Finding Text
Criteria: Agency financial reporting requirements are designed to ensure maximum transparency around the use of award funds consistent with 2 CFR 200 and to enable sufficient monitoring by the Treasury. Condition: Costs reported on certain quarterly report submissions did not correspond to amounts reported in the general ledger. Cause: The County did not have adequate procedures for reconciling amounts used in the preparation of the reports to amounts reported in the general ledger. Effect: Amounts reported to the Treasury did not reconcile to the general ledger. Identification as a Repeat Finding: A similar finding was reported in the prior year?s audit as finding number 2021-002. Auditor's Recommendation: The County should develop procedures to ensure that amounts reported reconcile to the general ledger. Additionally, reports should be reviewed by someone that is independent of the preparation of the report.