FAC Explorer

Audit 318258

FY End
2022-12-31
Total Expended
$984,825
Findings
2
Programs
1
Organization: Veterans Life Center (NC)
Year: 2022 Accepted: 2024-08-30
Auditor: Sharpe Patel PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
485487 2022-001 Significant Deficiency Yes ABCEFGILMN
1061929 2022-001 Significant Deficiency Yes ABCEFGILMN

Programs

ALN Program Spent Major Findings
93.958 Block Grants for Community Mental Health Services $984,825 Yes 1

Contacts

Name Title Type
RMH3NM1G4UE6 Kristen Hoyle Auditee
9198035516 Jay Sharpe Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: This Schedule is presented on the accrual basis of accounting. Expenditures are recognized following 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 Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal and State awards (SEFSA) includes the federal and State grant activity of Veterans Life Center under the programs of the federal government and the State of North Carolina for the year ended December 31, 2022. The information in this SEFSA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Requirements for Federal Awards and the State Single Audit Implementation Act (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the School, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Organization.

Finding Details

Finding 2022-001
Condition: The Uniform Guidance requires that the audit be submitted to the Federal Audit Clearinghouse by the earlier of thirty days after issuance of the auditor’s reports or nine months after the period’s end date. The Organization failed to submit the audit package by the due date of September 30, 2023 and is therefore not in compliance with this requirement. Criteria: The financial records of the Organization should have been closed and presented to the auditor in sufficient time to allow for the timely completion of the audit process and the resulting report package to be submitted to the proper authorities within the reasonable time period allotted. Effect: Due to the tardiness of the Organization in this regard, it may have jeopardized federal funding opportunities in the future. Recommendation: Management should develop a system that keeps the audit process on track so that future Single Audit packages are submitted on time.
Finding 2022-001
Condition: The Uniform Guidance requires that the audit be submitted to the Federal Audit Clearinghouse by the earlier of thirty days after issuance of the auditor’s reports or nine months after the period’s end date. The Organization failed to submit the audit package by the due date of September 30, 2023 and is therefore not in compliance with this requirement. Criteria: The financial records of the Organization should have been closed and presented to the auditor in sufficient time to allow for the timely completion of the audit process and the resulting report package to be submitted to the proper authorities within the reasonable time period allotted. Effect: Due to the tardiness of the Organization in this regard, it may have jeopardized federal funding opportunities in the future. Recommendation: Management should develop a system that keeps the audit process on track so that future Single Audit packages are submitted on time.