Finding Text
Project and Expenditure Report (Quarterly Report)
Criteria – The Uniform Guidance, Part 200.303, requires the auditee establish and maintain effective internal control over the federal award which provides reasonable assurance the auditee is managing the federal award in compliance with federal statutes, regulations, and the terms of the federal award. The City is required to submit an annual project and expenditures report.
Condition – The required report was submitted 3 days late.
Cause – City procedures have not been established to ensure the report is submitted timely.
Effect – The lack of established policies and procedures resulted in the late submission of the
required report.
Recommendation – The City should establish policies and procedures to ensure reports are submitted timely in accordance with the Compliance and Reporting Guidance.
Response and Corrective Action Planned – A policy and procedure will be established to ensure the annual Project and Expenditure Report is submitted prior to the reporting deadline.
Conclusion – Response accepted.