FAC Explorer

Audit 317500

FY End
2023-12-31
Total Expended
$1.16M
Findings
4
Programs
3
Organization: Lmc Children Services (NC)
Year: 2023 Accepted: 2024-08-20
Auditor: Clarence G Grier CPA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
484609 2023-001 - - L
484610 2023-001 - - L
1061051 2023-001 - - L
1061052 2023-001 - - L

Programs

ALN Program Spent Major Findings
10.558 Child and Adult Care Food Program $905,798 Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $188,904 - 0
10.559 Summer Food Service Program for Children $63,788 - 1

Contacts

Name Title Type
FNJ6K4R5JK63 Crystal McNair Auditee
9804227932 Clarence Gilbert Grier Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation 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. Passthrough entity identifying numbers are presented where applicable. The organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: LMC Children Services uses an indirect cost rate of 5% The accompanying schedule of expenditures of federal awards (the' Schedule ') includes the federal grant activity of the organization under programs of the federal government as of and for the year ended December 31, 2023. 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.

Finding Details

Finding 2023-001
AuditFinding 2023-001: Timeliness of Audited Financial Statements SubmissionCriteria: The Federal Clearinghouse requires the audit and reporting packet be submitted within nine months after the end of the reporting period.Condition and context: The December 31, 2022 financial statements were not submitted to the Federal Clearinghouse by the nine-month due date.Effect: No effect other than filing the audit report packet late. LMC Children Services has always filed the financial statements, tax return (payroll and 990) by the due. This was just an oversight for the calendar year ended December 31, 2022.Cause: Just an oversight by LMC Children Services of the due date.Recommendation: I am recommending that LMC Children Services file the reporting package to the Federal Clearinghouse at the same time as the 990 Federal Tax Return which is a week after receipt of the audit report.
Finding 2023-001
AuditFinding 2023-001: Timeliness of Audited Financial Statements SubmissionCriteria: The Federal Clearinghouse requires the audit and reporting packet be submitted within nine months after the end of the reporting period.Condition and context: The December 31, 2022 financial statements were not submitted to the Federal Clearinghouse by the nine-month due date.Effect: No effect other than filing the audit report packet late. LMC Children Services has always filed the financial statements, tax return (payroll and 990) by the due. This was just an oversight for the calendar year ended December 31, 2022.Cause: Just an oversight by LMC Children Services of the due date.Recommendation: I am recommending that LMC Children Services file the reporting package to the Federal Clearinghouse at the same time as the 990 Federal Tax Return which is a week after receipt of the audit report.
Finding 2023-001
AuditFinding 2023-001: Timeliness of Audited Financial Statements SubmissionCriteria: The Federal Clearinghouse requires the audit and reporting packet be submitted within nine months after the end of the reporting period.Condition and context: The December 31, 2022 financial statements were not submitted to the Federal Clearinghouse by the nine-month due date.Effect: No effect other than filing the audit report packet late. LMC Children Services has always filed the financial statements, tax return (payroll and 990) by the due. This was just an oversight for the calendar year ended December 31, 2022.Cause: Just an oversight by LMC Children Services of the due date.Recommendation: I am recommending that LMC Children Services file the reporting package to the Federal Clearinghouse at the same time as the 990 Federal Tax Return which is a week after receipt of the audit report.
Finding 2023-001
AuditFinding 2023-001: Timeliness of Audited Financial Statements SubmissionCriteria: The Federal Clearinghouse requires the audit and reporting packet be submitted within nine months after the end of the reporting period.Condition and context: The December 31, 2022 financial statements were not submitted to the Federal Clearinghouse by the nine-month due date.Effect: No effect other than filing the audit report packet late. LMC Children Services has always filed the financial statements, tax return (payroll and 990) by the due. This was just an oversight for the calendar year ended December 31, 2022.Cause: Just an oversight by LMC Children Services of the due date.Recommendation: I am recommending that LMC Children Services file the reporting package to the Federal Clearinghouse at the same time as the 990 Federal Tax Return which is a week after receipt of the audit report.