FAC Explorer

Audit 30709

FY End
2022-06-30
Total Expended
$1.05M
Findings
2
Programs
1
Organization: North Fourth Art Center (NM)
Year: 2022 Accepted: 2023-03-15
Auditor: Carr Riggs & Ingram LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
36809 2022-001 Significant Deficiency - ABH
613251 2022-001 Significant Deficiency - ABH

Programs

ALN Program Spent Major Findings
59.075 Covid-19: Shuttered Venue Operators Grant Program $1.05M Yes 1

Contacts

Name Title Type
H8R1N6B8G7D8 Monica Mitchell Auditee
5053452872 Gwen Mansfield-Vogt Auditor
No contacts on file

Notes to SEFA

Title: Note 3: Loans Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of North Fourth Art Center (the Organization) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization did not expend federal awards related to loans or loan guarantees during the year.
Title: Note 4: Federally Funded Insurance Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of North Fourth Art Center (the Organization) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization has no federally funded insurance.
Title: Note 5: Noncash Assistance Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of North Fourth Art Center (the Organization) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization did not expend any non-cash assistance.

Finding Details

Finding 2022-001
Federal Program Information: Funding Agency: U. S. Small Business Administration Title: Shuttered Venue Operators Grant CFDA Number: 59.075 Federal Award Identification number SBAHQ21SV008985 Pass Through Entity: N/A Award Year: 2022 Condition: The timesheets for the Executive Director or Associate Director were not approved by the Board President for pay periods ending April 7, 2022 through present. Criteria: CFR 200.303 requires a non-Federal entity to Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. These internal controls should be in compliance with guidance in ``Standards for Internal Control in the Federal Government?? issued by the Comptroller General of the United States and the ``Internal Control Integrated Framework??, issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Questioned costs: None Effect: Payroll may be charged to the grant in error without supervisory review of timesheets. Cause: The Organization is not implementing appropriate policies and procedures to establish and maintain effective internal controls under the grant to insure compliance. Auditor's Recommendation: The auditor recommends that the Organization re-evaluate their policies and procedures to ensure that internal controls are designed and implemented to ensure compliance with grant requirements. View of Responsible Officials: The Organization concurs with all of CRI?s findings and recommendations for improvement. The Organization will work to strengthen its processes as noted in the corrective action plan
Finding 2022-001
Federal Program Information: Funding Agency: U. S. Small Business Administration Title: Shuttered Venue Operators Grant CFDA Number: 59.075 Federal Award Identification number SBAHQ21SV008985 Pass Through Entity: N/A Award Year: 2022 Condition: The timesheets for the Executive Director or Associate Director were not approved by the Board President for pay periods ending April 7, 2022 through present. Criteria: CFR 200.303 requires a non-Federal entity to Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. These internal controls should be in compliance with guidance in ``Standards for Internal Control in the Federal Government?? issued by the Comptroller General of the United States and the ``Internal Control Integrated Framework??, issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Questioned costs: None Effect: Payroll may be charged to the grant in error without supervisory review of timesheets. Cause: The Organization is not implementing appropriate policies and procedures to establish and maintain effective internal controls under the grant to insure compliance. Auditor's Recommendation: The auditor recommends that the Organization re-evaluate their policies and procedures to ensure that internal controls are designed and implemented to ensure compliance with grant requirements. View of Responsible Officials: The Organization concurs with all of CRI?s findings and recommendations for improvement. The Organization will work to strengthen its processes as noted in the corrective action plan