FAC Explorer

Audit 322139

FY End
2023-12-31
Total Expended
$892,831
Findings
2
Programs
3
Organization: Access Tusc (OH)
Year: 2023 Accepted: 2024-09-30
Auditor: Tope Accounting & Business Services LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
499302 2023-001 - - P
1075744 2023-001 - - P

Programs

ALN Program Spent Major Findings
93.495 Community Covid Response Grant $386,024 Yes 0
20.509 Formula Grants for Rural Areas and Tribal Transit Program $372,150 Yes 1
23.002 Appalachian Area Development $134,657 - 0

Contacts

Name Title Type
MZNRK19838C8 Jessica Kinsey Auditee
2438018011 Stephen A Tope Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Accrual Basis following cost principles of Uniform Guidance De Minimis Rate Used: N Rate Explanation: Actual indirect costs were allocated The accompanying schedule of expenditures of federal awards(the Schedule) includes the federal award activity of Access Tusc 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 Access Tusc, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Access Tusc.
Title: Summary of Significant Accounting Policies Accounting Policies: Accrual Basis following cost principles of Uniform Guidance De Minimis Rate Used: N Rate Explanation: Actual indirect costs were allocated 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.
Title: Indirect Cost Rate Accounting Policies: Accrual Basis following cost principles of Uniform Guidance De Minimis Rate Used: N Rate Explanation: Actual indirect costs were allocated Access Tusc has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2023-001
Section 10.1 of Subaward Grant Agreement OH-2023-X01, Required Insurance Coverage, states that a nonprofit organization subrecipient shall maintain a minimum amount of liability insurance of $1,500,000 per occurrence and in the aggregate throughout the project life. During audit testing, I reviewed the Organization's liability insurance policy for coverage limits and noted that the Organization's coverage amount was $1,000,000 per occurrence and in the aggregate which is below the required minimum. The Organization should review insurance policies and increase coverage levels to meet the minimum amounts required by the grant agreement.
Finding 2023-001
Section 10.1 of Subaward Grant Agreement OH-2023-X01, Required Insurance Coverage, states that a nonprofit organization subrecipient shall maintain a minimum amount of liability insurance of $1,500,000 per occurrence and in the aggregate throughout the project life. During audit testing, I reviewed the Organization's liability insurance policy for coverage limits and noted that the Organization's coverage amount was $1,000,000 per occurrence and in the aggregate which is below the required minimum. The Organization should review insurance policies and increase coverage levels to meet the minimum amounts required by the grant agreement.