Finding 609361 (2022-002)

Material Weakness
Requirement
C
Questioned Costs
-
Year
2022
Accepted
2023-07-28
Audit: 31541
Organization: Opportunity Alabama, Inc. (AL)
Auditor: Bmss LLC

AI Summary

  • Core Issue: A grant reimbursement report was submitted five months late.
  • Impacted Requirements: Timely submission of reports and proper year-end cutoff were not met.
  • Recommended Follow-Up: Ensure timely submission of reimbursement reports and maintain a record of open periods.

Finding Text

Finding 2022-002 Timely Submittal of Reimbursement Reports and Cutoff Criteria: The Organization?s management is responsible for proper internal control over financial reporting, including timely submittal of reimbursement reports and cutoff. Condition: During the audit, we noted one grant reimbursement report was submitted five months after the reimbursement period ended. Effect: The expenses associated with this reimbursement were not appropriately considered for year-end cutoff resulting in a prior period adjustment. Recommendation: We recommend reimbursement reports be submitted in a timely manner and that a record be maintained of all open reimbursement periods.

Categories

Cash Management Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 32918 2022-001
    Material Weakness
  • 32919 2022-002
    Material Weakness
  • 32920 2022-003
    Significant Deficiency
  • 32921 2022-001
    Material Weakness
  • 32922 2022-002
    Material Weakness
  • 32923 2022-003
    Significant Deficiency
  • 32924 2022-001
    Material Weakness
  • 32925 2022-002
    Material Weakness
  • 32926 2022-003
    Significant Deficiency
  • 32927 2022-001
    Material Weakness
  • 32928 2022-002
    Material Weakness
  • 32929 2022-003
    Significant Deficiency
  • 609360 2022-001
    Material Weakness
  • 609362 2022-003
    Significant Deficiency
  • 609363 2022-001
    Material Weakness
  • 609364 2022-002
    Material Weakness
  • 609365 2022-003
    Significant Deficiency
  • 609366 2022-001
    Material Weakness
  • 609367 2022-002
    Material Weakness
  • 609368 2022-003
    Significant Deficiency
  • 609369 2022-001
    Material Weakness
  • 609370 2022-002
    Material Weakness
  • 609371 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
11.307 Economic Adjustment Assistance $800,713
23.001 Appalachian Regional Development (see Individual Appalachian Programs) $192,314
11.020 Cluster Grants $73,843
14.252 Section 4 Capacity Building for Community Development and Affordable Housing $17,629