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• <br /> • <br /> • CITY OF HALLANDALE BEACH, FLORIDA <br /> • <br /> • SCHEDULE OF FINDINGS AND QUESTIONED COSTS <br /> • FOR THE YEAR ENDED SEPTEMBER 30, 2014 <br /> • <br /> • <br /> • SECTION II-FINANCIAL STATEMENT FINDINGS(CONTINUED) <br /> • Material Weaknesses (continued) <br /> • <br /> • 2014-002 Bank Reconciliations (continued) <br /> ® Views of Responsible Officials and Planned Corrective Action <br /> • <br /> • Formal bank reconciliation policy/procedures have been put in place. The reconciliations will be <br /> • completed by the 20th of the following month on all accounts. Once completed, reconciliations <br /> will be reviewed and signed off by the Associate Controller and then reviewed and signed off by <br /> • the CFO. Entries that need to be made that month will also be completed by the 20th and <br /> • reviewed for accuracy and input prior to month end. This procedure will result in timeliness, <br /> • accurate and completeness of all bath reconciliations. <br /> • Furthermore, the City will be bringing resources during the summer and fall to assist with all <br /> • pending bank reconciliations and to document the processes. This will assist staff in getting <br /> • caught up with all reconciliations and to be in a better position for next year's audit. <br /> • 2014-003 Grant Administration <br /> • <br /> ® Criteria <br /> In accordance with the agreement entered into by the City of Hallandale Beach. Florida (the <br /> • City) and the State of Florida Division of Emergency Management (the Division), the Hazard <br /> • Mitigation Grant expenditures require a 25% local share. <br /> • Condition <br /> • The expenditures reported in the Hallandale Beach Community Redevelopment Agency (CRA) <br /> • for the Hazard Mitigation Grant project should only be those funding the City's 25% match <br /> • requirement as stipulated by the grant agreement. The remaining 75% of the expenditures <br /> should be reported in the Grant Administration Fund and consequently presented on the <br /> • Schedule of Expenditures of Federal Awards (SEFA). During our audit we identified a <br /> • misallocation of program expenditures between the CRA and the Grant Administration Fund in <br /> the amount of approximately 5422.000. thus causing the SEFA to be inaccurate. The SEFA is <br /> used to determine the extent of testing required under the Federal Single Audit Act (OMB <br /> • Circular A-133). <br /> 0 <br /> • <br /> 0 <br /> 0 <br /> 13 <br /> 0 <br /> • <br />