Audit 23289

FY End
2022-06-30
Total Expended
$29.39M
Findings
28
Programs
17
Year: 2022 Accepted: 2022-11-22

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
23122 2022-002 Significant Deficiency - C
23123 2022-002 Significant Deficiency - C
23124 2022-002 Significant Deficiency - C
23125 2022-002 Significant Deficiency - C
23126 2022-002 Significant Deficiency - C
23127 2022-002 Significant Deficiency - C
23128 2022-002 Significant Deficiency - C
23129 2022-002 Significant Deficiency - C
23130 2022-002 Significant Deficiency - C
23131 2022-002 Significant Deficiency - C
23132 2022-002 Significant Deficiency - C
23133 2022-002 Significant Deficiency - C
23134 2022-002 Significant Deficiency - C
23135 2022-002 Significant Deficiency - C
599564 2022-002 Significant Deficiency - C
599565 2022-002 Significant Deficiency - C
599566 2022-002 Significant Deficiency - C
599567 2022-002 Significant Deficiency - C
599568 2022-002 Significant Deficiency - C
599569 2022-002 Significant Deficiency - C
599570 2022-002 Significant Deficiency - C
599571 2022-002 Significant Deficiency - C
599572 2022-002 Significant Deficiency - C
599573 2022-002 Significant Deficiency - C
599574 2022-002 Significant Deficiency - C
599575 2022-002 Significant Deficiency - C
599576 2022-002 Significant Deficiency - C
599577 2022-002 Significant Deficiency - C

Programs

ALN Program Spent Major Findings
12.615 11186 Apex $9.80M Yes 1
12.RD 11076 Hmt $8.72M Yes 1
12.RD 11205 F0002-F0004-Option 1 $5.91M Yes 1
12.RD 11222 Meta (act 3) $1.14M Yes 1
12.RD 11221 Astra-Ist $809,856 Yes 1
12.RD 11210 Admire $599,730 Yes 1
12.RD 11231 Talons $443,735 Yes 1
12.614 Community Economic Adjustment Assistance for Advance Planning and Economic Diversification $415,232 - 0
12.RD 11196 Darpa M2t $380,863 Yes 1
11.020 Cluster Grants $302,382 - 0
11.307 Economic Adjustment Assistance $236,483 - 0
12.RD 11208 F0005-To4 $234,165 Yes 1
12.910 11122 Leap $195,327 Yes 1
12.RD 11207 Ist Meams $136,117 Yes 1
12.RD 1118afrl Ace-Em $44,101 Yes 1
12.RD 11238 Emss $18,098 Yes 1
12.RD 11062 Rast $8,406 Yes 1

Contacts

Name Title Type
EHEEAGYKUB87 Mike Pearsall Auditee
3173854243 Jenifer Anderson Auditor
No contacts on file

Notes to SEFA

Title: CLASSIFIED INFORMATION Accounting Policies: Basis of Presentation: The Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant activities of Parallax Advanced Research Corporation (the "Organization") under programs of the federal government for the year ended June 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations 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 Organization's operations, it is not intended to and does not present its financial position, changes in net assets, or cash flows. Research and Development Cluster: OMB Uniform Guidance defines research and development as follows: research is a systematic study directed toward fuller scientific knowledge or understanding of the subject studied: development is the systematic use of knowledge and understanding gained from research directed toward the production of useful materials, devices, systems, or methods, including design and development of prototypes and processes. The Organizations work is closely aligned with the R&D cluster of programs in accordance with 2 CFR 200.17 and 2 CFR 200.87. Accordingly, the schedule of expenditures of federal awards reports all reportable programs in the R&D cluster. Subrecipient: Certain funds are passed through to subgrantee organizations by the Organization. Expenditures incurred by the subgrantees and reimbursed by the Organization are presented in the Schedule. The Organization is also the subrecipient of funds, which have been reported as expenditures and listed as pass-through funds. De Minimis Rate Used: N Rate Explanation: Expenditures reported on the Schedule are presented on the accrual basis of accounting. Expenditures consist of direct and indirect costs. Direct costs are those that can be identified specifically with a project. Indirect costs are costs of services and resources that benefit both sponsored and non-sponsored projects but are necessary for the operation of the Organization. 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. The Organization uses indirect cost rates to charge indirect costs to individual projects. The rates are the result of a number of complex cost allocation procedures that the Organization uses to allocate its indirect costs to both sponsored and non-sponsored activities. These indirect rates are reviewed and approved by the Defense Contract Audit Agency. Due to the nature of research and development that the Organization performs on behalf of the federal government, various contracts and project information is considered classified, which includes Top Secret, Secret, or Confidential. As a result, the Schedule reflects summarized data by agency in order to properly safeguard various information as required by the federal government.

Finding Details

Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.
Criteria: For cost-reimbursement contracts under the Federal Acquisition Regulations (FAR), 52.216-7(b)(1), with relation to supplies and services purchased for use on the contract, ?ordinary course of business? would be in accordance with the terms and conditions of a subcontract or invoice, and ordinarily within 30 days of the request to the federal government for reimbursement. Condition: The Organization did not have adequate documentation of extended payment terms in the ordinary course of business, and exceeded the typical 30 days. Effect: Subset of vendors were paid later than 30 days from the date of the request for reimbursement from the government. Cause: The Organization has been extending terms and conditions of payments of vendors beyond 30 days from the date of reimbursement request, as necessary for overall operations and its cash management needs. Questioned costs: None. Context: Of the sample of 60, nine of the selections were paid to the vendors more than 30 days from request for reimbursement. Of those nine, five were paid within 30 days of the receipt of the reimbursement from the government. Recommendation: The Organization should review its procedures, and update as necessary.