FAC Explorer

Audit 15838

FY End
2021-06-30
Total Expended
$777,706
Findings
4
Programs
7
Organization: Turning Point, Inc. (NC)
Year: 2021 Accepted: 2024-02-06
Auditor: Aprio LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
11910 2021-001 Material Weakness - P
11911 2021-002 Material Weakness - P
588352 2021-001 Material Weakness - P
588353 2021-002 Material Weakness - P

Programs

ALN Program Spent Major Findings
16.575 Crime Victim Assistance $429,195 - 0
21.019 Coronavirus Relief Fund $99,937 Yes 1
14.231 Emergency Solutions Grant Program $87,426 - 0
93.671 Family Violence Prevention and Services/domestic Violence Shelter and Supportive Services $35,414 - 0
16.034 Coronavirus Emergency Supplemental Funding Program $20,000 - 0
14.218 Community Development Block Grants/entitlement Grants $14,600 - 0
16.758 Improving the Investigation and Prosecution of Child Abuse and the Regional and Local Children's Advocacy Centers $7,000 - 0

Contacts

Name Title Type
EY7JWMC8Q5F8 Tiffany Weaver Auditee
7042881812 Melissa Dunn Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Turning Point has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Turning Point, Inc. under programs of the federal government for the year ended June 30, 2021. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Turning Point, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Turning Point, Inc.
Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Turning Point has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Turning Point has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance. Turning Point, Inc. has elected not to use the 10-percent de minims indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2021-001
Type of Finding: Financial Statement and Federal Award Finding Finding Resolution Status: Resolved Identification of Repeat Finding and Finding Reference Number: N/A Statement of Condition: The Organization failed to identify all federal expenditures and prepare a Schedule of Expenditures of Federal Awards for the year ended June 30, 2021. Auditor considers this to be a material weakness. Cause: The Organization did not have procedures in place to track federal awards and maintain compliance with Uniform Guidance when expenditures exceed $750,000. Effect or Potential Effect: The Organization did not comply with Uniform Guidance requirements for federal funds expended in excess of $750,000. Reportable Views of Responsible Officials: The Organization received additional, one-time COVID-19-related funding that was out of the norm for the Organization. We were not aware that it caused us to exceed the $750,000 threshold for a Uniform Guidance audit and therefore a schedule of federal expenditures was not prepared. Recommendation: The Organization should develop a process for identifying and tracking federal expenditures for all awards that are federally sourced to ensure the Organization completes required compliance audits in years where federal expenditures exceed $750,000. The Organization should also develop procedures for preparing and maintaining reports that are consistent with compliance requirements under the Uniform Guidance.
Finding 2021-002
Title and Financial Assistance Listing Number of Federal Program: All federal programs Type of Finding: Federal Award Finding Finding Resolution Status: Resolved Information on Universe Population Size: N/A Sample Size Information: N/A Identification of Repeat Finding and Finding Reference Number: N/A Criteria: 2 CFR 200.501 Statement of Condition: The Organization failed to timely file a single audit with the Federal Audit Clearing House. Auditor considers this to be a material weakness. Cause: The Organization did not have controls in place to identify and track federal awards and therefore, the Organization was not aware of their reporting requirement under Uniform Guidance. Effect or Potential Effect: The Organization was did not comply with Uniform Guidance requirements for federal funds expended in excess of $750,000. Auditor Non-Compliance Code: S - Internal control deficiencies Questioned Costs: $- Reportable Views of Responsible Officials: The Organization received additional, one-time COVID-19-related funding that was out of the norm for the Organization. We were not aware that it caused us to exceed the $750,000 threshold for a Uniform Guidance audit. Recommendation: The Organization should develop a process for identifying and tracking federal expenditures for all awards that are federally sourced to ensure the organization completes required compliance audits in years where federal expenditures exceed $750,000.
Finding 2021-001
Type of Finding: Financial Statement and Federal Award Finding Finding Resolution Status: Resolved Identification of Repeat Finding and Finding Reference Number: N/A Statement of Condition: The Organization failed to identify all federal expenditures and prepare a Schedule of Expenditures of Federal Awards for the year ended June 30, 2021. Auditor considers this to be a material weakness. Cause: The Organization did not have procedures in place to track federal awards and maintain compliance with Uniform Guidance when expenditures exceed $750,000. Effect or Potential Effect: The Organization did not comply with Uniform Guidance requirements for federal funds expended in excess of $750,000. Reportable Views of Responsible Officials: The Organization received additional, one-time COVID-19-related funding that was out of the norm for the Organization. We were not aware that it caused us to exceed the $750,000 threshold for a Uniform Guidance audit and therefore a schedule of federal expenditures was not prepared. Recommendation: The Organization should develop a process for identifying and tracking federal expenditures for all awards that are federally sourced to ensure the Organization completes required compliance audits in years where federal expenditures exceed $750,000. The Organization should also develop procedures for preparing and maintaining reports that are consistent with compliance requirements under the Uniform Guidance.
Finding 2021-002
Title and Financial Assistance Listing Number of Federal Program: All federal programs Type of Finding: Federal Award Finding Finding Resolution Status: Resolved Information on Universe Population Size: N/A Sample Size Information: N/A Identification of Repeat Finding and Finding Reference Number: N/A Criteria: 2 CFR 200.501 Statement of Condition: The Organization failed to timely file a single audit with the Federal Audit Clearing House. Auditor considers this to be a material weakness. Cause: The Organization did not have controls in place to identify and track federal awards and therefore, the Organization was not aware of their reporting requirement under Uniform Guidance. Effect or Potential Effect: The Organization was did not comply with Uniform Guidance requirements for federal funds expended in excess of $750,000. Auditor Non-Compliance Code: S - Internal control deficiencies Questioned Costs: $- Reportable Views of Responsible Officials: The Organization received additional, one-time COVID-19-related funding that was out of the norm for the Organization. We were not aware that it caused us to exceed the $750,000 threshold for a Uniform Guidance audit. Recommendation: The Organization should develop a process for identifying and tracking federal expenditures for all awards that are federally sourced to ensure the organization completes required compliance audits in years where federal expenditures exceed $750,000.