Criteria: Management is responsible for establishing and maintaining effective internal controls over financial reporting. Condition: Reconciliations for certain bank accounts and donor restricted net assets were not occurring as designed during the fiscal year. Effect: Internal control design testing identified reconciliations that were not reviewed timely during the fiscal year 2022. Cause: Inadequate turnover and staffing constraints, specifically within finance, contributed to delays in reconciliation completion and review. Recommendation: We recommend management work to ensure accurate and complete financial and accounting records. Views of Responsible Officials and Corrective Action Plan: The Center agrees with the finding and will implement additional controls to ensure that this does not recur. Please refer to the corrective action plan.
The Center has established month end and annual reporting calendars with due dates. With significant turnover within executive and finance departments, this responsibility has been reassigned and monitored by the CFO
Criteria: Pursuant to the reporting requirement set forth by Uniform Guidance, the Organization is required to file the annual Single Audit to the Federal Audit Clearinghouse within nine months of fiscal year end. Finding/ Condition: During our reporting period, we noted that the Organization did not meet this filing deadline. Questioned Cost: None. Effect: The delay in submitting the required report may lead to granting agencies to impose temporary restrictions on the drawdown process. Recommendation: We recommend the Center file the required single audit reports timely. Views of Responsible Officials and Corrective Action Plan: The Center agrees with the finding and will mplement additional controls to ensure that this does not recur. Please refer to the corrective action plan.
The Center has established clear reporting calendars with due dates. With significant turnover within accounting and finance departments, this responsibility has been reassigned and monitored by the CFO.
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.
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