FAC Explorer

Audit 311950

FY End
2022-09-30
Total Expended
$5.69M
Findings
4
Programs
2
Organization: Joyce Network, Inc. (IN)
Year: 2022 Accepted: 2023-06-26
Auditor: Pettit & Company LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
409855 2022-001 Significant Deficiency Yes L
409856 2022-001 Significant Deficiency Yes L
986297 2022-001 Significant Deficiency Yes L
986298 2022-001 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
93.575 Child Care and Development Block Grant $458,979 - 0
10.558 Child and Adult Care Food Program $151,556 - 0

Contacts

Name Title Type
DMXNR6C65Z86 Nicole Skaggs Auditee
3173922223 John Pettit Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 BASIS OF PRESENTATION The accompanying Schedule of Federal Awards includes the federal grant activity of Joyce Network, Inc. and is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Section II Financial Statement FindingsFinding 2022-001 and 2021-001Condition: In order to comply with generally accepted accounting principles (GAAP) and Government Auditing Standards certain accounting an administrative responsibilities should be segregated. One person has access to all books and records. Due to the size of the Organization, proper segregation of duties cannot be achieved without the cost exceeding the benefit.Criteria: Generally accepted accounting principles, and Government Auditing Standards require management of Joyce Network, Inc. to establish policies to safeguard assets.Cause: Joyce Network, Inc. lacks the size to adequately segregate duties.Effect: Because of inherent limitations in any internal control system, errors, irregularities or instances of non-compliance may nevertheless occur and not be detected. Also, projection of any evaluation to future periods is subject to risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate.Recommendation: No recommendation. Due to the size of the Organization, proper segregation of duties cannot be achieved without the cost exceeding the benefit.
Finding 2022-001
Section II Financial Statement FindingsFinding 2022-001 and 2021-001Condition: In order to comply with generally accepted accounting principles (GAAP) and Government Auditing Standards certain accounting an administrative responsibilities should be segregated. One person has access to all books and records. Due to the size of the Organization, proper segregation of duties cannot be achieved without the cost exceeding the benefit.Criteria: Generally accepted accounting principles, and Government Auditing Standards require management of Joyce Network, Inc. to establish policies to safeguard assets.Cause: Joyce Network, Inc. lacks the size to adequately segregate duties.Effect: Because of inherent limitations in any internal control system, errors, irregularities or instances of non-compliance may nevertheless occur and not be detected. Also, projection of any evaluation to future periods is subject to risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate.Recommendation: No recommendation. Due to the size of the Organization, proper segregation of duties cannot be achieved without the cost exceeding the benefit.
Finding 2022-001
Section II Financial Statement FindingsFinding 2022-001 and 2021-001Condition: In order to comply with generally accepted accounting principles (GAAP) and Government Auditing Standards certain accounting an administrative responsibilities should be segregated. One person has access to all books and records. Due to the size of the Organization, proper segregation of duties cannot be achieved without the cost exceeding the benefit.Criteria: Generally accepted accounting principles, and Government Auditing Standards require management of Joyce Network, Inc. to establish policies to safeguard assets.Cause: Joyce Network, Inc. lacks the size to adequately segregate duties.Effect: Because of inherent limitations in any internal control system, errors, irregularities or instances of non-compliance may nevertheless occur and not be detected. Also, projection of any evaluation to future periods is subject to risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate.Recommendation: No recommendation. Due to the size of the Organization, proper segregation of duties cannot be achieved without the cost exceeding the benefit.
Finding 2022-001
Section II Financial Statement FindingsFinding 2022-001 and 2021-001Condition: In order to comply with generally accepted accounting principles (GAAP) and Government Auditing Standards certain accounting an administrative responsibilities should be segregated. One person has access to all books and records. Due to the size of the Organization, proper segregation of duties cannot be achieved without the cost exceeding the benefit.Criteria: Generally accepted accounting principles, and Government Auditing Standards require management of Joyce Network, Inc. to establish policies to safeguard assets.Cause: Joyce Network, Inc. lacks the size to adequately segregate duties.Effect: Because of inherent limitations in any internal control system, errors, irregularities or instances of non-compliance may nevertheless occur and not be detected. Also, projection of any evaluation to future periods is subject to risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate.Recommendation: No recommendation. Due to the size of the Organization, proper segregation of duties cannot be achieved without the cost exceeding the benefit.