Finding 615416 (2022-002)

Significant Deficiency
Requirement
B
Questioned Costs
$1
Year
2022
Accepted
2023-09-28

AI Summary

  • Core Issue: The Organization charged the grant for expenses that were not actually paid, leading to a lack of clear documentation linking expenses to reimbursements.
  • Impacted Requirements: This violates federal regulations CFR 200.302 and 200.403 regarding proper tracking and allocation of grant funds.
  • Recommended Follow-Up: Implement a general ledger project designation for better tracking of grant funds and ensure program beneficiaries are paid or funds returned to the SBA.

Finding Text

Unallowable Costs Significant Deficiency U.S. SMALL BUSINESS ASSOCIATION (SBA) ALN #: 59.077 Federal Award Identification #: COVID-19 Community Navigator Pilot Program (SBAHQ22CNP0036) Condition: The Organization charged and was reimbursed for grant expenses that were not paid. There also is not a clear trail from source document to expenditures charged to the federal grant. Criteria: CFR 200.302, 200.403 Questioned Costs: $17,984 Context: Out of $253,139 of non-payroll expenses charged to the grant and reimbursed, $17,984 was not yet paid to program beneficiaries. Cause: Financial management system is not adequate to track grant funds and expenses from source document to grant reimbursement. Effect: Potential for over charging the grant for expenses not allocable to the program or charging the same expense to multiple funding sources. Identification as repeat finding, if applicable: Not Applicable Recommendation: We recommend that the Organization track grant funds through a general ledger project designation to provide an audit trail from source document to grant revenue and allowable grant expenditures. We also recommend that the program beneficiaries be paid or the funds reimbursed be returned to the SBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

Questioned Costs Allowable Costs / Cost Principles

Other Findings in this Audit

  • 38974 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
59.077 Covid-19 Community Navigator Pilot Program $476,804
59.008 Covid-19 Disaster Assistance Loans $350,000
59.043 Women's Business Ownership Assistance: Activating Talent, Opportunity and Potential in Rural Women-Owned Businesses $170,069
59.043 Women's Business Ownership Assistance Renewal $125,367
11.020 Cluster Grants $98,938
19.040 Public Diplomacy Programs $34,093