FAC Explorer

Audit 23009

FY End
2022-12-31
Total Expended
$4.06M
Findings
4
Programs
8
Organization: Denver Research Institute, Inc. (CO)
Year: 2022 Accepted: 2023-06-21
Auditor: Jds Professional Group

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
22316 2022-002 Significant Deficiency - B
22317 2022-002 Significant Deficiency - B
598758 2022-002 Significant Deficiency - B
598759 2022-002 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
93.855 Allergy, Immunology and Transplantation Research $578,856 Yes 1
93.910 Family and Community Violence Prevention Program $175,902 Yes 1
93.866 Aging Research $51,126 Yes 0
12.420 Military Medical Research and Development $43,396 Yes 0
93.395 Cancer Treatment Research $15,413 Yes 0
93.837 Cardiovascular Diseases Research $12,080 Yes 0
93.840 Translation and Implementation Science Research for Heart, Lung, Blood Diseases, and Sleep Disorders $4,490 Yes 0
93.399 Cancer Control $844 Yes 0

Contacts

Name Title Type
JPCLGB7EJXG3 Cynthia Gasaway Auditee
3035010540 Jill Korenek Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The schedule of expenditures of federal awards has been prepared on an accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and also 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. Because the schedule of expenditures of federal awards presents only a selected portion of the operations of the Organization, it is not intended to, and does not present, the financial position, changes in net assets, or cash flows of the Organization. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use a de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization utilizes a federally-approved indirect cost rate approved by its cognizant agency.

Finding Details

Finding 2022-002
Finding 2022-002: U.S. Department of Health and Human Services - Regents of the University of California San Francisco - Allergy and Infectious Diseases Research - Assistance Listing No. 93.855.U.S. Department of Health and Human Services - Palo Alto Veterans Institute for Research - Family and Community Violence Prevention Program - Assistance Listing No. 93.910. Allowable Costs, Significant Deficiency Criteria: 2 CFR 200 requires indirect costs to be accorded consistent treatment to all federal awards. Condition: The indirect cost rate was not correctly charged to two federal awards during the year. Effect: One federal awards was under billed and one was over billed for indirects which resulted in an audit adjustment. Questioned Costs: None. Context: During our testing of indirects, we noted two out of the seven federal awards tested were not charged the correct indirect cost rate for the year. Cause: The Organization did not include an indirect charge on each invoice for one federal award and charged the incorrect rate on another federal award. Recommendation: We recommend the Organization enhance its year-end close process to include calculating the indirects charged to all federal awards for the entire year to ensure the indirects have been properly charged to the grant and with the correct rate.
Finding 2022-002
Finding 2022-002: U.S. Department of Health and Human Services - Regents of the University of California San Francisco - Allergy and Infectious Diseases Research - Assistance Listing No. 93.855.U.S. Department of Health and Human Services - Palo Alto Veterans Institute for Research - Family and Community Violence Prevention Program - Assistance Listing No. 93.910. Allowable Costs, Significant Deficiency Criteria: 2 CFR 200 requires indirect costs to be accorded consistent treatment to all federal awards. Condition: The indirect cost rate was not correctly charged to two federal awards during the year. Effect: One federal awards was under billed and one was over billed for indirects which resulted in an audit adjustment. Questioned Costs: None. Context: During our testing of indirects, we noted two out of the seven federal awards tested were not charged the correct indirect cost rate for the year. Cause: The Organization did not include an indirect charge on each invoice for one federal award and charged the incorrect rate on another federal award. Recommendation: We recommend the Organization enhance its year-end close process to include calculating the indirects charged to all federal awards for the entire year to ensure the indirects have been properly charged to the grant and with the correct rate.
Finding 2022-002
Finding 2022-002: U.S. Department of Health and Human Services - Regents of the University of California San Francisco - Allergy and Infectious Diseases Research - Assistance Listing No. 93.855.U.S. Department of Health and Human Services - Palo Alto Veterans Institute for Research - Family and Community Violence Prevention Program - Assistance Listing No. 93.910. Allowable Costs, Significant Deficiency Criteria: 2 CFR 200 requires indirect costs to be accorded consistent treatment to all federal awards. Condition: The indirect cost rate was not correctly charged to two federal awards during the year. Effect: One federal awards was under billed and one was over billed for indirects which resulted in an audit adjustment. Questioned Costs: None. Context: During our testing of indirects, we noted two out of the seven federal awards tested were not charged the correct indirect cost rate for the year. Cause: The Organization did not include an indirect charge on each invoice for one federal award and charged the incorrect rate on another federal award. Recommendation: We recommend the Organization enhance its year-end close process to include calculating the indirects charged to all federal awards for the entire year to ensure the indirects have been properly charged to the grant and with the correct rate.
Finding 2022-002
Finding 2022-002: U.S. Department of Health and Human Services - Regents of the University of California San Francisco - Allergy and Infectious Diseases Research - Assistance Listing No. 93.855.U.S. Department of Health and Human Services - Palo Alto Veterans Institute for Research - Family and Community Violence Prevention Program - Assistance Listing No. 93.910. Allowable Costs, Significant Deficiency Criteria: 2 CFR 200 requires indirect costs to be accorded consistent treatment to all federal awards. Condition: The indirect cost rate was not correctly charged to two federal awards during the year. Effect: One federal awards was under billed and one was over billed for indirects which resulted in an audit adjustment. Questioned Costs: None. Context: During our testing of indirects, we noted two out of the seven federal awards tested were not charged the correct indirect cost rate for the year. Cause: The Organization did not include an indirect charge on each invoice for one federal award and charged the incorrect rate on another federal award. Recommendation: We recommend the Organization enhance its year-end close process to include calculating the indirects charged to all federal awards for the entire year to ensure the indirects have been properly charged to the grant and with the correct rate.