Finding Text
Criteria:
Per the U.S. Small Business Administration Shuttered Venue Operators Grant Post-Award
Frequently Asked Questions - 2022, Question 132, "the Audit Report should be completed and
submitted to SBA within 9 months of the end of the Grantee’s fiscal year in which $750,000 or more
of Federal Funds have been expended" for non-Federal (including non-profit) entities.
Condition:
The Museum's fiscal year, in which more than $750,000 of Federal Funds were expended, ended
on December 31, 2021. Per the SVOG Frequently Asked Questions guidance, the Audit Report
should have been completed and submitted to the SBA by September 30, 2022. The audit report
was not completed until August of 2023.
Cause:
The Museum did not have controls in place to ensure that Audit Report was completed and
submitted in compliance with the SBA requirement for the Shuttered Venue Operators Grant
program.
Recommendation:
We recommend that the Museum implement controls that ensure that any reporting compliance
requirements related to the expenditure of Federal Funds are completed on a timely basis.
Views of responsible officials and planned corrective actions:
The Museum concurs with the recommendation. The Museum has implemented a new procedure to
ensure that any future reporting compliance requirements related to the expenditure of Federal
Funds are completed on a timely basis. The Museum strives to continuously identify methods to
improve internal controls.