FAC Explorer

Audit 317636

FY End
2023-12-31
Total Expended
$1.98M
Findings
2
Programs
4
Organization: Northwest Side Community Development Corporation and Subsidiary (WI)
Year: 2023 Accepted: 2024-08-21
Auditor: Wipfli LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
484742 2023-001 Significant Deficiency - L
1061184 2023-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $1.04M Yes 1
21.020 Community Development Financial Institutions Program $694,472 - 0
93.570 Community Services Block Grant_discretionary Awards $233,732 - 0
45.024 Promotion of the Arts_grants to Organizations and Individuals $17,112 - 0

Contacts

Name Title Type
VGULLNVEME65 John Lauber Auditee
4144448200 Craig Hirt Auditor
No contacts on file

Notes to SEFA

Title: Basis of Accounting Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Northwest Side Community Development Corporation (the "Organization") under programs of the federal government for the year ended December 31, 2023. The information in this schedule is presented in accordance with 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”). 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. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. 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. Pass-through entity identifying numbers are presented where available.

Finding Details

Finding 2023-001
Finding 2023-001 Repeat Finding: No Program Name: Community Development Financial Institutions Grants Federal Agency: U.S. Department of the Treasury Questioned Costs: N/A Type of finding: Significant deficiency in internal controls Compliance Requirement: Reporting Condition: Northwest Side Community Development Corporation did not accurately report certain information on its Transaction Level Report (TLR) for the year ended December 31, 2022 and Uses of Award reports for the year ended December 31, 2023. Criteria: Northwest Side Community Development Corporation is required to file are required to file various reports as part of the grant requirements. Cause: Certain information was not properly gathered and reported on the the TLR and Uses of Awards reports. Effect: The reports needed to be amended in order to properly report certain items on the TLR and Uses of Awards reports. Recommendation: We recommend that precedures are put in place so information reported on the various reports is reviewed and support is retained prior to submission of the reports. View of Responsible Officials: Management has committed to a corrective action plan to ensure information reported is accurate.
Finding 2023-001
Finding 2023-001 Repeat Finding: No Program Name: Community Development Financial Institutions Grants Federal Agency: U.S. Department of the Treasury Questioned Costs: N/A Type of finding: Significant deficiency in internal controls Compliance Requirement: Reporting Condition: Northwest Side Community Development Corporation did not accurately report certain information on its Transaction Level Report (TLR) for the year ended December 31, 2022 and Uses of Award reports for the year ended December 31, 2023. Criteria: Northwest Side Community Development Corporation is required to file are required to file various reports as part of the grant requirements. Cause: Certain information was not properly gathered and reported on the the TLR and Uses of Awards reports. Effect: The reports needed to be amended in order to properly report certain items on the TLR and Uses of Awards reports. Recommendation: We recommend that precedures are put in place so information reported on the various reports is reviewed and support is retained prior to submission of the reports. View of Responsible Officials: Management has committed to a corrective action plan to ensure information reported is accurate.