FAC Explorer

Audit 310480

FY End
2023-06-30
Total Expended
$2.72M
Findings
2
Programs
5
Organization: Aids Resource Foundation for Children, Inc. and Affiliate (NJ)
Year: 2023 Accepted: 2024-06-27
Auditor: Withumsmith+brown PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
403359 2023-001 Significant Deficiency Yes L
979801 2023-001 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
93.917 Hiv Care Formula Grants $1.09M Yes 1
14.195 Section 8 Housing Assistance Payments Program $1.07M - 0
93.940 Hiv Prevention Activities_health Department Based $211,299 - 0
93.153 Coordinated Services and Access to Research for Women, Infants, Children, and Youth $129,822 - 0
97.024 Emergency Food and Shelter National Board Program $105,992 - 0

Contacts

Name Title Type
KNEPG1AQ5KV3 Annie Chen Auditee
9736430400 James Mulroy Auditor
No contacts on file

Notes to SEFA

Title: General Information Accounting Policies: The accompanying consolidated schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accountig. The amounts reported in these consolidated schedules as expenditures may differ from certain financial reports submitted to Federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting. De Minimis Rate Used: Y Rate Explanation: AIDS Resource Foundation for Children, Inc. and Affiliate has not previously received a negotiated cost rate but has elected to use the 10% de minimis indirect cost rate allowed under the Uniform guidance. The accompanying consolidate schedules of expenditures of Federal Awards and state financial assistance present the activities in all the Federal and state financial assistance programs of AIDS Resource Foundation for Children, Inc. and Affiliate. All financial assistance received directly from Federal and state agencies as as financial assistance passed through other governamnet agencies or no-profit organizations is included on the schedules.
Title: Relationship to Basic Financial Statements Accounting Policies: The accompanying consolidated schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accountig. The amounts reported in these consolidated schedules as expenditures may differ from certain financial reports submitted to Federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting. De Minimis Rate Used: Y Rate Explanation: AIDS Resource Foundation for Children, Inc. and Affiliate has not previously received a negotiated cost rate but has elected to use the 10% de minimis indirect cost rate allowed under the Uniform guidance. Federal and state awards expenditures are reported on the consolidated statement of functional expenses as program services. In certain programs, the expenditures reported in the basic consolidated financial statements may differ from the expenditures reported in the consolidated schedule of expenditures of Federal awards and state financial assistance due to rpogram expenditures exceeding grant or contract budget limitations. Agency matching, or capitalization policies required under accounting principles accepted in the Unites States of America.
Title: Sunrecipients Accounting Policies: The accompanying consolidated schedules of expenditures of Federal awards and state financial assistance are presented using the accrual basis of accountig. The amounts reported in these consolidated schedules as expenditures may differ from certain financial reports submitted to Federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting. De Minimis Rate Used: Y Rate Explanation: AIDS Resource Foundation for Children, Inc. and Affiliate has not previously received a negotiated cost rate but has elected to use the 10% de minimis indirect cost rate allowed under the Uniform guidance. The Agency has provided no federal awrds to subrecipiects for the year ended June 20, 2023

Finding Details

Finding 2023-001
Condition - AIDs Resource Foundation for Children, Inc. failed ot file its single audit report with the federal clearing by the required due date-the earlier of 30 calendar daus after the reciept of the auditor's report, or nine months after the end of the period under audit. The single audit report for the year ended June 30,, 2023, was required to b e completed and filed by March 31, 2024l however, the audit was not completed. Citeria - Per 2 CFR 910.512 (a)(1), the the audit must be completed, and the reporting package must be submitted within the earlier of 30 calendar days after the reciept od the auditor;s report, or nine months after the end of the audit period.; Cause; Teh Agency did not timely close out its books and records and administer the audit in a timely manner to permit timely finling.; Effect or Potential effect; Lateness in reporting could result oin current information not being provided to federl agencies timely and potential impacts on grant funding. ; Recommendation - We recommend that AIDS Resource Foundation for Children, Inc. , establish procedures and controls to ensure the accounting records are closed out timely and ensure required audits are scheduled and performed timely. Management response- We plan on staring the June 2024 audit by December 1, 2024, which should give us enough time to complete the Uniform Guidance audit by MArch 31, 2025. Planned Implentation Date of Corrective Action; Octover 2024
Finding 2023-001
Condition - AIDs Resource Foundation for Children, Inc. failed ot file its single audit report with the federal clearing by the required due date-the earlier of 30 calendar daus after the reciept of the auditor's report, or nine months after the end of the period under audit. The single audit report for the year ended June 30,, 2023, was required to b e completed and filed by March 31, 2024l however, the audit was not completed. Citeria - Per 2 CFR 910.512 (a)(1), the the audit must be completed, and the reporting package must be submitted within the earlier of 30 calendar days after the reciept od the auditor;s report, or nine months after the end of the audit period.; Cause; Teh Agency did not timely close out its books and records and administer the audit in a timely manner to permit timely finling.; Effect or Potential effect; Lateness in reporting could result oin current information not being provided to federl agencies timely and potential impacts on grant funding. ; Recommendation - We recommend that AIDS Resource Foundation for Children, Inc. , establish procedures and controls to ensure the accounting records are closed out timely and ensure required audits are scheduled and performed timely. Management response- We plan on staring the June 2024 audit by December 1, 2024, which should give us enough time to complete the Uniform Guidance audit by MArch 31, 2025. Planned Implentation Date of Corrective Action; Octover 2024