Finding Text
Finding 2022-002 ? Cash Management and Reporting Education Stabilization Fund ? AL #84.425, Year Ended June 30, 2022 U.S. Department of Education Pass-Through Entity ? Pennsylvania Department of Education Criteria: The Pennsylvania Department of Revenue requires Reconciliation of Cash on Hand Quarterly Reports for any program for which they are receiving monthly payments. These quarterly reports are due the 10th working days of January, April, July, and October. The Pennsylvania Department of Education requires final expenditure reports to be filed documenting the financial transactions of each grant. The final reports are due within 30 days after funds are expended but no later than 30 days after the ending date of the project. Districts are required to have appropriate controls over the accuracy of preparation and timely filing of final expenditure reports. Condition: The District has not filed the required quarterly reports since March 2022 for grant #200-210475, #223-210475, #224-210475, and #225-210475 which in turn resulted in PDE halting payments and placing these grants in suspension of payment/delinquent quarterly report status. The District has not filed the required quarterly reports since March 2022 for grant #181-212477 in a timely manner within the 10-day requirement. Cause and Effect: The District's Business office did not file the quarterly cash on hand reports timely. By not filing the required reports timely, the District is potentially risking a withholding of federal funds by the PDE until the reports are properly filed. Identification of Repeat Finding: No Questioned Costs: None Recommendation: Procedures should be established to ensure that the District files all quarterly cash on hand within 10 days of quarter ending and final expenditure reports within 30 days after the funds are expended, but no later than 30 days after the ending date of the project. Management Response: The District will review and establish procedures to ensure that all required quarterly cash on hand and final expenditure reports are properly completed within the required time periods, and that the information reported has been properly calculated based upon properly calculated and adjusted monthly revenues and expenditures.