FAC Explorer

Audit 317057

FY End
2023-12-31
Total Expended
$1.58M
Findings
2
Programs
3
Organization: East Denver Colfax Partnership, Inc. Dba the Fax Partnership (CO)
Year: 2023 Accepted: 2024-08-12
Auditor: Watson Coon Ryan LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
480947 2023-001 Significant Deficiency - I
1057389 2023-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
14.218 Community Development Block Grants/entitlement Grants $248,619 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $25,796 Yes 0
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $2,500 - 0

Contacts

Name Title Type
YN2LG7JH74C5 Monica Martinez Auditee
3032844292 Kelly Watson Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures in 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: Y Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of The Fax Partnership under programs of the federal government for the year ending December 31, 2023. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Non-cash Assistance, Federal Insurance, Loans, and Loan Guarantees Accounting Policies: Expenditures in 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: Y Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Fax Partnership did not receive any federal non-cash assistance, insurance, loans, or loan guarantees.

Finding Details

Finding 2023-001
Criteria: The Organization is required to have documented procurement policies and procedures which comply with the compliance requirement: UG §200.318 general procurement standards, UG §200.319 competition, and §200.320 methods of procurement to be followed. Condition: The Organization’s policies and procedures over procurement did not include verifying the vendor was not debarred or suspended. Cause: Lack of a formal policy and procedure over procurement that included verifying the vendor was not debarred or suspended. Effect: Possible payment of federal funds to vendors that did not properly go through the required procurement steps in accordance with Uniform Guidance. Questioned Costs: None. Context: The Organization had one purchase of equipment that fell under the procurement guidelines, while the Organization did have written procurement policies that were applied to the transactions, they did not have a procedure or control to ensure the vendor was not debarred or suspended. The vendor was not debarred or suspended. Recommendation: The Organization should review their procurement policy and procedures to ensure it includes a step to verify the vendor is not suspended or debarred, or require a certification from each vendor that may be subject to the Organization’s procurement policies. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with this finding. The Organization agrees with the recommendations of the auditors. See additional details on management’s views in the Corrective Action Plan.
Finding 2023-001
Criteria: The Organization is required to have documented procurement policies and procedures which comply with the compliance requirement: UG §200.318 general procurement standards, UG §200.319 competition, and §200.320 methods of procurement to be followed. Condition: The Organization’s policies and procedures over procurement did not include verifying the vendor was not debarred or suspended. Cause: Lack of a formal policy and procedure over procurement that included verifying the vendor was not debarred or suspended. Effect: Possible payment of federal funds to vendors that did not properly go through the required procurement steps in accordance with Uniform Guidance. Questioned Costs: None. Context: The Organization had one purchase of equipment that fell under the procurement guidelines, while the Organization did have written procurement policies that were applied to the transactions, they did not have a procedure or control to ensure the vendor was not debarred or suspended. The vendor was not debarred or suspended. Recommendation: The Organization should review their procurement policy and procedures to ensure it includes a step to verify the vendor is not suspended or debarred, or require a certification from each vendor that may be subject to the Organization’s procurement policies. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with this finding. The Organization agrees with the recommendations of the auditors. See additional details on management’s views in the Corrective Action Plan.