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Audit of AmeriCorps' FY2025 Trust Financial Statements

Date Issued
Report Number
OIG-AR-26-02
Report Type
Audit
Description
The National Service Trust holds the funds set aside to pay the education awards of national service members who successfully complete their service terms. Responsibility for the education awards that have been earned or will be earned in the near future is the largest liability on AmeriCorps’ financial statements at $278 million.  AmeriCorps has been unable to produce auditable financial statements for the last nine years. This year, independent auditors issued another disclaimer of opinion, reporting five material weaknesses and one significant deficiency and added two new recommendations. The auditors, however, verified that AmeriCorps took appropriate actions to close 4 of the 32 prior year recommendations. As a result of this audit, there are now 30 open recommendations. 
Joint Report
No
Agency Wide
Yes
Questioned Costs
$0
Funds for Better Use
$0
View report on Oversight.gov

Open Recommendations

Body

We recommend that the AmeriCorps Chief Information Security Officer, in coordination with the eSPAN and Momentum system owners, implement processes to:
a. ensure user access is documented and approved; and
b. validate that the monthly eSPAN and Momentum recertifications are completed and documented.

Body

We recommend that the eSPAN System Owner ensure eSPAN accounts are disabled for separated personnel within one working day following termination actions as required by AmeriCorps’ policy.