FAC Explorer

Finding 614754 (2022-022)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-04-25
Audit: 30078
Organization: Lowell Community Loan Fund, Inc. (MA)
Auditor: Anstiss & CO PC

AI Summary

  • Answer: The material weakness identified in Finding 2022-001 also affects the U.S. Department of Treasury grant.
  • Trend: This indicates ongoing issues that need to be addressed to ensure compliance and effectiveness.
  • List: Follow up on corrective actions related to Finding 2022-001 to mitigate the weakness for this grant.

Finding Text

U.S. Department of Treasury Community Development Investment Financial Institutions Rapid Response Program -Assistance Listing number 21.024 Grant Period - Year Ended December 31, 2022 Material Weakness 2022-002 The material weakness at Finding 2022-001 applies to this grant.

Categories

Material Weakness

Other Findings in this Audit

  • 38312 2022-022
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $1.05M
21.020 Community Development Financial Institutions Program $300,000