FAC Explorer

Audit 16149

FY End
2022-06-30
Total Expended
$9.63M
Findings
2
Programs
1
Organization: Victoria Theatre Association (OH)
Year: 2022 Accepted: 2022-11-29
Auditor: Brady Ware & Schoenfeld

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
12090 2022-001 Significant Deficiency - I
588532 2022-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
59.075 Shuttered Venue Operators Grant Program $9.63M Yes 1

Contacts

Name Title Type
D9EDB6DHK4G1 David Schrodi Auditee
9374618190 Melessa Behymer Auditor
No contacts on file

Notes to SEFA

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: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Condition: During our audit it was noted that the Association does not have a formal procurement policy. Criteria: Uniform Guidance imposes strict purchasing requirements on nonprofits receiving federal funding. Cause: The Association has not previously received federal funding and therefore did not need a formal procurement policy. Effect: Purchases made by the Association in excess of $10,000 are not meeting the Uniform Guidance requirements. Recommendation: We recommend that if the Association believes they will be receiving federal funding in the future, they implement a formal procurement policy that follows Uniform Guidance requirements. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.
Finding 2022-001
Condition: During our audit it was noted that the Association does not have a formal procurement policy. Criteria: Uniform Guidance imposes strict purchasing requirements on nonprofits receiving federal funding. Cause: The Association has not previously received federal funding and therefore did not need a formal procurement policy. Effect: Purchases made by the Association in excess of $10,000 are not meeting the Uniform Guidance requirements. Recommendation: We recommend that if the Association believes they will be receiving federal funding in the future, they implement a formal procurement policy that follows Uniform Guidance requirements. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.