BD Performing ArtsNon-Profit

Finding number: 2022-002 Assistance Listing number: 59.075 Assistance Listing title: Shuttered Venue Operators Grant Federal award identification number and year: SBAHQ21SV016541; 2022 Name of federal agency: U.S. Small Business Administration Name of pass-through entity: N/A Repeat finding: No Criteria: At closeout, grantees are required to provide a reconciliation of expenses by allowable budget category in response to the expense report action item. Grantees should also maintain justification for any changes from the final budget to the expense report and maintain clear records of the costs charged to the SVOG award substantiating eligibility and allowability. Condition: The Association did not maintain a timely reconciliation of expenses charged to the SVOG award. Upon the request of the audit team, the Association was able to provide an accounting of the costs charged to the SVOG award. Cause: The SVOG program is the Association’s first time administering a Federal award and the Association was not fully aware of the requirement to maintain a timely reconciliation of the costs charged to the SVOG award. Possible effect: A reconciliation of costs charged to the SVOG award was not timely available. Questioned cost: None Recommendation: We recommend that a timely reconciliation and accounting of all costs charged to a Federal award be maintained throughout the award period. Views of responsible officials: Management concurs with the finding and a reconciliation of costs charged to the SVOG award was provided to the auditors after requested. Management will implement procedures to ensure that a timely reconciliation of costs is maintained for costs charged to any future Federal awards.