Improvements Needed in SBA’s Shuttered Venue Operators Grant Post-Award Review Process
Audit · Small Business Administration OIG · 2024-07-10 · about Small Business Administration
Report
Title
Improvements Needed in SBA’s Shuttered Venue Operators Grant Post-Award Review Process
Submitting OIG
Small Business Administration OIG
Component agency
Small Business Administration
Type
Audit
Publication date
2024-07-10
Summary
The Office of Inspector General (OIG) is issuing this management advisory to bring attention to concerns regarding the U.S. Small Business Administration’s (SBA) post-award review process to monitor Shuttered Venue Operators Grant (SVOG) award recipients’ eligibility, award calculation, and use of funds. The Shuttered Venue Operators Grant (SVOG) program was established on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act).
Recommendations (3)
#
Status
Text
1
Open
Take immediate action to review 1,818 SVOG awards that we identified as high-risk of potential ineligibility and recover any funds from recipients who did not meet the requirements.
2
Open
Finalize and implement updated guidance dated April 18, 2024, to terminate the award for unresponsive recipients and initiate actions to recover funds within the stated timeline.
3
Open
Assess staffing and procedures to ensure post-award reviews are conducted in a prompt manner. Use the results of the assessment to improve processing times to ensure reviews are completed in time to accommodate relevant statute of limitations.