FAC Explorer

Audit 306926

FY End
2022-03-31
Total Expended
$1.01M
Findings
2
Programs
3
Organization: Assemblies of God Family Services Agency (AR)
Year: 2022 Accepted: 2024-05-22
Auditor: Ata PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
398249 2022-001 Significant Deficiency - A
974691 2022-001 Significant Deficiency - A

Programs

ALN Program Spent Major Findings
93.658 Foster Care_title IV-E $857,992 Yes 1
93.674 John H. Chafee Foster Care Program for Successful Transition to Adulthood $97,828 - 0
93.556 Promoting Safe and Stable Families $51,782 - 0

Contacts

Name Title Type
RLF1NJG2CLM5 Stephanie Polites Auditee
5012620115 Courtney Moore Auditor
No contacts on file

Notes to SEFA

Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Did not elect to use. Expenditures reported on the schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Basis of Accounting Accounting Policies: Expenditures reported on the schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Did not elect to use. The accompanying schedules of expenditures of federal and state awards includes the federal and state grant activities of the Organization and are presented on the accrual basis of accounting. The information in the schedules is presented in accordance with the requirements of 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 schedules present only a selected portion of the operations of the Organization, they are not intended to and do not present the financial position, changes in net assets or cash flows.
Title: Federal Indirect Rate Accounting Policies: Expenditures reported on the schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Did not elect to use. The Organization has elected not to use the 10% de minimums indirect cost rate as allowed under the uniform guidance.

Finding Details

Finding 2022-001
2022-001, Accounts receivable not being properly tracked. Condition: Accounts receivable were not being properly tracked and recorded. Criteria: Per the Uniform Guidance, a significant deficiency exists when there is a failure to reconcile accounts receivable in a timely or accurate manner. Cause: Former finance manager had multiple events in her personal life that were preventing her from focusing on her job and was unable to properly track receivables. Effect: Material misstatement in revenues and receivables that had to be written off due to lack of documentation. Recommendation: We recommend a system of internal controls be developed and put in place to ensure adequate tracking of receivables. Management response: This has been done as of the date of the audit. Former finance manager was replaced and a new accounts receivable tracking system was put into place.
Finding 2022-001
2022-001, Accounts receivable not being properly tracked. Condition: Accounts receivable were not being properly tracked and recorded. Criteria: Per the Uniform Guidance, a significant deficiency exists when there is a failure to reconcile accounts receivable in a timely or accurate manner. Cause: Former finance manager had multiple events in her personal life that were preventing her from focusing on her job and was unable to properly track receivables. Effect: Material misstatement in revenues and receivables that had to be written off due to lack of documentation. Recommendation: We recommend a system of internal controls be developed and put in place to ensure adequate tracking of receivables. Management response: This has been done as of the date of the audit. Former finance manager was replaced and a new accounts receivable tracking system was put into place.