FAC Explorer

Audit 298541

FY End
2022-06-30
Total Expended
$1.26M
Findings
2
Programs
2
Organization: Wilkinson Center (TX)
Year: 2022 Accepted: 2024-03-27
Auditor: Haynie & Company

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
386132 2022-001 Material Weakness - P
962574 2022-001 Material Weakness - P

Programs

ALN Program Spent Major Findings
84.002 Adult Education - Basic Grants to States $1.23M Yes 1
97.024 Emergency Food and Shelter National Board Program $24,197 - 0

Contacts

Name Title Type
EMMDNX8MUZX4 Rosemary Burgos-Bennett Auditee
9722840304 Andrew James Moore Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Subpart E of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: No indirect costs charged The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of Wilkinson Center (“the Center”) and is presented on the accrual basis of accounting. The information in the 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”). Because the Schedule presents only a selected portion of the operation of the Center, it is not intended to and does not present the financial position, changes in net assets, and cash flows of the Center.
Title: Commitments and Contingencies Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Subpart E of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: No indirect costs charged Federal grants received by the Center are subject to review and audit by grantor agencies. The Center’s management believes that the results of such audits will not have a material effect on the Schedule.

Finding Details

Finding 2022-001
Criteria: Audits performed in accountants with generally accepted accounting principles require that net assets related to outstanding donor restrictions be reported separately from nets assets without donor restrictions. Some donor-imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Donor-imposed restrictions are released when a restriction expires, that is, when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both. Other donor-imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. This includes additions during the year as well as amounts released as restrictions are satisfied. Condition: The Center was unable to submit the audit report by the 9 month deadline. This was due to personnel turnover, the tracking of individual donor restrictions was lost and was required to be rebuilt causing significant delays in the performance of the audit. The restrictions related to non-governmental grants, and therefore, no weakness were noted in the tracking of federal revenues earned and received. Effect: The delay resulted in the audit being completed after the required nine month due date to the federal clearinghouse. Recommendation: The schedule of restrictions should be maintained throughout the year to prevent delays in financial reporting. Corrective Action: Management has already corrected the schedule and anticipates timely filings of future reports. The financial report for the fiscal year ending June 30, 2023 is nearing completion and the Center anticipates it being filed in advance of the required due date.
Finding 2022-001
Criteria: Audits performed in accountants with generally accepted accounting principles require that net assets related to outstanding donor restrictions be reported separately from nets assets without donor restrictions. Some donor-imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Donor-imposed restrictions are released when a restriction expires, that is, when the stipulated time has elapsed, when the stipulated purpose for which the resource was restricted has been fulfilled, or both. Other donor-imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity. This includes additions during the year as well as amounts released as restrictions are satisfied. Condition: The Center was unable to submit the audit report by the 9 month deadline. This was due to personnel turnover, the tracking of individual donor restrictions was lost and was required to be rebuilt causing significant delays in the performance of the audit. The restrictions related to non-governmental grants, and therefore, no weakness were noted in the tracking of federal revenues earned and received. Effect: The delay resulted in the audit being completed after the required nine month due date to the federal clearinghouse. Recommendation: The schedule of restrictions should be maintained throughout the year to prevent delays in financial reporting. Corrective Action: Management has already corrected the schedule and anticipates timely filings of future reports. The financial report for the fiscal year ending June 30, 2023 is nearing completion and the Center anticipates it being filed in advance of the required due date.