EIN: 222003702
UEI: G4ERJQD7RY51
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 26, 2025. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by May 26, 2026 (93 days ago).
What is a management decision? →Information on the Federal Program Federal Agency: U.S. Department of Environmental Protection Agency Federal Program: Capitalization Grants for Clean Water State Revolving Funds (CWSRF) Cluster Assistance Listing Number (ALN): 66.458 Award Number: S340640-26/29/30/36/33 Award Year: 2022 and 2023 Pass-through Entity: New Jersey Department of Environmental Protection Criteria or Specific Requirement Per 2 CFR §200.302(b)(1) and (3), non-federal entities must maintain records that identify the source and application of federal funds and must provide accurate, current, and complete disclosure of financial results for each federal award. Proper accounting for grant revenues and expenditures is essential for compliance with federal reporting and cost principles. Condition During our audit of federal grant activity, we noted that certain federal grant awards were not recorded in the Authority’s general ledger. Additionally, expenditures related to these grants were not posted to grant-specific accounts but were instead recorded in general expense accounts, making it difficult to track and reconcile grant activity. Questioned Costs None noted at this time. However, due to the lack of proper tracking, the full extent of potential questioned costs could not be determined. Context During the audit, it was noted that grant awards were not recorded in the general ledger and grant expenditures were not posted to grant-specific accounts. The sample was not statistically valid. Effect or Potential Effect Failure to record grant awards and expenditures accurately may result in (1) inaccurate financial reporting to federal agencies; (2) inaccurate reporting on the Schedule of Expenditures of Federal Awards; and (3) potential noncompliance with grant terms and federal audit requirements. Cause The Authority did not have adequate procedures in place to ensure that all federal grant awards were promptly recorded in the general ledger and that expenditures were tracked using grant-specific accounts. Identification as a Repeat Finding Not applicable. Recommendation We recommend that the Authority, (1) implement procedures to ensure all federal grant awards are recorded in the general ledger upon receipt; (2) establish and use grant-specific accounts to track all related expenditures; (3) conduct periodic reconciliations between grant award letters, project expenditures, and general ledger postings; and (4) provide training to accounting personnel on federal grant accounting, compliance and reporting requirements. View of Responsible Officials and Planned Corrective Action The responsible officials agree with the finding and will address the matter as part of their corrective action plan.
Show full finding ▾Hide full finding ▴Information on the Federal Program Federal Agency: U.S. Department of Environmental Protection Agency Federal Program: Capitalization Grants for Clean Water State Revolving Funds (CWSRF) Cluster Assistance Listing Number (ALN): 66.458 Award Number: S340640-26/29/30/36/33 Award Year: 2022 and 2023 Pass-through Entity: New Jersey Department of Environmental Protection Criteria or Specific Requirement Per 2 CFR §200.302(b)(1) and (3), non-federal entities must maintain records that identify the source and application of federal funds and must provide accurate, current, and complete disclosure of financial results for each federal award. Proper accounting for grant revenues and expenditures is essential for compliance with federal reporting and cost principles. Condition During our audit of federal grant activity, we noted that certain federal grant awards were not recorded in the Authority’s general ledger. Additionally, expenditures related to these grants were not posted to grant-specific accounts but were instead recorded in general expense accounts, making it difficult to track and reconcile grant activity. Questioned Costs None noted at this time. However, due to the lack of proper tracking, the full extent of potential questioned costs could not be determined. Context During the audit, it was noted that grant awards were not recorded in the general ledger and grant expenditures were not posted to grant-specific accounts. The sample was not statistically valid. Effect or Potential Effect Failure to record grant awards and expenditures accurately may result in (1) inaccurate financial reporting to federal agencies; (2) inaccurate reporting on the Schedule of Expenditures of Federal Awards; and (3) potential noncompliance with grant terms and federal audit requirements. Cause The Authority did not have adequate procedures in place to ensure that all federal grant awards were promptly recorded in the general ledger and that expenditures were tracked using grant-specific accounts. Identification as a Repeat Finding Not applicable. Recommendation We recommend that the Authority, (1) implement procedures to ensure all federal grant awards are recorded in the general ledger upon receipt; (2) establish and use grant-specific accounts to track all related expenditures; (3) conduct periodic reconciliations between grant award letters, project expenditures, and general ledger postings; and (4) provide training to accounting personnel on federal grant accounting, compliance and reporting requirements. View of Responsible Officials and Planned Corrective Action The responsible officials agree with the finding and will address the matter as part of their corrective action plan.
A standing monthly review meeting has been established between Finance and Engineering to review a list of current grants and the associated activity. This meeting will include discussing any future or proposed grant applications as well. Additionally, Finance and the audit team are meeting to review proper recording of the grants in the general ledger to ensure proper representation in the financial statements.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and compliance status.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.