FAC Explorer

Audit 18802

FY End
2022-09-30
Total Expended
$1.09M
Findings
2
Programs
1
Organization: Touch Foundation, Inc. (NY)
Year: 2022 Accepted: 2023-06-29
Auditor: Grassi & CO Cpa's PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
23202 2022-002 Material Weakness - L
599644 2022-002 Material Weakness - L

Programs

ALN Program Spent Major Findings
98.001 Usaid Foreign Assistance for Programs Overseas $1.09M Yes 1

Contacts

Name Title Type
KZ8HGELKGG55 Massimiliano Pezzoli Auditee
2023045455 David M. Rottkamp Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the SEFA 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: Y Rate Explanation: The Foundation elected to use the 10% de minimis indirect cost rate. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Touch Foundation, Inc. (the Foundation) under programs of the federal government for the year ended September 30, 2022. 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 (the Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Foundation, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Foundation.

Finding Details

Finding 2022-002
2022-002: Reporting for AL #98.001 Federal Program Information: United States Agency for International Development AL #98.001 USAID Foreign Assistance for Programs Overseas (the ?Program?) Reporting Criteria: Under the requirements of the Federal Funding Accountability and Transparency Act (Pub. L. No. 109-282), as amended by Section 6202 of Pub. L. No. 110-252, hereafter referred as the ?Transparency Act? that are codified in 2 CFR Part 170, recipients (i.e., 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?). Condition: When conducting our audit procedures related to Reporting for the Program for the year ended September 30, 2022, we noted that the Foundation did not report a first-tier subaward in the FSRS. Effect: There is one first-tier subaward amounting to $272,419 that is not reported in the FSRS. Questioned Costs: $0 Context: There is one first-tier subaward that is greater than $30,000 that needs to be reported in the FSRS. Cause: The Foundation was not aware of the reporting requirement under the Transparency Act. Recommendation: We recommend that the Foundation follow the reporting requirements of the Transparency Act that are codified in 2 CFR Part 170 and timely report first-tier subawards of $30,000 or more to the FSRS. Views of responsible officials and planned corrective actions: See Auditee?s corrective action plan for view of responsible officials and planned corrective actions.
Finding 2022-002
2022-002: Reporting for AL #98.001 Federal Program Information: United States Agency for International Development AL #98.001 USAID Foreign Assistance for Programs Overseas (the ?Program?) Reporting Criteria: Under the requirements of the Federal Funding Accountability and Transparency Act (Pub. L. No. 109-282), as amended by Section 6202 of Pub. L. No. 110-252, hereafter referred as the ?Transparency Act? that are codified in 2 CFR Part 170, recipients (i.e., 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?). Condition: When conducting our audit procedures related to Reporting for the Program for the year ended September 30, 2022, we noted that the Foundation did not report a first-tier subaward in the FSRS. Effect: There is one first-tier subaward amounting to $272,419 that is not reported in the FSRS. Questioned Costs: $0 Context: There is one first-tier subaward that is greater than $30,000 that needs to be reported in the FSRS. Cause: The Foundation was not aware of the reporting requirement under the Transparency Act. Recommendation: We recommend that the Foundation follow the reporting requirements of the Transparency Act that are codified in 2 CFR Part 170 and timely report first-tier subawards of $30,000 or more to the FSRS. Views of responsible officials and planned corrective actions: See Auditee?s corrective action plan for view of responsible officials and planned corrective actions.