Finding Text
2022-001 U.S. Department of Agriculture, Federal Financial Assistance Listing 10.766 Community Facilities Loans and Grants Reporting Material Weakness in Internal Control over Compliance and Compliance Criteria: Center for Creativity, Innovation & Discovery should have policies and procedures in place to ensure audited financial statements and budgetary information are submitted annually to the USDA. Condition: In connection with the audit procedures performed, it was noted that the required reports were not submitted to the USDA. Center for Creativity, Innovation & Discovery?s system of internal control did not include procedures related to reporting to the USDA. Cause: Center for Creativity, Innovation & Discovery was unaware of the requirement to provide the required reports to the USDA. Effect: The School is not in compliance with USDA loan requirements. Questioned Costs: None reported Context: In connection with the audit procedures performed, it was noted that the required reports were not submitted to the USDA. Repeat Finding from Prior Year: No Recommendation: Center for Creativity, Innovation & Discovery should submit the required audited financial statements and budgetary information to the USDA. Views of Responsible Officials: Management agrees with this finding.