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Audit Report 04-35: Single Audit of Federal Financial Assistance Programs- Bronx Museum of the Arts, December 29, 2003

Date Issued: 
Tuesday, August 3, 2004
Report Number: 
4-35

On August 3, 2004, the OIG issued Audit Report 04-35, Single Audit of Federal Financial Assistance Programs:  Bronx Museum of the Arts, December 29, 2003.  An Independent auditor (IPA) conducted this audit as a “Major Federal Award Program Audit.”  The Schedule of Findings and Questioned Costs submitted by the IPA for year ended June 30, 2003, identified two findings.  The first finding, which resulted in questioned costs of $111,712, documented that the quarterly reporting sent by the organization during fiscal year 2003 did not reflect total expenditures allocated towards the federal program within the books and records.  The second finding, which resulted in questioned costs of $144,695, indicated that salaries and wages charged to the award were not supported by personnel activity reports.  The organization charged salaries and wages to the program based on budget estimates provided by employees and management.