Finding Text
Significant Deficiency. As discussed at Finding 2023-004, the same payroll expenses totaling $59,192, were charged to two federal grants during fiscal year ending June 30, 2023. Costs were approved for funding during the interim funding period on an existing award; however, after the new grant funds were awarded, the costs were charged and drawn again. Internal controls should be in place to provide reasonable assurance that adjustments are correct by having proper segregation of duties to track and record journal entries and review and approval of journal entries.