FAC Explorer

Audit 27883

FY End
2022-06-30
Total Expended
$1.24M
Findings
2
Programs
1
Organization: Community Youth Advance (MD)
Year: 2022 Accepted: 2023-05-22
Auditor: Rubino & Company Chartered

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
26203 2022-001 Significant Deficiency Yes L
602645 2022-001 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
84.287 Twenty-First Century Community Learning Centers $1.24M Yes 1

Contacts

Name Title Type
PVZ5MLG9RHK6 Jhae Thompson Auditee
2407703870 Dawit Negari Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. 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. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate of 8% allowed in the grant agreement.

Finding Details

Finding 2022-001
2022 ? 001: Timely Financial Reporting and SF-SAC Submission Criteria: Filing of the SF-SAC Submission timely represents a functioning financial system. Condition and Context: Complete financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Effect: Complete and accurate financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Recommendation: Procedures need to be developed for the following: ? Management should implement procedures to complete and reconcile all financial information within a reasonable time after year end. ? Management should implement a system to track the due date of the SF-SAC to ensure timely filing.
Finding 2022-001
2022 ? 001: Timely Financial Reporting and SF-SAC Submission Criteria: Filing of the SF-SAC Submission timely represents a functioning financial system. Condition and Context: Complete financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Effect: Complete and accurate financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Recommendation: Procedures need to be developed for the following: ? Management should implement procedures to complete and reconcile all financial information within a reasonable time after year end. ? Management should implement a system to track the due date of the SF-SAC to ensure timely filing.