Finding Text
2022-001: Return of funds not deposited by dairy farmer recipients U.S. Department of Agriculture; Agricultural Marketing Service Pandemic Market Volatility Assistance and Education Program (ALN 10.183) Federal Award Year: 2021-2022 Finding: The Organization did not return Pandemic Market Volatility Assistance and Education Program (PMVAP) monies not deposited by dairy farmer recipients within 180 days of disbursement to the United States Department of Agriculture (USDA). Criteria: Pursuant to the PMVAP agreement with the Agricultural Marketing Service of the USDA, any monies not deposited by the dairy farmer recipient within 180 days of disbursement by the Organization must be remitted to the USDA by October 1, 2022. Condition: The Organization did not timely remit any monies not deposited by dairy farmer recipients to the USDA by October 1, 2022. Cause: As of October 1, 2022, the Organization was investigating if undeposited funds should be voided and re-issued to the dairy farmer recipients through year-end bank statement reconciliation procedures. Effect: The Organization did not timely void any checks not deposited by the dairy farmer recipients or remit such funds to the USDA. Questioned costs: As of October 1, 2022, $43,378 in PMVAP funds were not deposited by dairy farmer recipients or remitted to the USDA. Context: Out of 1,548 dairy farmer recipients, 44 had not deposited their funds as of October 1, 2022. Recommendation: We recommend the Organization monitors and reconciles undeposited federal funds on a more frequent basis. In addition, we recommend the Organization remit any undeposited funds to the USDA as soon as resolution is achieved. View of responsible officials: Management agrees with this finding.