FAC Explorer

Audit 318711

FY End
2023-06-30
Total Expended
$7.41M
Findings
2
Programs
1
Organization: Progressive Rehab of PA INC (PA)
Year: 2023 Accepted: 2024-09-06
Auditor: Cbiz CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
486021 2023-002 - - L
1062463 2023-002 - - L

Programs

ALN Program Spent Major Findings
10.766 Community Facilities Loans and Grants $7.41M Yes 1

Contacts

Name Title Type
SJ5RVB7KRWT7 Phil Davis Auditee
4042336500 Don Faul Auditor
No contacts on file

Notes to SEFA

Title: Basis of presentation Accounting Policies: The expenditure reported on the accompanying Schedule is presented using the accrual basis of accounting. Such expenditure is recognized following the cost principles contained in the Uniform Grant Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. The amount presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The Corporation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying Schedule of Expenditure of Federal Award (the “Schedule”) includes the federal award activity of Progressive Rehab of PA, Inc. under a program of the Federal Government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with requirements of 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 Corporation, it is not intended to, and does not, represent the statements of financial position, operations, changes in net assets, or cash flows of the Corporation. All financial awards received directly from financial agencies as well as federal financial awards passed through other governmental agencies are included on the Schedule.
Title: Federal Loan Guarantee Program Accounting Policies: The expenditure reported on the accompanying Schedule is presented using the accrual basis of accounting. Such expenditure is recognized following the cost principles contained in the Uniform Grant Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. The amount presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The Corporation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The federal loan guarantee program listed subsequently is administered directly by the Corporation and balances and transactions relating to this program are included in the basic financial statements of the Corporation. The balance of the loan outstanding as of June 30, 2023, consists of:

Finding Details

Finding 2023-002
Federal Agency: U.S. Department of Agriculture Federal Program: 10.766, Rural Development, Community Facilities Direct Loan Criteria or Specific Requirement - 45 CFR § 75.512, Report Submission, requires completion of an audit and submission of the data collection form and reporting package within the earlier of thirty calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. Condition - The audit and data collection form are being submitted after the required due date. Cause - The Corporation did not maintain appropriate levels of staff to ensure compliance with regulatory filing requirements. Effect - Noncompliance with the requirements of 45 CFR § 75.512. There is a potential for suspension or cessation of federal funding under the federal award. Questioned Cost - To be determined by the grantor. Context - We reviewed the audit submission date in comparison to the required due date. Repeat Finding - No Recommendation - The Corporation should take steps to ensure that its financial records are maintained on a current basis, reconciled timely, and audited within nine months after year-end. View of Responsible Officials and Planned Corrective Actions - The organization will ensure that financial records are maintained on a current basis, reconciled timely and audited within nine months after year end. Additional support has been put in place within the accounting department to records are current, reconciled timely and audit is completed within nine months after year end.
Finding 2023-002
Federal Agency: U.S. Department of Agriculture Federal Program: 10.766, Rural Development, Community Facilities Direct Loan Criteria or Specific Requirement - 45 CFR § 75.512, Report Submission, requires completion of an audit and submission of the data collection form and reporting package within the earlier of thirty calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. Condition - The audit and data collection form are being submitted after the required due date. Cause - The Corporation did not maintain appropriate levels of staff to ensure compliance with regulatory filing requirements. Effect - Noncompliance with the requirements of 45 CFR § 75.512. There is a potential for suspension or cessation of federal funding under the federal award. Questioned Cost - To be determined by the grantor. Context - We reviewed the audit submission date in comparison to the required due date. Repeat Finding - No Recommendation - The Corporation should take steps to ensure that its financial records are maintained on a current basis, reconciled timely, and audited within nine months after year-end. View of Responsible Officials and Planned Corrective Actions - The organization will ensure that financial records are maintained on a current basis, reconciled timely and audited within nine months after year end. Additional support has been put in place within the accounting department to records are current, reconciled timely and audit is completed within nine months after year end.