Finding Text
Finding 2022-004 Criteria or Specific Requirement: The Code of Federal Regulations Section 200.302(b)(6) requires the non-Federal entity to provide written procedures to implement the requirements of cash management as defined in 200.305. Condition: During our testing of cash management, approvals over the draw requests were omitted. Cause: Controls over approvals of the cash draw requests are not fully implemented. Effect or Potential Effect: The lack of approvals could lead to mishandling of the cash management. Context: Eight out of forty-six drawdown requests were sampled and four did not contain documented approvals. Questioned costs: None noted. Repeat Finding: no. Recommendation: We recommend the Organization implement policies, procedures, and training to ensure all grant draw requests are reviewed and approved prior to submission to the awarding agency. Views of Responsible Officials: Management agrees with the finding and will implement a process to document its policies and procedures.