FAC Explorer

Audit 305046

FY End
2019-12-31
Total Expended
$795,916
Findings
6
Programs
1
Organization: Family Center of Hope (TN)
Year: 2019 Accepted: 2024-04-30
Auditor: Wharton CPA LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
395121 2019-001 Material Weakness Yes P
395122 2019-002 Material Weakness Yes I
395123 2019-003 Material Weakness Yes P
971563 2019-001 Material Weakness Yes P
971564 2019-002 Material Weakness Yes I
971565 2019-003 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $795,916 Yes 3

Contacts

Name Title Type
L7M4L75LFFB3 Patricia Watson Auditee
5047667564 Brendel Wharton Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: This schedule includes the activity of Family Center of Hope and is presented on the accrual basis of accounting. 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). The federal revenues were received and recongnized in 2018. De Minimis Rate Used: N Rate Explanation: N/A This schedule includes the activity of Family Center of Hope and is presented on the accrual basis of accounting. 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). The federal revenues were received and recongnized in 2018.

Finding Details

Finding 2019-001
Late Audit Report Filing: Condition: The audit for the year ended December 31, 2019 was not completed and submitted until 2024. Criteria: Federal law requires audit submission no later than nine (9) months following the end of the fiscal year. The Louisiana State audit law (LRS 24:513) requires the agency to complete its reporting requirements to the State within six (6) months following the end of its fiscal year. Cause: A previously engaged CPA did not complete the audit timely and the agency had to engage a different CPA. Effect: The audit is late and not in compliance with State and Federal reporting requirements. Recommendation: It is recommended that the Agency procure CPA services in a timely manner to meet its reporting obligations under both Federal and Louisiana State audit law.
Finding 2019-002
Public Bid Law: Condition: Family Center of Hope budgeted construction costs for damage to their property at over $1,500,000, but the agency did not obtain formal bids for the work. Criteria: The Louisiana State Public Bid law (RS 38-2212) requires the agency to advertise for and receive bids prior to contract issuance for public works exceeding $250,000. Cause: The cause is undeterminable. Effect: The agency did not comply with the Louisiana Public Bid Law or Federal procurement laws. Recommendation: It is recommended that the agency comply with all applicable federal, state, and local laws regarding procurement of services.
Finding 2019-003
Cash Recorded from Bank Account of Another Entity: Condition: Family Center of Hope provided financial statements including cash of $578,214 that is in the bank account of another entity. The financial statements also included significant expenses paid from the same bank account. Criteria: The financial statements of any entity should include only the assets owned by them. Cause: The cause is undeterminable. Effect: The agency provided financial statements that did not present fairly their financial position. Recommendation: It is recommended that the agency compile financial statements that include only the assets owned by them.
Finding 2019-001
Late Audit Report Filing: Condition: The audit for the year ended December 31, 2019 was not completed and submitted until 2024. Criteria: Federal law requires audit submission no later than nine (9) months following the end of the fiscal year. The Louisiana State audit law (LRS 24:513) requires the agency to complete its reporting requirements to the State within six (6) months following the end of its fiscal year. Cause: A previously engaged CPA did not complete the audit timely and the agency had to engage a different CPA. Effect: The audit is late and not in compliance with State and Federal reporting requirements. Recommendation: It is recommended that the Agency procure CPA services in a timely manner to meet its reporting obligations under both Federal and Louisiana State audit law.
Finding 2019-002
Public Bid Law: Condition: Family Center of Hope budgeted construction costs for damage to their property at over $1,500,000, but the agency did not obtain formal bids for the work. Criteria: The Louisiana State Public Bid law (RS 38-2212) requires the agency to advertise for and receive bids prior to contract issuance for public works exceeding $250,000. Cause: The cause is undeterminable. Effect: The agency did not comply with the Louisiana Public Bid Law or Federal procurement laws. Recommendation: It is recommended that the agency comply with all applicable federal, state, and local laws regarding procurement of services.
Finding 2019-003
Cash Recorded from Bank Account of Another Entity: Condition: Family Center of Hope provided financial statements including cash of $578,214 that is in the bank account of another entity. The financial statements also included significant expenses paid from the same bank account. Criteria: The financial statements of any entity should include only the assets owned by them. Cause: The cause is undeterminable. Effect: The agency provided financial statements that did not present fairly their financial position. Recommendation: It is recommended that the agency compile financial statements that include only the assets owned by them.