Finding 627185 (2022-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-05-21

AI Summary

  • Core Issue: The Data Collection Form for the year ended July 31, 2022, was filed late due to insufficient internal controls over Federal financial reporting.
  • Impacted Requirements: Effective internal controls are necessary for timely submission of financial documents as per federal guidelines.
  • Recommended Follow-Up: Implement new accounting procedures and controls to ensure timely filing and prepare for the upcoming audit to avoid similar issues.

Finding Text

Finding Reference: (2022-002) Material Weakness Criteria - Management is responsible for establishing and maintaining effective internal controls and for the fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America. Condition - The Data Collection Form for the year ended July 31, 2022 was not filed with the Federal Audit Clearinghouse within nine months after year end. Cause - The late finding resulted from a lack of internal controls over Federal financial reporting. Effect - The Data Collection Form for the year ended July 31, 2022 was not filed with the Federal Audit Clearinghouse within nine months after year end. Questioned Costs - None identified. Recommendation - Mohawk Valley Community Action Agency, Inc. should establish accounting procedures to properly identify Federal expenditures and implement controls to complete the timely submission of the Data Collection Form. Management?s Response - Mohawk Valley Community Action Agency has implemented accounting procedures to ensure proper identification of federal expenditures and timely submission of the data collection form to the Federal Audit Clearinghouse. Additionally, to avoid future delays with the audit for the year ended July 31, 2023, we are working with our auditors and are planning for timely completion of our audit and to address both findings 2022-001 and 2022-002 as follows: ? An audit entrance conference with the Board of Directors will be held on Monday, June 26th, 2023. EFPR Group will present the outline and timetable for the 2023 audit. ? The Fiscal Director will meet with EFPR Group in July prior to the fiscal year end to review and discuss the prior year audit adjustments with the goal of not having similar adjustment resulting from the 2023 audit. ? A draft trial balance will be ready at the end of September 2023. ? All reconciliations will be completed by Mid-October. ? Field work by EFPR Group will be conducted in mid-November 2023. ? An audit exit conference with Board of Directors will be scheduled for Monday, December 11th, 2023 to present draft financial statements for 2023. ? The audit will be finalized and submitted to the Federal Audit Clearing House by December 31, 2023.

Categories

Reporting Material Weakness

Other Findings in this Audit

  • 50735 2022-002
    Material Weakness Repeat
  • 50736 2022-002
    Material Weakness Repeat
  • 50737 2022-002
    Material Weakness Repeat
  • 50738 2022-002
    Material Weakness Repeat
  • 50739 2022-002
    Material Weakness Repeat
  • 50740 2022-002
    Material Weakness Repeat
  • 50741 2022-002
    Material Weakness Repeat
  • 50742 2022-002
    Material Weakness Repeat
  • 50743 2022-002
    Material Weakness Repeat
  • 627177 2022-002
    Material Weakness Repeat
  • 627178 2022-002
    Material Weakness Repeat
  • 627179 2022-002
    Material Weakness Repeat
  • 627180 2022-002
    Material Weakness Repeat
  • 627181 2022-002
    Material Weakness Repeat
  • 627182 2022-002
    Material Weakness Repeat
  • 627183 2022-002
    Material Weakness Repeat
  • 627184 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $1.42M
93.600 Head Start - Covid-19 $762,961
81.042 Weatherization Assistance for Low-Income Persons $722,612
93.569 Community Services Block Grant $480,093
93.667 Social Services Block Grant $375,015
10.558 Child and Adult Care Food Program $360,211
93.569 Community Services Block Grant - Covid-19 $295,239
94.011 Foster Grandparent Program $274,827
21.023 Emergency Rental Assistance Program $198,994
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $123,606
93.600 Head Start $118,061
93.575 Child Care and Development Block Grant - Covid-19 $97,767
93.568 Low-Income Home Energy Assistance $80,397
17.259 Wia Youth Activities $43,520
14.218 Community Development Block Grants/entitlement Grants - Covid-19 $7,000