Results of Limited Scope Review at Capital Area Community Action Agency, Inc.
We reviewed the financial condition of Capital Area Community Action Agency, Inc. (Capital Area), 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, Capital Area is financially viable, has the capacity to manage and account for Federal funds, and is capable of operating the Community Services Block Grant program in accordance with Federal regulations. However, we noted weaknesses related to inventory records, ability to spend funds timely, and certifications that principals, including board members, are suitable for service.
Filed under: Center for Medicare and Medicaid Services