FAC Explorer

Audit 293524

FY End
2023-08-31
Total Expended
$4.76M
Findings
2
Programs
3
Organization: Absaroka, INC (WY)
Year: 2023 Accepted: 2024-03-05
Auditor: Carver Florek & James Cpa's

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
372226 2023-001 Significant Deficiency - I
948668 2023-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
93.600 Head Start $203,474 Yes 0
10.558 Child and Adult Care Food Program $171,998 - 0
93.575 Child Care and Development Block Grant $135,000 - 0

Contacts

Name Title Type
C1L9K1QVBAR8 Ashley Olsen Auditee
3073474192 Jason Lund Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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. Expenditures of Federal Awards for COVID-19 related costs are stipulated by grant providers, are presented separately. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Organization under programs of the federal government for the year ended August 31, 2023 and is presented in accordance with accounting principles generally accepted in the United States of America. The information in this 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) and with the requirements of Title 45 U.S. Code Federal Regulations, Part 75, Uniform Administrative Requirements, Cost Principles and Audit Requirements for HHS Rewards. Because the Schedule presents only a selected portion of the operations of Organization, it is not intended to and does not present the changes in net assets of the Organization. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. There were no loans/loan guarantees.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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. Expenditures of Federal Awards for COVID-19 related costs are stipulated by grant providers, are presented separately. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Expenditures reported on the Schedule are reported on the modified 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. Expenditures of Federal Awards for COVID-19 related costs are stipulated by grant providers, are presented separately.
Title: SUBRECIPIENTS Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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. Expenditures of Federal Awards for COVID-19 related costs are stipulated by grant providers, are presented separately. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Of the federal expenditures presented in the Schedule, the Organization provided no federal awards to subrecipients.
Title: INDIRECT COST RATE Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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. Expenditures of Federal Awards for COVID-19 related costs are stipulated by grant providers, are presented separately. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2023-001
2023-001 Vendors Certification of Debarment or Suspension Type of Finding - Significant Deficiency in Internal Controls Criteria - Absaroka, Inc has policies and procedures, which require that suspension or debarment of vendors be documented before Absaroka, Inc engages with business activities with vendors. Cause - Absaroka, Inc. needs to provide the necessary documentation to verify that vendors, are not debarred or suspended before engaging in Federal expenditures. Condition - During detail testing of transactions, there was no documentation to verify that vendors doing business with Absaroka, Inc. were not debarred as their own policy states, and required by HeadStart. Effect - Absaroka, Inc could engage with vendors that are suspended or debarred. Questioned Costs - 0 Recommendation - It is recommended that Absaroka, Inc. check to ensure that vendors engaged in business transactions are not debarred or suspended to avoid spending Federal expenditures in noncompliance of the Federal HeadStart Award.
Finding 2023-001
2023-001 Vendors Certification of Debarment or Suspension Type of Finding - Significant Deficiency in Internal Controls Criteria - Absaroka, Inc has policies and procedures, which require that suspension or debarment of vendors be documented before Absaroka, Inc engages with business activities with vendors. Cause - Absaroka, Inc. needs to provide the necessary documentation to verify that vendors, are not debarred or suspended before engaging in Federal expenditures. Condition - During detail testing of transactions, there was no documentation to verify that vendors doing business with Absaroka, Inc. were not debarred as their own policy states, and required by HeadStart. Effect - Absaroka, Inc could engage with vendors that are suspended or debarred. Questioned Costs - 0 Recommendation - It is recommended that Absaroka, Inc. check to ensure that vendors engaged in business transactions are not debarred or suspended to avoid spending Federal expenditures in noncompliance of the Federal HeadStart Award.