Finding Text
2022-002 ? Material Weakness ? Basic Center Program ? Assistance Listing 93.623 Condition: Documentation of matching funds was not properly documented. Criteria: The grant contract requires matching fund requirements to be met. The Organization doesn?t have financial accounting or documentation to show these matching fund requirements were met. Cause: Procedures are in place for matching fund documentation, but documentation was not accounted for correctly. Effect: The cost of the assistance may be disallowed. Recommendation: In the financial accounting system, matching funds should be accounted for to show the matching requirements have been met, and that matching funds are not being used for multiple grants. Views of Responsible Officials and Planned Corrective Actions: Karis, Inc. agrees with the finding and the recommended procedures have been implemented.