FAC Explorer

Audit 302735

FY End
2022-12-31
Total Expended
$2.07M
Findings
2
Programs
5
Organization: Ozarks Regional YMCA (MO)
Year: 2022 Accepted: 2024-04-05
Auditor: Kpm CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
392392 2022-001 Significant Deficiency Yes BC
968834 2022-001 Significant Deficiency Yes BC

Programs

ALN Program Spent Major Findings
93.575 Child Care and Development Block Grant $1.66M Yes 1
10.558 Child and Adult Care Food Program $220,963 - 0
84.287 Twenty-First Century Community Learning Centers $113,412 - 0
10.559 Summer Food Service Program for Children $67,809 - 0
93.558 Temporary Assistance for Needy Families $2,730 - 0

Contacts

Name Title Type
D46LRSHWJTB1 Marlin D. Kroenke Auditee
4178628962 Barbara Houser Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Association 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 “Schedule”) includes the federal awards activity of Ozarks Regional YMCA under programs of the federal government for the year ended December 31, 2022. The information in this Schedule 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). Because the Schedule presents only a selected portion of the operations of Ozarks Regional YMCA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Ozarks Regional YMCA.
Title: Subrecipients 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Association has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Ozarks Regional YMCA did not provide federal awards to subrecipients during the year ended December 31, 2022

Finding Details

Finding 2022-001
2022-001 Written Uniform Guidance Policies and Procedures Federal Program: Department of Health and Human Services Federal Assistance Listing 93.575 - Child Care and Development Block Grant Criteria: Uniform Guidance requires written procedures for cash management and determining the allowability of costs in accordance with Subpart E - Cost Principles. Condition: Ozarks Regional YMCA did not have written procedures for cash management (2 CFR 200.302(b)(6)) and allowable costs determination (2 CFR 200.302(b)(7)) in accordance with Uniform Guidance requirements. Questioned Costs: $0 Cause: Ozarks Regional YMCA's written policies and procedures were not updated to include required Uniform Guidance policies. Indentification of a Repeat Finding: This is a repeat finding from the immediate previous audit, 2021-001. Effect: Employees of Ozarks Regional YMCA could enter into a transactions that is not in compliance with Uniform Guidance requirements. Recommendation: We recommend Ozarks Regional YMCA draft and adopt written procedures in accordance with Uniform Guidance requirements. View of Responsible Officials and Planned Corrective Action: Management agrees with the finding and is in process of developing and implementing the appropriate policies and procedures. The board of directors will vote to approve the policies during the second quarter of 2024.
Finding 2022-001
2022-001 Written Uniform Guidance Policies and Procedures Federal Program: Department of Health and Human Services Federal Assistance Listing 93.575 - Child Care and Development Block Grant Criteria: Uniform Guidance requires written procedures for cash management and determining the allowability of costs in accordance with Subpart E - Cost Principles. Condition: Ozarks Regional YMCA did not have written procedures for cash management (2 CFR 200.302(b)(6)) and allowable costs determination (2 CFR 200.302(b)(7)) in accordance with Uniform Guidance requirements. Questioned Costs: $0 Cause: Ozarks Regional YMCA's written policies and procedures were not updated to include required Uniform Guidance policies. Indentification of a Repeat Finding: This is a repeat finding from the immediate previous audit, 2021-001. Effect: Employees of Ozarks Regional YMCA could enter into a transactions that is not in compliance with Uniform Guidance requirements. Recommendation: We recommend Ozarks Regional YMCA draft and adopt written procedures in accordance with Uniform Guidance requirements. View of Responsible Officials and Planned Corrective Action: Management agrees with the finding and is in process of developing and implementing the appropriate policies and procedures. The board of directors will vote to approve the policies during the second quarter of 2024.