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<br /> <br /> <br /> <br /> <br /> SANTA ANA EMPOWERMENT CORPORATION <br /> Schedule of Findings and Questioned Costs <br /> Year Ended June 30, 2010 <br /> <br /> Section II - Financial Statement Findings <br /> <br /> None. <br /> <br /> <br /> Section III - Federal Award Findings and Ouestioned Costs <br /> <br /> <br /> Finding 2010-01 <br /> <br /> Federal Grantor: Department of Housing and Urban Development <br /> Program: Empowerment Zones Program <br /> CFDA No. 14.244 <br /> Criteria or Specific Requirement <br /> <br /> When Empowerment Zone funds are expended the grantee must minimize the time elapsing between <br /> the disbursement and drawdown. <br /> <br /> Condition <br /> <br /> During our testwork of cash management in accordance with OMB Circular A-133, we noted that the <br /> Organization's administrative expenses that occurred and were disbursed during FY 08/09 were not <br /> drawn down until January 15, 2010; which is not on a timely basis. <br /> Cause <br /> <br /> The deficiency appears to be due to inconsistent implementation of policies and procedures in place <br /> by the Organization. <br /> <br /> Effect <br /> <br /> Noncompliance with the aforementioned requirement results in the Organization not submitting <br /> drawdowns in a timely manner or the receipt of those funds. <br /> Questioned Cost <br /> <br /> Noncompliance with the aforementioned requirement results in untimely drawdown of $35,574. <br /> <br /> Recommendation <br /> <br /> We recommend the Organization adhere to policies and procedures that are in place by the <br /> Organization to ensure drawdowns are made in a timely manner. <br /> <br /> <br /> <br /> <br /> <br /> 19C .32 <br />