Finding 8599 (2022-001)

2023-001: Prior Period Restatement Condition: During our audit it was noted that the Organization had HEERF accounts receivable and revenue amount recorded incorrectly. Management determined this amount was not a valid accounts receivable and a prior period adjustment was required. Criteria: The Organization should maintain adequate internal controls to ensure accounts receivables and revenue represent valid claims for the Organization. Cause: The Organization had outsource bookkeeping company that did not understand the HEERF funding model. Effect: Prior period accounts receivables and revenue were overstated by $180,430. Recommendation: We recommend that the Organization assess the internal controls over accounts receivable and revenue to ensure valid claims. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.