Finding 598904 (2022-002)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-10-01
Audit: 22553
Organization: Amskills, Inc. (FL)

AI Summary

  • Core Issue: Indirect costs were not allocated, impacting expense reimbursement and financial reporting.
  • Impacted Requirements: This affects the accuracy of program expenditures and potential reimbursements from the Department of Labor.
  • Recommended Follow-Up: Develop a formal policy for indirect cost allocation to ensure proper expense reflection for each program.

Finding Text

During audit procedures, a lack of indirect cost allocation was noted. The costs allocated to programs affect the reimbursement of expenses and the presentation of expenditures by program in the statement of functional expenses for financial statement users. A lost opportunity for cost reimbursement with the Department of Labor was noted due to this lack of indirect cost allocation. We recommend the Organization create a formal policy for the allocation of indirect costs to appropriately reflect total expenses for each program.

Categories

Allowable Costs / Cost Principles Cash Management

Other Findings in this Audit

  • 22461 2022-001
    Material Weakness
  • 22462 2022-002
    Significant Deficiency
  • 22463 2022-003
    Significant Deficiency
  • 22464 2022-001
    Material Weakness
  • 22465 2022-003
    Significant Deficiency
  • 22466 2022-001
    Material Weakness
  • 22467 2022-003
    Significant Deficiency
  • 22468 2022-001
    Material Weakness
  • 22469 2022-003
    Significant Deficiency
  • 22470 2022-001
    Material Weakness
  • 22471 2022-003
    Significant Deficiency
  • 598903 2022-001
    Material Weakness
  • 598905 2022-003
    Significant Deficiency
  • 598906 2022-001
    Material Weakness
  • 598907 2022-003
    Significant Deficiency
  • 598908 2022-001
    Material Weakness
  • 598909 2022-003
    Significant Deficiency
  • 598910 2022-001
    Material Weakness
  • 598911 2022-003
    Significant Deficiency
  • 598912 2022-001
    Material Weakness
  • 598913 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.218 Community Development Block Grants/entitlement Grants $434,253
17.277 Workforce Investment Act (wia) National Emergency Grants $373,831
14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants $242,909
84.048 Career and Technical Education -- Basic Grants to States $17,813
21.027 Coronavirus State and Local Fiscal Recovery Funds $14,765