FAC Explorer

Audit 302519

FY End
2022-12-31
Total Expended
$1.18M
Findings
2
Programs
2
Organization: Seventy-Five North Revitalization Corporation (NE)
Year: 2022 Accepted: 2024-04-03
Auditor: Frankel LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
392256 2022-003 Significant Deficiency - I
968698 2022-003 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
14.239 Home Investment Partnerships Program $896,556 Yes 1
14.889 Choice Neighborhoods Implementation Grants $280,540 - 0

Contacts

Name Title Type
TVSPJAHG2DE5 Sharlon Rodgers Auditee
4025022770 Shari Munro Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The above Schedule of Expenditures of Federal Awards includes the Federal grant activity of Seventy-Five North Revitalization Corporation and Subsidiaries (the Corporation) and is presented on the accrual basis of accounting. This information 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 Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The Corporation did not elect to use the 10% de minimis indirect cost rate.

Finding Details

Finding 2022-003
Procurement Policies Criteria: Section 2 of the Code of Federal Regulations (CFR), Part 200, Subpart D, includes the procurement standards which require written standards of conduct for an entity governing the actions of its employees engaged in the selection, award, and administration of contracts. Condition: The Corporation does not have written procurement policies governing the selection, award, and administration of contracts. Cause: The Corporation does not have sufficient internal controls to ensure they are in compliance with the requirements of federal programs. Effect: The Corporation is not in compliance with 2 CFR 200, Subpart D which could lead to inappropriate selection, award, or administration of contracts and federal program noncompliance. Response: See Corrective Action Plan.
Finding 2022-003
Procurement Policies Criteria: Section 2 of the Code of Federal Regulations (CFR), Part 200, Subpart D, includes the procurement standards which require written standards of conduct for an entity governing the actions of its employees engaged in the selection, award, and administration of contracts. Condition: The Corporation does not have written procurement policies governing the selection, award, and administration of contracts. Cause: The Corporation does not have sufficient internal controls to ensure they are in compliance with the requirements of federal programs. Effect: The Corporation is not in compliance with 2 CFR 200, Subpart D which could lead to inappropriate selection, award, or administration of contracts and federal program noncompliance. Response: See Corrective Action Plan.