FAC Explorer

Audit 304044

FY End
2023-09-30
Total Expended
$27.39M
Findings
2
Programs
9
Organization: Sunbelt Human Advancement Resources, Inc. (SC)
Year: 2023 Accepted: 2024-04-19
Auditor: Martin Smith & Company CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
393846 2023-001 Material Weakness - P
970288 2023-001 Material Weakness - P

Programs

ALN Program Spent Major Findings
10.558 Child and Adult Care Food Program $968,213 Yes 0
93.600 Head Start $402,176 Yes 0
93.568 Low-Income Home Energy Assistance $126,344 - 0
14.267 Continuum of Care Program $125,574 - 0
93.569 Community Services Block Grant $17,898 - 0
14.231 Emergency Solutions Grant Program $15,312 - 0
14.256 Neighborhood Stabilization $5,419 - 0
97.024 Emergency Food and Shelter National Board Program $4,312 - 0
14.218 Community Development Block Grants/entitlement Grants $2,724 - 0

Contacts

Name Title Type
DKTCUL4DN723 Doris Pitchford Auditee
8642670700 Ken Martin Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented such that expenditures are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, whereby certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits in the normal course of business to amounts reported as expenditures in previous years. De Minimis Rate Used: N Rate Explanation: N/A

Finding Details

Finding 2023-001
2023-01 Internal Control over Financial Reporting - Adjustments Condition: During the audit process, significant adjustments were made to the Organization’s financial records so as to appropriately state the financial statements in the current fiscal year. The Organization’s independent auditors may assist in the preparation of accurate financial statements and disclosures but are not considered a part of the Organization’s internal control process under audit standards. Criteria: Professional standards issued by the Auditing Standards Board. Cause: Complexities in implementing new accounting guidance for revenue recognition and leases contributed to the cause of this condition. Effect: As a result of this condition, without reliance on its external auditors, the Organization lacked the necessary internal controls over the preparation of its financial statements in accordance with generally accepted accounting principles. This condition could result in undetected and uncorrected misstatements in the financial statements that are not detected by management and may also not be detected by the financial statement audit. Recommendation: The condition, cause and effect described above, is common to similar organizations. The Organization’s financial management should continue to carefully apply accounting guidance in these emerging areas. Response: The Organization is committed to continuing to improve its financial management and accounting capacity.
Finding 2023-001
2023-01 Internal Control over Financial Reporting - Adjustments Condition: During the audit process, significant adjustments were made to the Organization’s financial records so as to appropriately state the financial statements in the current fiscal year. The Organization’s independent auditors may assist in the preparation of accurate financial statements and disclosures but are not considered a part of the Organization’s internal control process under audit standards. Criteria: Professional standards issued by the Auditing Standards Board. Cause: Complexities in implementing new accounting guidance for revenue recognition and leases contributed to the cause of this condition. Effect: As a result of this condition, without reliance on its external auditors, the Organization lacked the necessary internal controls over the preparation of its financial statements in accordance with generally accepted accounting principles. This condition could result in undetected and uncorrected misstatements in the financial statements that are not detected by management and may also not be detected by the financial statement audit. Recommendation: The condition, cause and effect described above, is common to similar organizations. The Organization’s financial management should continue to carefully apply accounting guidance in these emerging areas. Response: The Organization is committed to continuing to improve its financial management and accounting capacity.