Finding Text
2023 – 001
Federal agency: U.S. Department of Treasury
Federal program title: Coronavirus State and Local Fiscal Recovery Funds
Assistance Listings Number: 21.027
Award Period: March 3, 2021 through December 31, 2024
Compliance Requirement Affected: Reporting
Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matter
Criteria or specific requirement: In accordance with the Compliance and Reporting Guidance - State and Local Fiscal Recover Funds, current period amounts included on the annual reporting as of March 31, 2023 should cover the period from April 1, 2022 through March 31, 2023.
Condition: Current period obligations and current period expenditures on the March 31, 2023, reporting covered the period from July 1, 2022, through June 30, 2023.
Questioned costs: None.
Context: Error was noted on 1 of 1 annual reports.
Cause: Reporting period parameters between the City's fiscal year and the time period required under the grant award were confused.
Effect: Incorrect current period obligations and current period expenditures were included on the March 31, 2023, annual reporting.
Repeat Finding: No.
Recommendation: We recommend that the City's review of the annual reporting include a rollforward check to determine that the prior period's cumulative obligation and expenditure totals, plus the current period obligations and current period expenditures agree to cumulative totals.