FAC Explorer

Audit 178620

FY End
2022-06-30
Total Expended
$3.93M
Findings
2
Programs
8
Organization: Sports Leadership and Management Foundation, Inc. (FL)
Year: 2022 Accepted: 2023-03-26
Auditor: Hlb Gravier LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
194844 2022-001 Significant Deficiency - LM
771286 2022-001 Significant Deficiency - LM

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $1.43M Yes 1
84.010 Title I Grants to Local Educational Agencies $1.24M - 0
10.553 School Breakfast Program $975,965 - 0
84.367 Supporting Effective Instruction State Grants $92,944 - 0
84.424 Student Support and Academic Enrichment Program $87,498 - 0
84.282 Charter Schools $58,800 - 0
84.027 Special Education_grants to States $25,795 - 0
84.365 English Language Acquisition State Grants $18,366 - 0

Contacts

Name Title Type
Z766T6ZDTJK6 Chelsea Espana Auditee
3056692906 Nelson Pastor Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal awardactivity of Sports Leadership and Management, Inc. ("the Organization") during its fiscal yearJuly 1, 2021 through June 30, 2022. The information in this schedule is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the schedule presents only a selected portion of the operations ofthe Organization, it is not intended to and does not present the financial position, changes in netassets or cash flows of the Organization.Expenditures on the schedule are reported on the accrual basis of accounting. Some amountspresented in this schedule may differ from amounts presented in or used in the preparation of thebasic financial statements.The Organization has elected to not use the 10% de minimis indirect cost rate allowed under theUniform Guidance. The grant revenue amounts received are subject to audit and adjustment. If any expenditures aredisallowed by the grantor agency as of result of such audit, any claim for reimbursement to thegrantor agencies would become a liability of the Organization. In the opinion of management, allgrant expenditures are in compliance with the terms of the grant agreements and applicablefederal and state laws and regulations. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
A. Internal Control: ML ? 2022-01 Purchase Orders Criteria: The Organization?s financial policies and procedures require that for most purchases, a purchase order be made and approved by the appropriate level of management before the order is placed with a vendor. Only certain purchases such as utilities are exempt from this requirement. Condition: While the Organization did use purchase orders consistently on all purchases tested, we noted one instance where the purchase order was issued after the purchase was made. Cause: The Organization?s policy regarding purchases orders were not followed for one purchase tested. Effect: Although not noted in any of the items tested, failure to follow the Organization?s policy may lead to unauthorized or improper purchases. Recommendation: We recommend that the Organization adhere to the purchase order policy and provide additional training and oversight as necessary. Views of Responsible officials: See corrective action plan for views of responsible officials.
Finding 2022-001
A. Internal Control: ML ? 2022-01 Purchase Orders Criteria: The Organization?s financial policies and procedures require that for most purchases, a purchase order be made and approved by the appropriate level of management before the order is placed with a vendor. Only certain purchases such as utilities are exempt from this requirement. Condition: While the Organization did use purchase orders consistently on all purchases tested, we noted one instance where the purchase order was issued after the purchase was made. Cause: The Organization?s policy regarding purchases orders were not followed for one purchase tested. Effect: Although not noted in any of the items tested, failure to follow the Organization?s policy may lead to unauthorized or improper purchases. Recommendation: We recommend that the Organization adhere to the purchase order policy and provide additional training and oversight as necessary. Views of Responsible officials: See corrective action plan for views of responsible officials.