The material weaknesses in the financial statements section of the Uniform Guidance Audit FY 2022, and
the significant deficiency in grant award reporting section, are of extreme importance to Chicago Family
Health Center, Inc (CFHC). They are the result of unattended bookkeeping during periods of turnover and
vacancies of positions in the finance team. The tardy fiscal audit affected various reporting, including the
Uniform Guidance Audit timelieness.
Management is in agreement with ORBA’s findings, and an action plan has already begun to address the
weaknesses and deficiencies:
- Tracking and updating an intrium SEFA with attributes for pass-through; contract number; and grant
period.
- Preparation and review of reconciliations for each balance sheet account
- Rebalancing of staff workload to promote separation of duties.
- Training all finance and operations staff involved in financial reporting on GAAP accounting and
reporting standards
- Following standard operating procedures with defined due dates for accounting cycles