FAC Explorer

Finding 576778 (2022-006)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-10-17
Audit: 676
Organization: Economic Development Bank for Puerto Rico (PR)
Auditor: Landa Umpierre Psc

AI Summary

  • Core Issue: One grant (2% of the sample) had an Environmental Review Report signed after the grant agreement date.
  • Impacted Requirements: This finding indicates a potential non-compliance with the environmental review requirements.
  • Recommended Follow-Up: Review grant processes to ensure all environmental reviews are completed before signing grant agreements.

Finding Text

From a total of 1,484 SBF Program Recovery Grants (the grants) awarded to business applicants during the year ended June 30, 2022, in the amount of $64,654,049, we selected a sample of sixty-six (66) grants awarded, in the total amount of $2,839,563, to verify compliance with environmental reviews requirements and noted that in one (1) case, representing 2% of the sample, the Environmental Review Report was signed by the Business Applicant after the Grant Award Agreement’s date.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 332 2022-002
    Material Weakness Repeat
  • 333 2022-003
    Material Weakness
  • 334 2022-004
    Material Weakness
  • 335 2022-005
    Material Weakness Repeat
  • 336 2022-006
    - Repeat
  • 337 2022-007
    Significant Deficiency Repeat
  • 576774 2022-002
    Material Weakness Repeat
  • 576775 2022-003
    Material Weakness
  • 576776 2022-004
    Material Weakness
  • 576777 2022-005
    Material Weakness Repeat
  • 576779 2022-007
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $67.49M