Audit 315984

FY End

2023-09-30

Total Expended

$957,637

Findings

2

Programs

2

Organization: Tacoma-Pierce County Chamber of Commerce (WA)

Year: 2023 Accepted: 2024-07-25

Auditor: Johnson Stone & Pagano P S

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
479454	2023-001	Significant Deficiency	Yes	I
1055896	2023-001	Significant Deficiency	Yes	I

ALN	Program	Spent	Major	Findings
21.027	Coronavirus State and Local Fiscal Recovery Funds	$786,451	Yes	1
14.228	Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii	$171,186	-	0

Contacts

Name	Title	Type
GCDAWM2K9R94	Andrea Reay	Auditee
2536272175	Craig Catlin	Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 - BASIS OF PRESENTATION Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Tacoma-Pierce County Chamber of Commerce under programs of the federal government for the year ended September 30 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations ("CFR") 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 Tacoma-Pierce County Chamber of Commerce it is not intended to, and does not, present the financial position, statement of activities or cash flows of Tacoma-Pierce County Chamber of Commerce. De Minimis Rate Used: N Rate Explanation: Tacoma-Pierce County Chamber of Commerce has elected to not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Tacoma-Pierce County Chamber of Commerce under programs of the federal government for the year ended September 30 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations ("CFR") 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 Tacoma-Pierce County Chamber of Commerce it is not intended to, and does not, present the financial position, statement of activities or cash flows of Tacoma-Pierce County Chamber of Commerce.

Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Tacoma-Pierce County Chamber of Commerce under programs of the federal government for the year ended September 30 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations ("CFR") 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 Tacoma-Pierce County Chamber of Commerce it is not intended to, and does not, present the financial position, statement of activities or cash flows of Tacoma-Pierce County Chamber of Commerce. De Minimis Rate Used: N Rate Explanation: Tacoma-Pierce County Chamber of Commerce has elected to not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 1) Expenditures reported on the Schedule are reported on the modified cash 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. 2) Tacoma-Pierce County Chamber of Commerce has elected to not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-001

Funding Agency: U.S. Department of the Treasury Federal ALN: 21.027 Criteria Per OMB guidance, non-federal entities are prohibited from contracting with parties that are suspended or debarred, or whose principals are suspended or debarred. Condition The Chamber has a procurement policy in place; however, the Chamber neglected to verify if vendors had been suspended or debarred, in accordance with stated regulations. Context Per our review of vendors over the applicable threshold, there was no documentation of having been reviewed for suspension or debarment. Cause Staff claimed that they had been conducting business transactions with these vendors prior to having a procurement policy in place and did not implement the procurement policy on already developed business relationships. Effect Purchases may have occurred that do not follow the policy, and contracts to vendors that had been suspended or debarred could have been awarded and not detected. Auditor's Recommendations Tacoma-Pierce County Chamber of Commerce should include a provision in all contracts transacted in conjunction with using funds originating from a federal award grant, with respect to suspension and debarment, communicate all requirements for procurement to staff and establish procedures to verify that vendors are not suspended or debarred.

Finding 2023-001

Funding Agency: U.S. Department of the Treasury Federal ALN: 21.027 Criteria Per OMB guidance, non-federal entities are prohibited from contracting with parties that are suspended or debarred, or whose principals are suspended or debarred. Condition The Chamber has a procurement policy in place; however, the Chamber neglected to verify if vendors had been suspended or debarred, in accordance with stated regulations. Context Per our review of vendors over the applicable threshold, there was no documentation of having been reviewed for suspension or debarment. Cause Staff claimed that they had been conducting business transactions with these vendors prior to having a procurement policy in place and did not implement the procurement policy on already developed business relationships. Effect Purchases may have occurred that do not follow the policy, and contracts to vendors that had been suspended or debarred could have been awarded and not detected. Auditor's Recommendations Tacoma-Pierce County Chamber of Commerce should include a provision in all contracts transacted in conjunction with using funds originating from a federal award grant, with respect to suspension and debarment, communicate all requirements for procurement to staff and establish procedures to verify that vendors are not suspended or debarred.