Finding Text
2 CFR section 200.302(b)(3-4) states ?The financial management system of each non-Federal entity must provide for the following? (3) Records that identify adequately the source and application of funds for federally-funded activities. These records must contain information pertaining to Federal awards, authorizations, financial obligations, unobligated balances, assets, expenditures, income and interest and be supported by source documentation. (4) Effective control over, and accountability for, all funds, property, and other assets. The non-Federal entity must adequately safeguard all assets and assure that they are used solely for authorized purposes.? During our audit we noted $13,612.46 of payroll expenditures were counted twice on the June 30, 2022. $13,612.46 was over claimed. This is the actual amount. We believe this was a clerical error and extrapolation wasn?t practical because of the nature of discrepancy it was difficult to quantify them against all grant expenditures as this appears to be an isolated clerical error.