FAC Explorer

Audit 308626

FY End
2023-12-31
Total Expended
$2.13M
Findings
4
Programs
2
Organization: 6 Stones Mission Network (TX)
Year: 2023 Accepted: 2024-06-12
Auditor: Sutton Frost Cary LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
400567 2023-001 Significant Deficiency - I
400568 2023-002 Significant Deficiency - L
977009 2023-001 Significant Deficiency - I
977010 2023-002 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.95M Yes 2
97.024 Emergency Food and Shelter National Board Program $137,199 - 0

Contacts

Name Title Type
R24MZQL2U4E9 Bobby Olsen Auditee
8172830742 Drew Madsen Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of 6 Stones Mission Network (Organization) and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the audit 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 Schedule only presents a selected portion of the operations of the Organization, it is not intended and does not present the financial position, changes in net assets, or cash flows of the Organization. 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 Organization has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-001
Finding 2023-001: Procurement – significant deficiency in internal controls over compliance and compliance finding. Criteria: The Organization is required to comply with procurement principles as detailed in Section 200.320 of the Code of Federal Regulations. Condition: During procurement testing, it was noted that the Organization did not issue a formal request for proposal or obtain sealed bids for a contract in excess of the $250,000 formal procurement requirement threshold. Cause: The proposals and bids obtained did not follow the formal procurement process. Effect: The Organization was not in compliance with federal procurement principles. Recommendation: The Organization should implement controls to ensure compliance with federal procurement policies including a checklist for large purchases that mirrors federal procurement requirements. Management’s Response: See corrective action plan
Finding 2023-002
Finding 2023-002: Reporting – significant deficiency in internal controls over compliance and compliance finding. Criteria: The Organization is required to report quarterly and annually on a timely basis as detailed by Tarrant County in the grant agreement. Condition: During reporting testing, it was noted that the Organization did not submit the required annual report on a timely basis. Cause: The untimely annual reporting was an oversight. Effect: The Organization was not in compliance with the reporting requirements stated in the grant agreement. Recommendation: The Organization should implement controls to ensure compliance with reporting requirements including a checklist for required grant reporting submissions by type and due date. Management’s Response: See corrective action plan
Finding 2023-001
Finding 2023-001: Procurement – significant deficiency in internal controls over compliance and compliance finding. Criteria: The Organization is required to comply with procurement principles as detailed in Section 200.320 of the Code of Federal Regulations. Condition: During procurement testing, it was noted that the Organization did not issue a formal request for proposal or obtain sealed bids for a contract in excess of the $250,000 formal procurement requirement threshold. Cause: The proposals and bids obtained did not follow the formal procurement process. Effect: The Organization was not in compliance with federal procurement principles. Recommendation: The Organization should implement controls to ensure compliance with federal procurement policies including a checklist for large purchases that mirrors federal procurement requirements. Management’s Response: See corrective action plan
Finding 2023-002
Finding 2023-002: Reporting – significant deficiency in internal controls over compliance and compliance finding. Criteria: The Organization is required to report quarterly and annually on a timely basis as detailed by Tarrant County in the grant agreement. Condition: During reporting testing, it was noted that the Organization did not submit the required annual report on a timely basis. Cause: The untimely annual reporting was an oversight. Effect: The Organization was not in compliance with the reporting requirements stated in the grant agreement. Recommendation: The Organization should implement controls to ensure compliance with reporting requirements including a checklist for required grant reporting submissions by type and due date. Management’s Response: See corrective action plan