FAC Explorer

Audit 15784

FY End
2022-12-31
Total Expended
$1.10M
Findings
6
Programs
1
Organization: U.s. Foundation of the University of the Valley of Guatemala (NJ)
Year: 2022 Accepted: 2024-02-06
Auditor: Insero & CO Cpa's LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
11890 2022-002 - - L
11891 2022-002 - - L
11892 2022-002 - - L
588332 2022-002 - - L
588333 2022-002 - - L
588334 2022-002 - - L

Programs

ALN Program Spent Major Findings
98.006 Foreign Assistance to American Schools and Hospitals Abroad (asha) $151,274 Yes 1

Contacts

Name Title Type
Y7NJVPPF8KW3 Ted Grover Auditee
6094522209 Patrick Jordan Auditor
No contacts on file

Notes to SEFA

Title: Matching Costs Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all Federal award programs administered by the U.S. Foundation of the University of the Valley of Guatemala (the Foundation), an entity as defined in Note 1 to the Foundation’s financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the Schedule of Expenditures of Federal Awards. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audi Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The Foundation has elected not to use the 10% de minimus indirect cost rate under Uniform Guidance. Matching costs, such as the Foundation’s share of certain program costs, are not included in the reported expenditures.
Title: Prior Year Expenditures Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all Federal award programs administered by the U.S. Foundation of the University of the Valley of Guatemala (the Foundation), an entity as defined in Note 1 to the Foundation’s financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the Schedule of Expenditures of Federal Awards. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audi Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The Foundation has elected not to use the 10% de minimus indirect cost rate under Uniform Guidance. During the year ended December 31, 2022, the Foundation recorded expenditures of $1,098,437 under the Foreign Assistance to American Schools and Hospitals Abroad, ASHA Grant, (ALN# 98.006), of this amount $517,964 represented expenditures incurred in the prior year as presented in the financial statements.
Title: Federal Funding Accountability and Transparency Act (FFATA) Reporting Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all Federal award programs administered by the U.S. Foundation of the University of the Valley of Guatemala (the Foundation), an entity as defined in Note 1 to the Foundation’s financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the Schedule of Expenditures of Federal Awards. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audi Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The Foundation has elected not to use the 10% de minimus indirect cost rate under Uniform Guidance. For subawards subject to reporting under FFATA, the following non-compliance was reported for the year ended December 31, 2022:

Finding Details

Finding 2022-002
Finding 2022-002 Federal Agency: U.S. Agency for International Development Federal Program: Foreign Assistance to American Schools and Hospitals Abroad Assistance Listing Number: 98.006 Pass-Through Agency: Not applicable. Criteria: Under the requirements of the Federal Funding Accountability and Transparency Act (FFATA) as codified in 2 CFR Part 170, direct recipients of grants or cooperative agreements are required to report first-tier subawards of $30,000 or more to the Federal Funding Accountability and Transparency Act Subaward Reporting System (FSRS) no later than the end of the month following the month in which the obligation was made. Condition: The Foundation did not report three of three subawards in a timely manner as required by FFATA. In addition, one of three subawards was reported with an incorrect amount. Cause: The Foundation did not have a process for complying with the requirement. Effect or Potential Effect: The Foundation is not in compliance with federal regulations regarding reporting. Questioned Costs: None. Context: All three subawards were selected for testing. The Foundation was unaware of the additional reporting requirements prior to the single audit. Of the three subawards, one subaward for $1,100,000 was incorrectly reported as a subaward of $900,000. Repeat Finding: This finding is not a repeat finding. Recommendation: We recommend the Foundation ensure all required reports are filed in a timely manner. In addition we recommend that the Foundation review its submissions in the FSRS for agreement with its subawards. Views of Responsible Officials of the Auditee: The Foundation agrees with the finding.
Finding 2022-002
Finding 2022-002 Federal Agency: U.S. Agency for International Development Federal Program: Foreign Assistance to American Schools and Hospitals Abroad Assistance Listing Number: 98.006 Pass-Through Agency: Not applicable. Criteria: Under the requirements of the Federal Funding Accountability and Transparency Act (FFATA) as codified in 2 CFR Part 170, direct recipients of grants or cooperative agreements are required to report first-tier subawards of $30,000 or more to the Federal Funding Accountability and Transparency Act Subaward Reporting System (FSRS) no later than the end of the month following the month in which the obligation was made. Condition: The Foundation did not report three of three subawards in a timely manner as required by FFATA. In addition, one of three subawards was reported with an incorrect amount. Cause: The Foundation did not have a process for complying with the requirement. Effect or Potential Effect: The Foundation is not in compliance with federal regulations regarding reporting. Questioned Costs: None. Context: All three subawards were selected for testing. The Foundation was unaware of the additional reporting requirements prior to the single audit. Of the three subawards, one subaward for $1,100,000 was incorrectly reported as a subaward of $900,000. Repeat Finding: This finding is not a repeat finding. Recommendation: We recommend the Foundation ensure all required reports are filed in a timely manner. In addition we recommend that the Foundation review its submissions in the FSRS for agreement with its subawards. Views of Responsible Officials of the Auditee: The Foundation agrees with the finding.
Finding 2022-002
Finding 2022-002 Federal Agency: U.S. Agency for International Development Federal Program: Foreign Assistance to American Schools and Hospitals Abroad Assistance Listing Number: 98.006 Pass-Through Agency: Not applicable. Criteria: Under the requirements of the Federal Funding Accountability and Transparency Act (FFATA) as codified in 2 CFR Part 170, direct recipients of grants or cooperative agreements are required to report first-tier subawards of $30,000 or more to the Federal Funding Accountability and Transparency Act Subaward Reporting System (FSRS) no later than the end of the month following the month in which the obligation was made. Condition: The Foundation did not report three of three subawards in a timely manner as required by FFATA. In addition, one of three subawards was reported with an incorrect amount. Cause: The Foundation did not have a process for complying with the requirement. Effect or Potential Effect: The Foundation is not in compliance with federal regulations regarding reporting. Questioned Costs: None. Context: All three subawards were selected for testing. The Foundation was unaware of the additional reporting requirements prior to the single audit. Of the three subawards, one subaward for $1,100,000 was incorrectly reported as a subaward of $900,000. Repeat Finding: This finding is not a repeat finding. Recommendation: We recommend the Foundation ensure all required reports are filed in a timely manner. In addition we recommend that the Foundation review its submissions in the FSRS for agreement with its subawards. Views of Responsible Officials of the Auditee: The Foundation agrees with the finding.
Finding 2022-002
Finding 2022-002 Federal Agency: U.S. Agency for International Development Federal Program: Foreign Assistance to American Schools and Hospitals Abroad Assistance Listing Number: 98.006 Pass-Through Agency: Not applicable. Criteria: Under the requirements of the Federal Funding Accountability and Transparency Act (FFATA) as codified in 2 CFR Part 170, direct recipients of grants or cooperative agreements are required to report first-tier subawards of $30,000 or more to the Federal Funding Accountability and Transparency Act Subaward Reporting System (FSRS) no later than the end of the month following the month in which the obligation was made. Condition: The Foundation did not report three of three subawards in a timely manner as required by FFATA. In addition, one of three subawards was reported with an incorrect amount. Cause: The Foundation did not have a process for complying with the requirement. Effect or Potential Effect: The Foundation is not in compliance with federal regulations regarding reporting. Questioned Costs: None. Context: All three subawards were selected for testing. The Foundation was unaware of the additional reporting requirements prior to the single audit. Of the three subawards, one subaward for $1,100,000 was incorrectly reported as a subaward of $900,000. Repeat Finding: This finding is not a repeat finding. Recommendation: We recommend the Foundation ensure all required reports are filed in a timely manner. In addition we recommend that the Foundation review its submissions in the FSRS for agreement with its subawards. Views of Responsible Officials of the Auditee: The Foundation agrees with the finding.
Finding 2022-002
Finding 2022-002 Federal Agency: U.S. Agency for International Development Federal Program: Foreign Assistance to American Schools and Hospitals Abroad Assistance Listing Number: 98.006 Pass-Through Agency: Not applicable. Criteria: Under the requirements of the Federal Funding Accountability and Transparency Act (FFATA) as codified in 2 CFR Part 170, direct recipients of grants or cooperative agreements are required to report first-tier subawards of $30,000 or more to the Federal Funding Accountability and Transparency Act Subaward Reporting System (FSRS) no later than the end of the month following the month in which the obligation was made. Condition: The Foundation did not report three of three subawards in a timely manner as required by FFATA. In addition, one of three subawards was reported with an incorrect amount. Cause: The Foundation did not have a process for complying with the requirement. Effect or Potential Effect: The Foundation is not in compliance with federal regulations regarding reporting. Questioned Costs: None. Context: All three subawards were selected for testing. The Foundation was unaware of the additional reporting requirements prior to the single audit. Of the three subawards, one subaward for $1,100,000 was incorrectly reported as a subaward of $900,000. Repeat Finding: This finding is not a repeat finding. Recommendation: We recommend the Foundation ensure all required reports are filed in a timely manner. In addition we recommend that the Foundation review its submissions in the FSRS for agreement with its subawards. Views of Responsible Officials of the Auditee: The Foundation agrees with the finding.
Finding 2022-002
Finding 2022-002 Federal Agency: U.S. Agency for International Development Federal Program: Foreign Assistance to American Schools and Hospitals Abroad Assistance Listing Number: 98.006 Pass-Through Agency: Not applicable. Criteria: Under the requirements of the Federal Funding Accountability and Transparency Act (FFATA) as codified in 2 CFR Part 170, direct recipients of grants or cooperative agreements are required to report first-tier subawards of $30,000 or more to the Federal Funding Accountability and Transparency Act Subaward Reporting System (FSRS) no later than the end of the month following the month in which the obligation was made. Condition: The Foundation did not report three of three subawards in a timely manner as required by FFATA. In addition, one of three subawards was reported with an incorrect amount. Cause: The Foundation did not have a process for complying with the requirement. Effect or Potential Effect: The Foundation is not in compliance with federal regulations regarding reporting. Questioned Costs: None. Context: All three subawards were selected for testing. The Foundation was unaware of the additional reporting requirements prior to the single audit. Of the three subawards, one subaward for $1,100,000 was incorrectly reported as a subaward of $900,000. Repeat Finding: This finding is not a repeat finding. Recommendation: We recommend the Foundation ensure all required reports are filed in a timely manner. In addition we recommend that the Foundation review its submissions in the FSRS for agreement with its subawards. Views of Responsible Officials of the Auditee: The Foundation agrees with the finding.