Finding Text
2022-003 Federal Program: U.S. Department of Treasury Passed through the New Jersey Economic Development Authority COVID-19 Sustain and Serve NJ CFDA #21.019 Criteria: The Sustain and Serve Agreement requires funds to be spent at ?Eligible Restaurants?. Eligible Restaurants are approved by the awarding agency. Condition: The Foundation requested and received reimbursement for payments made to an ineligible restaurant. Effect: Costs to ineligible restaurant are unallowable. Questioned Cost: Cost of $12,850 were paid to the ineligible restaurant. Context: A sample of 40 payments to restaurants totaling $464,776 was selected for audit from a population totaling $1,064,742. The finding relates to one ineligible restaurant noted in our population. Our sample was a statistically valid sample. Recommendation: The Foundation should implement procedures to verify that all restaurants requesting reimbursement be verified as "Eligible Restaurants". View of Responsible Officials and Planned Corrective Action: The Foundation acknowledges and agrees with the findings and in the process of addressing this finding.