SBA’s Controls Over Cash Contributions and Gifts, Fiscal Year 2023

OIG reviewed the U.S. Small Business Administration’s (SBA’s) Controls Over Cash Contributions and Gifts, Fiscal Year 2023. SBA’s authority to receive and use cash contributions and gifts is in Section 132(a) of Division K in Public Law 108-447.SBA complied with the Consolidated Appropriations Act and SBA regulations and policies regarding soliciting and accepting cash contributions from six new entities that cosponsored the 2023 event. SBA’s Office of Communications and Public Liaison obtained proper approval from the Office of General Counsel for the National Small Business Week cosponsored activity. However, we noted SBA did not ensure the timely and accurate closeout of the 2023 event in accordance with standard operating procedures.We made one recommendation for SBA to fully implement a 90-day closeout process for National Small Business Week as outlined in Standard Operating Procedure 90 75 5. SBA management agreed with the recommendation, stating the Office of Strategic Alliances plans to closeout National Small Business Week 2024 no later than August 1, 2024.