FAC Explorer

Finding 964672 (2023-011)

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Requirement
N
Questioned Costs
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Year
2023
Accepted
2024-03-28
Audit: 299997
Organization: Four Square Community Action, Inc. (NC)
Auditor: Sheila Gahagan CPA

AI Summary

  • Issue: Fixed asset records for Head Start are missing key details like identification numbers, federal acquisition percentages, and property condition.
  • Trend: No physical inventory has been conducted in the last two years, raising concerns about asset tracking.
  • Recommendation: Conduct a comprehensive physical inventory and update records to include all required information.

Finding Text

Condition: The fixed asset records for Head Start does not include identification numbers for equipment, the federal percentage used to acquire the property, the location or condition of property. A physical inventory was not performed during the last two years.

Categories

Equipment & Real Property Management

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $1.77M
93.600 Head Start $189,447
10.558 Child and Adult Care Food Program $172,272
81.042 Weatherization Assistance for Low-Income Persons $143,837
93.568 Low-Income Home Energy Assistance $81,372
14.239 Home Investment Partnerships Program $72,411
93.569 Community Services Block Grant $45,642