FAC Explorer

Audit 319557

FY End
2023-09-30
Total Expended
$908,442
Findings
12
Programs
2
Organization: Rare and Affliliates (VA)
Year: 2023 Accepted: 2024-09-13
Auditor: Rsm US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
496822 2023-002 Significant Deficiency - L
496823 2023-002 Significant Deficiency - L
496824 2023-002 Significant Deficiency - L
496825 2023-002 Significant Deficiency - L
496826 2023-002 Significant Deficiency - L
496827 2023-002 Significant Deficiency - L
1073264 2023-002 Significant Deficiency - L
1073265 2023-002 Significant Deficiency - L
1073266 2023-002 Significant Deficiency - L
1073267 2023-002 Significant Deficiency - L
1073268 2023-002 Significant Deficiency - L
1073269 2023-002 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
98.001 Usaid Foreign Assistance for Programs Overseas $22,618 Yes 1
19.017 Environmental and Scientific Partnerships and Programs $1,513 - 1

Contacts

Name Title Type
KVRTKL4E7SV8 Catherine Stewart Auditee
7035225070 Elisa Savva Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Entity did not utilize the 10% de minimis rate option as it has a negotiate rate that it uses for indirect recovery The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Rare and Affiliates (Rare) under programs of the federal government 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Rare, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Rare.
Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Entity did not utilize the 10% de minimis rate option as it has a negotiate rate that it uses for indirect recovery Expenditures reported on the Schedule are reported on accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate Accounting Policies: Expenditures reported on the Schedule are reported on accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Entity did not utilize the 10% de minimis rate option as it has a negotiate rate that it uses for indirect recovery The indirect rate calculation has been prepared in accordance with accounting principles generally accepted in the United States and the Uniform Guidance. Rare did not elect to use the 10% de minimis cost rate as covered in §200.414 Indirect (F&A) costs.

Finding Details

Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Finding 2023-002: Financial Reporting Significant deficiency Federal Program: All federal awards Criteria: The data collection form is required to be submitted to the Federal Audit Clearinghouse website within nine months after the fiscal year-end. Condition: The data collection form for the year ended September 30, 2023 was not filed within nine months of year-end. Cause: Timing of audit and audit adjustments identified prevented the finalization of the audit within nine months of year-end. Effect: The data collection form was not filed timely. Questioned costs: None noted. Context: Due to the timing of the audit and audit adjustments identified, the data collection form for the year ended June 30, 2022 was not filed within 9 months of year-end as required by Uniform Guidance. Repeat Finding: No Recommendation: The Organization should avoid late submissions whenever possible. Views of responsible officials and planned corrective actions: Management agrees with the finding. See corrective action plan.