Finding Text
Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards requires non· federal government entities that expend more than $750,000 in Federal financial assistance to have a Single Audit. All Federal expenditures should be reported on the Schedule of Expenditures of Federal Awards ("SEFA"). Condition: The Township received Federal funding from a number of different sources. During the audit it was noted that the grant contracts were executed by the prior Township manager. The current manager was not aware there was an audit requirement until notified by the grantor. Cause: Internal controls over compliance do not include procedures for identifying and tracking all Federal funds received, and expended, by the Township. Effect: There is an increased risk of noncompliance if the Township does not have controls in place to identify and report all Federal funds. Recommendation: We recommend the Township designate an individual to act as a grant
coordinator. This individual would be responsible for identifying Federal awards, tracking expenditures and preparing the schedule of expenditures of Federal awards.