Audit 2592

FY End

2022-08-31

Total Expended

$957,647

Findings

2

Programs

1

Organization: Eugene O'Neill Memorial Theater Center, Inc. (CT)

Year: 2022 Accepted: 2023-11-08

Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
1382	2022-001	-	-	P
577824	2022-001	-	-	P

ALN	Program	Spent	Major	Findings
59.075	Shuttered Venue Operators Grant Program	$957,647	Yes	1

Contacts

Name	Title	Type
ZQM4GUSRCDZ4	William Kuklinski	Auditee
8604435378	Nicole Lee	Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Eugene O’Neill Memorial Theater Center, Inc., under programs of the federal government for the year ended August 31, 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 operations of Eugene O’Neill Memorial Theater Center, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Eugene O’Neill Memorial Theater Center, Inc. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting. For cost-reimbursement awards, 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. For performance-based awards, expenditures reported represent amounts earned. De Minimis Rate Used: N Rate Explanation: Eugene O’Neill Memorial Theater Center, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2022-001

Federal Agency: U.S. Small Business Administration Federal Program Name: Shuttered Venue Operators Grant Assistance Listing Number: 59.075 Award Period: July 2, 2021 – December 31, 2021 Type of Finding: • Other Matters Criteria: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of period of performance. Eugene O’Neill Memorial Theater Center, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing of expenditures, we noted Eugene O’Neill Memorial Theater Center, Inc. recorded grant revenue in fiscal year 2022 for expenditures related to fiscal year 2021. This revenue should have been reported in fiscal year 2021 when expenses were incurred. There were not adequate internal controls designed to ensure costs were properly charged to awards within the proper period. Questioned costs: None noted Context: Eugene O’Neill Memorial Theater Center, Inc. was not properly considering the period in which expense was incurred when recording grant revenue. Cause: Exception was caused due to inadequate review over period of performance compliance. Effect: Amounts are reported as revenue in incorrect fiscal year on the financial statements. The expenses were properly charged to the grant and occurred within the grant period. Repeat Finding: No Recommendation: We recommend Eugene O’Neill Memorial Theater Center, Inc. design controls to ensure an adequate review process is in place to review the period of costs incurred to ensure costs are recorded within the financial statements as grant revenue in the proper period. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.

Finding 2022-001

Federal Agency: U.S. Small Business Administration Federal Program Name: Shuttered Venue Operators Grant Assistance Listing Number: 59.075 Award Period: July 2, 2021 – December 31, 2021 Type of Finding: • Other Matters Criteria: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of period of performance. Eugene O’Neill Memorial Theater Center, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing of expenditures, we noted Eugene O’Neill Memorial Theater Center, Inc. recorded grant revenue in fiscal year 2022 for expenditures related to fiscal year 2021. This revenue should have been reported in fiscal year 2021 when expenses were incurred. There were not adequate internal controls designed to ensure costs were properly charged to awards within the proper period. Questioned costs: None noted Context: Eugene O’Neill Memorial Theater Center, Inc. was not properly considering the period in which expense was incurred when recording grant revenue. Cause: Exception was caused due to inadequate review over period of performance compliance. Effect: Amounts are reported as revenue in incorrect fiscal year on the financial statements. The expenses were properly charged to the grant and occurred within the grant period. Repeat Finding: No Recommendation: We recommend Eugene O’Neill Memorial Theater Center, Inc. design controls to ensure an adequate review process is in place to review the period of costs incurred to ensure costs are recorded within the financial statements as grant revenue in the proper period. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.