MINNESOTA INDIAN WOMEN'S RESOURCE CENTER

February 2, 2022 U.S. Department of the Treasury Passed-through the State of Minnesota U.S. Department of Health and Human Services Passed-through the State of Minnesota Minnesota Indian Womens' Resource Center respectfully submits the following corrective action plan for the year ended December 31, 2020. Name and address of independent public accounting firm: Abdo, LLP 5201 Eden Avenue, Suite 250 Edina, MN 55436 Audit period: January 01, 2020 - December 31, 2020 The findings from the December 31, 2020 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Findings ? Financial Statement Audit 2020-001 ? Material Audit Adjustments Recommendation: We recommend the Organization review and update its month-end and year-end processes to ensure all accounts are current at year end. Planned Action: The finding is a result of inaccurate recording of one grant in the amount of $200,000. The grant was awarded in December 2020 and paid by the funder in January 2021. MIWRC erroneously recorded the grant revenue in January 2021 when the funds were received. Proper accounting treatment was to record the grant revenue and a corresponding grant receivable in December when the grant was awarded. The receivable would then be relieved in January when the payment on the grant was received. Even though the error involved only one transaction, the error rises to the level of a material weakness because of the significant dollar amount. The correction to grant revenue and grant receivable was properly recorded prior to issues the final financial statements. 2020-002 ? Material Weakness in Internal Controls over Compliance Recommendation: We recommend that the Organization track the necessary information during the year and implement a review process to ensure correct reporting on the Schedule of Expenditures of Federal Awards prior to the audit. Planned Action: The organization omitted three grants on the first preparation of the SEFA, one grant from the Minneapolis Housing Authority that was actually funded by the US Department of Housing and Urban Development in the approximate amount of $150,000. The other two were each less than $4,000. The following action has been taken to improve the situation: MIWRC will implement a process to track the CFDA number for all grants to ensure grants funded by the federal government but paid through local governments are included in our SEFA. If Ramsey County, the State of Minnesota, or the U.S. Department of the Treasury have questions regarding this plan, please call Chum Struve, at (651) 247-3091. Sincerely, Marisa Cummings CEO