Finding 606934 (2022-003)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-11-15
Audit: 26062
Auditor: Abdo LLP

AI Summary

  • Issue: The Cooperative overdrawn on the IDEA Part B grant, claiming more funds than allowed.
  • Requirements Impacted: Lack of reconciliation between expenses and grant draws led to incorrect revenue reporting.
  • Follow-Up: Implement a process to regularly compare expenses with grant draws to prevent future overdraws.

Finding Text

2022-003 Overdrawn Grant Federal Agency: U.S. Department of Education Federal Program Titles: IDEA Part B Section 611 Discretionary Low Incidence CFDA Number: 84.027 Pass-Through Agency: Minnesota Department of Education Pass-Through Numbers: H027A180087 Condition: The Cooperative inadvertently made a draw on their IDEA Part B Section 611 Discretionary Low Incidence grant that had already been claimed. Because of this, the Cooperative received excess grant receipts. Criteria: A reconciliation of the Cooperatives grant project detail to the grant claims showed less expenses than grant revenues. Cause: The Cooperative did not reconcile expenses to grant draws. Effect: The revenue claimed on the Cooperative?s grant draws was not correct, thus requiring a payable back to the State of Minnesota for $79,314 to remit the overdrawn amount. Recommendation: The Cooperative should compare expenses coded to each grant finance code with draws made. Management Response: There is no disagreement with the audit finding.

Categories

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Other Findings in this Audit

  • 30492 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.354 Public Health Emergency Response: Cooperative Agreement for Emergency Response: Public Health Crisis Response $428,752
84.048 Career and Technical Education -- Basic Grants to States $380,814
84.027 Special Education_grants to States $342,151
84.181 Special Education-Grants for Infants and Families $74,701
84.425 Education Stabilization Fund $58,797
84.173 Special Education_preschool Grants $54,751
45.025 Promotion of the Arts_partnership Agreements $19,566