FAC Explorer

Audit 298203

FY End
2023-06-30
Total Expended
$754,670
Findings
2
Programs
1
Organization: Peoria Area Convention and Visitors Bureau, Inc. (IN)
Year: 2023 Accepted: 2024-03-26
Auditor: Cla (clifton Larson Allen Llp)

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
385088 2023-001 Material Weakness - P
961530 2023-001 Material Weakness - P

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $754,670 Yes 1

Contacts

Name Title Type
JAY1N1UZKER9 Cj Goddard Auditee
3092246881 Rusty Gibson Auditor
No contacts on file

Notes to SEFA

Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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. BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Peoria Area Convention and Visitors Bureau, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements 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. De Minimis Rate Used: N Rate Explanation: The Organization has not elected to use the 10 percent de minimis indirect cost rate.

Finding Details

Finding 2023-001
Federal Agency: U.S. Department of Treasury Federal Program Name: The American Recue Plan Act/State Fiscal Recovery Fund Program Assistance Listing Number: 21.027 Pass-Through Agency: Illinois Department of Commerce and Economic Opportunity Pass-Through Number: 420-27-2921 Award Period: July 1, 2022 to June 30, 2023 Type of Finding:  Material Weakness in Internal Control over Compliance  Other Matter Criteria or specific requirement: When a non-Federal entity enters into a qualifying contract with a vendor, the non-Federal entity must verify that the vendor, as defined in 2 CFR section 180.995, is not suspended or debarred or otherwise excluded from participating in the transaction. Condition: During the award period, the Organization entered into two qualifying contracts, however the Organization did not verify if the vendor was suspended or debarred. Questioned costs: None Context: The Organization was not aware of this requirement, therefore for both of the instances was not in compliance with federal regulations. Cause: Management was not aware of this requirement. Effect: The Organization is not in compliance with requirements of the federal program. Repeat Finding: No Recommendation: We recommend that for all federal funded grants the Organization perform the required suspension and debarment verification when required, including implementing the necessary internal controls over this process. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Treasury Federal Program Name: The American Recue Plan Act/State Fiscal Recovery Fund Program Assistance Listing Number: 21.027 Pass-Through Agency: Illinois Department of Commerce and Economic Opportunity Pass-Through Number: 420-27-2921 Award Period: July 1, 2022 to June 30, 2023 Type of Finding:  Material Weakness in Internal Control over Compliance  Other Matter Criteria or specific requirement: When a non-Federal entity enters into a qualifying contract with a vendor, the non-Federal entity must verify that the vendor, as defined in 2 CFR section 180.995, is not suspended or debarred or otherwise excluded from participating in the transaction. Condition: During the award period, the Organization entered into two qualifying contracts, however the Organization did not verify if the vendor was suspended or debarred. Questioned costs: None Context: The Organization was not aware of this requirement, therefore for both of the instances was not in compliance with federal regulations. Cause: Management was not aware of this requirement. Effect: The Organization is not in compliance with requirements of the federal program. Repeat Finding: No Recommendation: We recommend that for all federal funded grants the Organization perform the required suspension and debarment verification when required, including implementing the necessary internal controls over this process. Views of responsible officials: There is no disagreement with the audit finding.