Significant Deficiency
  • 561145 2024-003
    Significant Deficiency
  • 561146 2024-001
    Significant Deficiency
  • 561147 2024-002
    Significant Deficiency
  • 561148 2024-003
    Significant Deficiency
  • 561149 2024-001
    Significant Deficiency
  • 561150 2024-002
    Significant Deficiency
  • 561151 2024-003
    Significant Deficiency
  • 561152 2024-001
    Significant Deficiency
  • 561153 2024-002
    Significant Deficiency
  • 561154 2024-003
    Significant Deficiency
  • 1137576 2024-001
    Significant Deficiency
  • 1137577 2024-002
    Significant Deficiency
  • 1137578 2024-003
    Significant Deficiency
  • 1137579 2024-001
    Significant Deficiency
  • 1137580 2024-002
    Significant Deficiency
  • 1137581 2024-003
    Significant Deficiency
  • 1137582 2024-001
    Significant Deficiency
  • 1137583 2024-002
    Significant Deficiency
  • 1137584 2024-003
    Significant Deficiency
  • 1137585 2024-001
    Significant Deficiency
  • 1137586 2024-002
    Significant Deficiency
  • 1137587 2024-003
    Significant Deficiency
  • 1137588 2024-001
    Significant Deficiency
  • 1137589 2024-002
    Significant Deficiency
  • 1137590 2024-003
    Significant Deficiency
  • 1137591 2024-001
    Significant Deficiency
  • 1137592 2024-002
    Significant Deficiency
  • 1137593 2024-003
    Significant Deficiency
  • 1137594 2024-001
    Significant Deficiency
  • 1137595 2024-002
    Significant Deficiency
  • 1137596 2024-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
93.045 Special Programs for the Aging, Title Iii, Part C, Nutrition Services $296,903
93.778 Medical Assistance Program $170,973
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $110,340
93.053 Nutrition Services Incentive Program $94,826
93.044 Special Programs for the Aging, Title Iii, Part B, Grants for Supportive Services and Senior Centers $84,328
93.071 Medicare Enrollment Assistance Program $81,978
93.324 State Health Insurance Assistance Program $55,297
93.052 National Family Caregiver Support, Title Iii, Part E $50,637
93.779 Centers for Medicare and Medicaid Services (cms) Research, Demonstrations and Evaluations $22,586
93.568 Low-Income Home Energy Assistance $10,163
93.041 Special Programs for the Aging, Title Vii, Chapter 3, Programs for Prevention of Elder Abuse, Neglect, and Exploitation $3,843
93.043 Special Programs for the Aging, Title Iii, Part D, Disease Prevention and Health Promotion Services $457
94.006 Americorps State and National 94.006 $0