FAC Explorer

Audit 23501

FY End
2022-06-30
Total Expended
$2.39M
Findings
2
Programs
4
Organization: Aids Resource Foundation for Children, Inc. and Affiliate (NJ)
Year: 2022 Accepted: 2023-09-13
Auditor: Withumsmith+brown PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
19942 2022-001 Significant Deficiency - AB
596384 2022-001 Significant Deficiency - AB

Programs

ALN Program Spent Major Findings
14.195 Section 8 Housing Assistance Payments Program $1.03M Yes 1
93.917 Hiv Care Formula Grants $269,841 - 0
93.940 Hiv Prevention Activities_health Department Based $130,072 - 0
93.153 Coordinated Services and Access to Research for Women, Infants, Children, and Youth $123,522 - 0

Contacts

Name Title Type
KNEPG1AQ5KV3 Annie Chen Auditee
9736430400 Jim Mulroy Auditor
No contacts on file

Notes to SEFA

Accounting Policies: 1.GENERAL INFORMATIONThe accompanying consolidated schedules of expenditures of Federal awards and state financial assistance present the activities in all the Federal and state financial assistance programs of AIDS Resource Foundation for Children, Inc. and Affiliate. All financial assistance received directly from Federal and state agencies as well as financial assistance passed through other governmental agencies or non-profit organizations is included on the schedules.2.BASIS OF ACCOUNTINGThe accompanying consolidated schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accounting. The amounts reported in these consolidated schedules as expenditures may differ from certain financial reports submitted to Federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.3.RELATIONSHIP TO BASIC FINANCIAL STATEMENTSFederal and state awards expenditures are reported on the consolidated statement of functional expenses as program services. In certain programs, the expenditures reported in the basic consolidated financial statements may differ from the expenditures reported in the consolidated schedules of expenditures of Federal awards and state financial assistance due to program expenditures exceeding grant or contract budget limitations, Agency matching, or capitalization policies required under accounting principles generally accepted in the United States of America.4.INDIRECT COST RATEAIDS Resource Foundation for Children, Inc. and Affiliate has not previously received a negotiated cost rate but has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.5.SUBRECIPIENTSThe Agency has provided no federal awards to subrecipients for the year ended June 30, 2022. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.

Finding Details

Finding 2022-001
Condition AIDS Resource Foundation for Children, Inc. failed to file its single audit report with the federal clearinghouse by the required due date ? the earlier of 30 calendar days after the receipt of the auditor?s report, or nine months after the end of the period under audit. The single audit report for the year ended June 30, 2022 was required to be completed and filed by March 31, 2023 however, the audit was not completed. Criteria Per 2 CFR 910.512(a)(1), the audit must be completed, and the reporting package must be submitted within the earlier of 30 calendar days after the receipt of the auditor?s report, or nine months after the end of the audit period. Cause The Agency did not timely close out its books and records and administer the audit in a timely manner to permit timely filing. Effect or Potential Effect Lateness in reporting could result in current information not being provided to federal agencies timely and potential impacts on grant funding. Recommendation We recommend that AIDS Resource Foundation for Children, Inc.. establish procedures and controls to ensure the accounting records are closed out timely and ensure required audits are scheduled and performed timely. Management Response We plan on starting the June 2023 audit by December 1, 2023 which should give us enough time to complete the Uniform Guidance audit by March 31, 2024. Planned Implementation Date of Corrective Action October 2023 Person Responsible for Corrective Action Executive Director
Finding 2022-001
Condition AIDS Resource Foundation for Children, Inc. failed to file its single audit report with the federal clearinghouse by the required due date ? the earlier of 30 calendar days after the receipt of the auditor?s report, or nine months after the end of the period under audit. The single audit report for the year ended June 30, 2022 was required to be completed and filed by March 31, 2023 however, the audit was not completed. Criteria Per 2 CFR 910.512(a)(1), the audit must be completed, and the reporting package must be submitted within the earlier of 30 calendar days after the receipt of the auditor?s report, or nine months after the end of the audit period. Cause The Agency did not timely close out its books and records and administer the audit in a timely manner to permit timely filing. Effect or Potential Effect Lateness in reporting could result in current information not being provided to federal agencies timely and potential impacts on grant funding. Recommendation We recommend that AIDS Resource Foundation for Children, Inc.. establish procedures and controls to ensure the accounting records are closed out timely and ensure required audits are scheduled and performed timely. Management Response We plan on starting the June 2023 audit by December 1, 2023 which should give us enough time to complete the Uniform Guidance audit by March 31, 2024. Planned Implementation Date of Corrective Action October 2023 Person Responsible for Corrective Action Executive Director