FAC Explorer

Audit 297261

FY End
2022-12-31
Total Expended
$1.16M
Findings
2
Programs
4
Organization: Future Foundation, INC (GA)
Year: 2022 Accepted: 2024-03-25
Auditor: Mjco LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
384107 2022-001 Significant Deficiency - L
960549 2022-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
84.287 Twenty-First Century Community Learning Centers $958,900 Yes 1
93.558 Temporary Assistance for Needy Families $96,386 - 0
93.235 Affordable Care Act (aca) Abstinence Education Program $75,934 - 0
93.092 Affordable Care Act (aca) Personal Responsibility Education Program $31,214 - 0

Contacts

Name Title Type
M68EA63X2HN9 Ronnette Smith Auditee
6786423730 Randy Shrum Auditor
No contacts on file

Notes to SEFA

Title: Note 1 - General Accounting Policies: NOTE 1 – GENERAL The accompanying schedule of expenditures of federal awards (the “SEFA”) presents the activity of all federal financial awards programs received by the Organization. All federal awards received directly from federal agencies, and federal awards passed through other government agencies, are included on the schedule. NOTE 2 – BASIS OF ACCOUNTING The accompanying SEFA is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “SEFA”) presents the activity of all federal financial awards programs received by the Organization. All federal awards received directly from federal agencies, and federal awards passed through other government agencies, are included on the schedule.
Title: Note 2 - Basis of Accounting Accounting Policies: NOTE 1 – GENERAL The accompanying schedule of expenditures of federal awards (the “SEFA”) presents the activity of all federal financial awards programs received by the Organization. All federal awards received directly from federal agencies, and federal awards passed through other government agencies, are included on the schedule. NOTE 2 – BASIS OF ACCOUNTING The accompanying SEFA is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying SEFA is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: Note 3 - Indirect Cost Rate Accounting Policies: NOTE 1 – GENERAL The accompanying schedule of expenditures of federal awards (the “SEFA”) presents the activity of all federal financial awards programs received by the Organization. All federal awards received directly from federal agencies, and federal awards passed through other government agencies, are included on the schedule. NOTE 2 – BASIS OF ACCOUNTING The accompanying SEFA is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2022-001
Internal Control Impact: Significant deficiency Criteria: Under Uniform Guidance 2 CFR Section 200.512(a), the audit shall be completed and the data collection form and reporting package shall be electronically transmitted within the earlier of 30 days after receipt of the auditors’ reports, or nine (9) months after the end of the audit period. Condition: The Organization’s audit was not able to be completed and the data collection form and reporting package electronically transmitted to the Federal Audit Clearinghouse within nine (9) months after the end of the audit period. Cause: The start of the Organization’s audit was delayed due to delays in closing the books and transmitting payments. Effect: Failure to complete the audit and submit the data collection form and reporting package timely could result in a failure to meet the requirements imposed by Federal grantor agencies and by the Uniform Guidance. Recommendation: Marshall Jones recommends that the Organization establish a process to close their year-end books in a timely manner and begin the audit well in advance of the filing deadline for the data collection form and reporting package. Views of Responsible Officials: Management of the Organization concurs with the finding. Please refer to the Corrective Action Plan.
Finding 2022-001
Internal Control Impact: Significant deficiency Criteria: Under Uniform Guidance 2 CFR Section 200.512(a), the audit shall be completed and the data collection form and reporting package shall be electronically transmitted within the earlier of 30 days after receipt of the auditors’ reports, or nine (9) months after the end of the audit period. Condition: The Organization’s audit was not able to be completed and the data collection form and reporting package electronically transmitted to the Federal Audit Clearinghouse within nine (9) months after the end of the audit period. Cause: The start of the Organization’s audit was delayed due to delays in closing the books and transmitting payments. Effect: Failure to complete the audit and submit the data collection form and reporting package timely could result in a failure to meet the requirements imposed by Federal grantor agencies and by the Uniform Guidance. Recommendation: Marshall Jones recommends that the Organization establish a process to close their year-end books in a timely manner and begin the audit well in advance of the filing deadline for the data collection form and reporting package. Views of Responsible Officials: Management of the Organization concurs with the finding. Please refer to the Corrective Action Plan.