We reviewed the financial condition of Central Oklahoma Community Action Agency, Inc. (COCAA), as part of a nationwide series of reviews of Community Action Agencies that have received funding under the American Recovery and Reinvestment Act of 2009.
Based on our assessment, COCAA has the ability to manage and account for Federal funds and is capable of operating its Community Services Block Grant (CSBG) program in accordance with Federal regulations. However, COCAA has weaknesses related to its accounting system, cost allocation plan, cost shifting, safeguarding of Federal assets, board of directors composition, financial management systems, and policies and procedures.
We recommended that the Administration for Children and Families consider the information presented in this report in assessing COCAA's ability to operate a CSBG program in accordance with Federal regulations. In written comments on our draft report, COCAA agreed with our findings and described actions it had taken to address them.
Based on our assessment, COCAA has the ability to manage and account for Federal funds and is capable of operating its Community Services Block Grant (CSBG) program in accordance with Federal regulations. However, COCAA has weaknesses related to its accounting system, cost allocation plan, cost shifting, safeguarding of Federal assets, board of directors composition, financial management systems, and policies and procedures.
We recommended that the Administration for Children and Families consider the information presented in this report in assessing COCAA's ability to operate a CSBG program in accordance with Federal regulations. In written comments on our draft report, COCAA agreed with our findings and described actions it had taken to address them.
Dallas L Alford IV, CPA is a licensed Certified Public Accountant in the state of North Carolina and owner of Atlantic Financial Consulting, a consulting firm that provides comprehensive medical billing services, practice management consulting, coding audits, Medicare compliance, Medicare RAC support and other general medical practice consulting services.
To learn more about Atlantic Financial Consulting you may visit their website at http://atlanticfinancial.us or contact Dallas L Alford IV, CPA directly at 1 888-428-2555 begin_of_the_skype_highlighting 1 888-428-2555 end_of_the_skype_highlighting, Ext. 200.
To learn more about Atlantic Financial Consulting you may visit their website at http://atlanticfinancial.us or contact Dallas L Alford IV, CPA directly at 1 888-428-2555 begin_of_the_skype_highlighting 1 888-428-2555 end_of_the_skype_highlighting, Ext. 200.
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