FAC Explorer

Audit 31216

FY End
2022-12-31
Total Expended
$1.10M
Findings
2
Programs
1
Organization: H-Cap, Inc. (healthcare Career Advancement Program) (NY)
Year: 2022 Accepted: 2023-09-28
Auditor: Watsonrice LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
33789 2022-002 - - C
610231 2022-002 - - C

Programs

ALN Program Spent Major Findings
17.268 H-1b Job Training Grants $1.10M Yes 1

Contacts

Name Title Type
RYM9T12KX4J1 Danielle Copeland Auditee
4435271696 Marc Bernardo Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of H-CAP, Inc.(the Organization) under programs of the federal government for the year ended December 31, 2022. The information in this 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 Schedule presents only a selected portion of the operations of the Organization, it is not intended to 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 auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-002
1.We noted that the $50,000 invoice from HealthPoint was reimbursed twice, first from DOL contract and second from CSG grant. HCAP received cash and recorded revenue twice for the same invoice. 2.Payment for invoices totaling $50,317.42 was reimbursed twice (Equus$40,317.47, UNC $7,000 and Washington University $3,000) 3.No supporting documents were provided for Hamilton-Ryker invoice of $4,000 and Special School District STL invoice totaling $5,677.33.
Finding 2022-002
1.We noted that the $50,000 invoice from HealthPoint was reimbursed twice, first from DOL contract and second from CSG grant. HCAP received cash and recorded revenue twice for the same invoice. 2.Payment for invoices totaling $50,317.42 was reimbursed twice (Equus$40,317.47, UNC $7,000 and Washington University $3,000) 3.No supporting documents were provided for Hamilton-Ryker invoice of $4,000 and Special School District STL invoice totaling $5,677.33.