FAC Explorer

Finding 564561 (2024-002)

Significant Deficiency
Requirement
A
Questioned Costs
-
Year
2024
Accepted
2025-06-12
Audit: 358679
Organization: New Hampshire College & University Council (NH)
Auditor: Paolilli Jarek Hession & Pare LLC

AI Summary

  • Answer: Management did not formally review the grant budget against actual spending.
  • Trend: This lack of review could lead to financial discrepancies and mismanagement of funds.
  • List: Recommend implementing regular budget reviews to ensure alignment and accountability.

Finding Text

There was no formal review by Management of the grant budget versus actual expenditures performed.

Corrective Action Plan

Management acknowledges the recommendation and will review all allocations for expenses to determine the allocations are in line with approved grant budgets. Note - Currently the management team reviews monthly organizational financials and will add in a monthly budget to actual review by grant.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 564562 2024-002
    Significant Deficiency
  • 564563 2024-003
    Significant Deficiency
  • 564564 2024-003
    Significant Deficiency
  • 1141003 2024-002
    Significant Deficiency
  • 1141004 2024-002
    Significant Deficiency
  • 1141005 2024-003
    Significant Deficiency
  • 1141006 2024-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $59,193
84.116 Fund for the Improvement of Postsecondary Education $57,648
84.310 Statewide Family Engagement Centers $36,942