Finding 572454 (2024-001)

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Requirement
L
Questioned Costs
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Year
2024
Accepted
2025-08-04

AI Summary

  • Core Issue: The District lacks internal controls for accurate and timely federal report submissions.
  • Impacted Requirements: Reports must be submitted quarterly by the 21st day of the following month, as per 2 CFR §200.328(b)(1).
  • Recommended Follow-Up: Implement a tracking system for deadlines, assign report responsibilities, and establish a review process for compliance.

Finding Text

Condition: During our audit of the District’s compliance with federal program requirements, we noted that the District does not have established internal controls over the reporting process. Specifically, there are no formal procedures in place to ensure the accuracy, completeness, and timeliness of required federal reports. Criteria: In accordance with 2 CFR §200.328(b)(1) and the specific terms and conditions of the federal award agreement, recipients are required to submit performance and/or financial reports quarterly, no later than the 21st day of the following month after the end of each calendar quarter. Timely submission of these reports is essential for the federal awarding agency to monitor progress and compliance with program objectives. Cause: This is the first year the District has been subject to a single audit, exceeding the $750,000 expenditure threshold, and did not have adequate internal controls in place to ensure that reporting deadlines were tracked and met consistently. Oversight of the reporting calendar and assignment of responsibilities were not clearly documented. Effect: Failure to submit required reports on time constitutes noncompliance with federal grant requirements. Late submissions may impede the federal agency’s ability to monitor the project’s progress and may affect future funding decisions or lead to additional oversight. Recommendation: We recommend that the District strengthen its internal control system by implementing a formal tracking mechanism for federal reporting deadlines, assigning responsibility for report preparation and submission, and establishing a review process to ensure timely compliance with all grant reporting requirements. Views of Responsible Officials: See the attached Corrective Action Plan.

Corrective Action Plan

Recommendation: We recommend that the District strengthen its internal control system by implementing a formal tracking mechanism for federal reporting deadlines, assigning responsibility for report preparation and submission, and establishing a review process to ensure timely compliance with all grant reporting requirements. Corrective Action: 1. Designate a primary report preparer and assign a secondary reviewer to verify report accuracy, completeness, and timeliness prior to submission. 2. Implement a report review checklist to be completed and signed by both preparer and the reviewer, filed with each submission. Person Responsible for Corrective Action: William Clayton, Finance Manager Anticipated Completion Date for Corrective Action: Corrective Action is immediately implemented in response to the auditors’ recommendation.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.17M