FAC Explorer

Audit 26415

FY End
2022-12-31
Total Expended
$886,497
Findings
2
Programs
1
Organization: Compassionate Care of Chesterfield (SC)
Year: 2022 Accepted: 2023-08-01
Auditor: Cantey Tiller Pierce and Green CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
30721 2022-001 Significant Deficiency Yes C
607163 2022-001 Significant Deficiency Yes C

Programs

ALN Program Spent Major Findings
10.766 Community Facilities Loans and Grants $886,497 Yes 1

Contacts

Name Title Type
JNKXWASDCNQ5 Melanie Short Auditee
8436239155 Jan Pierce Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES1. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.2. Pass-through entity identifying numbers are presented where available. Encumbrance accounting is not employed in governmental funds.3. The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 855309.

Finding Details

Finding 2022-001
"Condition ? During our audit we reviewed procedures over transaction cycles related to receipting, cash disbursements and payroll and found the Organization to have limited segregation of duties related to the disbursements cycle. Criteria ? Adequate separation of duties calls for clear segregation of functions such as receipts, disbursements, recording, custody of assets, transaction authorization and performance monitoring. Cause ? The accounting staff of the Organization maintain and control the check stock, prepares checks, records disbursements, prepares deposits and posts to general ledger. Effect ? The existence of this limited segregation of duties increases the risk of misstatement or fraud. Recommendation ? While we recognize the number of staff is not large enough to eliminate these deficiencies entirely, we believe the risk has been reduced with better monitoring through the Board and other parties reviewing cancelled checks and unopened bank statements and reviewing the bank reconcilement."
Finding 2022-001
"Condition ? During our audit we reviewed procedures over transaction cycles related to receipting, cash disbursements and payroll and found the Organization to have limited segregation of duties related to the disbursements cycle. Criteria ? Adequate separation of duties calls for clear segregation of functions such as receipts, disbursements, recording, custody of assets, transaction authorization and performance monitoring. Cause ? The accounting staff of the Organization maintain and control the check stock, prepares checks, records disbursements, prepares deposits and posts to general ledger. Effect ? The existence of this limited segregation of duties increases the risk of misstatement or fraud. Recommendation ? While we recognize the number of staff is not large enough to eliminate these deficiencies entirely, we believe the risk has been reduced with better monitoring through the Board and other parties reviewing cancelled checks and unopened bank statements and reviewing the bank reconcilement."