FAC Explorer

Audit 28909

FY End
2022-09-30
Total Expended
$1.42M
Findings
2
Programs
1
Organization: Inspire Arts and Music, Inc. (MA)
Year: 2022 Accepted: 2023-08-14
Auditor: Melanson

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
32633 2022-001 - - P
609075 2022-001 - - P

Programs

ALN Program Spent Major Findings
59.075 Shuttered Venue Operators Grant Program $1.42M Yes 1

Contacts

Name Title Type
KTKLLC91PU35 Donna Monte Auditee
6172684600 Alyssa Simard Auditor
No contacts on file

Notes to SEFA

Title: Note 3. Donated Personal Protective Equipment (PPE) (Unaudited) Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Inspire Arts and Music, Inc. (the Organization) under programs of the federal government for the year ended September 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Require?ments for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.Expenditures reported on the Schedule 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 to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. During fiscal year 2022, the Organization did not receive donated PPE from federal sources.
Title: Note 4. Subrecipients Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Inspire Arts and Music, Inc. (the Organization) under programs of the federal government for the year ended September 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Require?ments for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.Expenditures reported on the Schedule 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 to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Of the federal expenditures presented in the Schedule, the Organization did not provide federal awards to subrecipients.

Finding Details

Finding 2022-001
2022-001 Implement Documented Policies and Procedures Over Federal Awards Federal Program(s) Information Cluster/Program: All Federal Programs Type of Finding Compliance ? Other Matters Criteria or Specific Requirement OMB?s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UG) established significant new requirements related to federal awards. The new requirements stipulate that federal award recipients must document their policies and procedures over certain aspects of financial and program management. Specifically, written policies are required for the following: Determination of allowable costs Employee travel Cash management Matching Procurement Reporting Subrecipient monitoring and management Condition and Context The Organization does not have formal written policies and procedures related to federal awards, as required by the Uniform Guidance. Cause Weaknesses in the design internal controls. Effect or Potential Effect There are no questioned costs as a result of this finding, as there are no costs directly associated with this compliance requirement, and this is a procedural requirement under the Uniform Guidance. Recommendation The Organization should address the weakness in the formal documentation of internal controls noted above in order to comply with the Uniform Guidance. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management?s corrective action plan is included at the end of this report after the schedule of prior year findings.
Finding 2022-001
2022-001 Implement Documented Policies and Procedures Over Federal Awards Federal Program(s) Information Cluster/Program: All Federal Programs Type of Finding Compliance ? Other Matters Criteria or Specific Requirement OMB?s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UG) established significant new requirements related to federal awards. The new requirements stipulate that federal award recipients must document their policies and procedures over certain aspects of financial and program management. Specifically, written policies are required for the following: Determination of allowable costs Employee travel Cash management Matching Procurement Reporting Subrecipient monitoring and management Condition and Context The Organization does not have formal written policies and procedures related to federal awards, as required by the Uniform Guidance. Cause Weaknesses in the design internal controls. Effect or Potential Effect There are no questioned costs as a result of this finding, as there are no costs directly associated with this compliance requirement, and this is a procedural requirement under the Uniform Guidance. Recommendation The Organization should address the weakness in the formal documentation of internal controls noted above in order to comply with the Uniform Guidance. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management?s corrective action plan is included at the end of this report after the schedule of prior year findings.