Finding 570523 (2023-003)

Material Weakness
Requirement
CL
Questioned Costs
$1
Year
2023
Accepted
2025-07-07
Audit: 361514
Organization: Codeva, Inc. (VA)
Auditor: Keiter

AI Summary

  • Core Issue: The Organization requested reimbursement for more money than it actually spent.
  • Impacted Requirements: Grant guidelines specify that only incurred expenses can be reimbursed.
  • Recommended Follow-Up: The Organization should coordinate with the grantor to return excess funds or adjust future services accordingly.

Finding Text

Condition: The Organization has requested reimbursement for amounts in excess of expenses incurred. Criteria: Under the relevant grant agreement guidelines, the grant operates as a reimbursement-based grant whereby expenses are first incurred by the Organization, and then reimbursed by the grantor. Cause: Amounts entered into analysis of expenses incurred were incorrectly keyed and not sufficiently reviewed for accuracy. Effect: The Organization requested and received reimbursement amounts in excess of expenses incurred. Context: From grant inception to Jun 30, 2023, the Organization has incurred $1,673,008 and has been reimbursed $1,967,184. Recommendation: The Organization should work with the grantor to either return the excess grant funds received or provide services under the grant without additional reimbursement. Views of Responsible Officials and Planned Correction Actions: The Organization will work with the grantor to resolve this issue.

Corrective Action Plan

The Organization has engaged a management consulting firm with expertise in financial accounting and reporting to implement additional review and oversight procedures in its financial policies.

Categories

Questioned Costs Cash Management

Other Findings in this Audit

  • 570521 2023-001
    Material Weakness
  • 570522 2023-002
    Material Weakness
  • 570524 2023-004
    Material Weakness
  • 570525 2023-001
    Material Weakness
  • 570526 2023-002
    Material Weakness
  • 570527 2023-003
    Material Weakness
  • 570528 2023-004
    Material Weakness
  • 570529 2023-001
    Material Weakness
  • 570530 2023-002
    Material Weakness
  • 570531 2023-003
    Material Weakness
  • 570532 2023-004
    Material Weakness
  • 1146963 2023-001
    Material Weakness
  • 1146964 2023-002
    Material Weakness
  • 1146965 2023-003
    Material Weakness
  • 1146966 2023-004
    Material Weakness
  • 1146967 2023-001
    Material Weakness
  • 1146968 2023-002
    Material Weakness
  • 1146969 2023-003
    Material Weakness
  • 1146970 2023-004
    Material Weakness
  • 1146971 2023-001
    Material Weakness
  • 1146972 2023-002
    Material Weakness
  • 1146973 2023-003
    Material Weakness
  • 1146974 2023-004
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
47.076 Stem Education (formerly Education and Human Resources) $332,613
47.070 Computer and Information Science and Engineering $96,436