FAC Explorer

Audit 323765

FY End
2023-12-31
Total Expended
$1.93M
Findings
8
Programs
2
Organization: Connecticut Zoological Society, Inc. (CT)
Year: 2023 Accepted: 2024-10-03
Auditor: Pkf O'Connor Davies LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
501694 2023-002 Significant Deficiency Yes I
501695 2023-002 Significant Deficiency Yes I
501696 2023-003 Significant Deficiency Yes L
501697 2023-003 Significant Deficiency Yes L
1078136 2023-002 Significant Deficiency Yes I
1078137 2023-002 Significant Deficiency Yes I
1078138 2023-003 Significant Deficiency Yes L
1078139 2023-003 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.50M Yes 2
84.425 Education Stabilization Fund $38,109 - 0

Contacts

Name Title Type
QKC8GNPJVJH6 Dr. Jim Wharton Auditee
2033326565 Heather Smith-Jaser Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The Society has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Connecticut Zoological Society, Inc. (the “Society”) 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 the Society, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Society.

Finding Details

Finding 2023-002
Criteria - The Society is responsible to have documented procurement procedures and policies that complies with federal procurement standards. Condition - We noted the Society does not have a formal documented procurement policy. Cause - Management received a large amount of federal funding during because of the COVID-19 pandemic. While Management verbally requests two or more quotes, there was no formal documented policy to ensure the procurement method used was appropriate. Effect - If the Society does not maintain documented procurement procedures as required, it may result in the Society charging unallowable expenditures to the program or having expenditures being disallowed, both of which will create a liability to the granting agencies. Questioned Costs - No costs were questioned. Context - This finding was systematic amongst the major program audited. Recommendations - We recommend that management develop and document a procurement policy that complies with federal procurement standards. Repeat Finding - This is a repeat finding from prior year’s audit. Finding No. 2022-002
Finding 2023-002
Criteria - The Society is responsible to have documented procurement procedures and policies that complies with federal procurement standards. Condition - We noted the Society does not have a formal documented procurement policy. Cause - Management received a large amount of federal funding during because of the COVID-19 pandemic. While Management verbally requests two or more quotes, there was no formal documented policy to ensure the procurement method used was appropriate. Effect - If the Society does not maintain documented procurement procedures as required, it may result in the Society charging unallowable expenditures to the program or having expenditures being disallowed, both of which will create a liability to the granting agencies. Questioned Costs - No costs were questioned. Context - This finding was systematic amongst the major program audited. Recommendations - We recommend that management develop and document a procurement policy that complies with federal procurement standards. Repeat Finding - This is a repeat finding from prior year’s audit. Finding No. 2022-002
Finding 2023-003
Criteria - The Society’s Uniform Guidance submission to the Federal Audit Clearinghouse (“FAC”) was due within nine months of its year end. Condition - The Society’s Uniform Guidance submission to the FAC was not filed on time within nine months of the end of its fiscal year. Cause - This was management's initial year filing a federal single audit report and therefore information necessary to file timely was not readily available resulting in a delay in concluding the audit on a timely basis. Context - When performing the 2023 audit we noted that the 2022 Uniform Guidance submission to the FAC was not filed on a timely basis. Questioned Costs - No costs were questioned. Effect - The Society was not in compliance with the requirement to complete the filling required by the Uniform Guidance within nine months of its year end, and therefore, the Society cannot be considered a low risk auditee. Recommendations - We recommend the Society’s Uniform Guidance submission to the FAC be filed within nine months of its year end as required.
Finding 2023-003
Criteria - The Society’s Uniform Guidance submission to the Federal Audit Clearinghouse (“FAC”) was due within nine months of its year end. Condition - The Society’s Uniform Guidance submission to the FAC was not filed on time within nine months of the end of its fiscal year. Cause - This was management's initial year filing a federal single audit report and therefore information necessary to file timely was not readily available resulting in a delay in concluding the audit on a timely basis. Context - When performing the 2023 audit we noted that the 2022 Uniform Guidance submission to the FAC was not filed on a timely basis. Questioned Costs - No costs were questioned. Effect - The Society was not in compliance with the requirement to complete the filling required by the Uniform Guidance within nine months of its year end, and therefore, the Society cannot be considered a low risk auditee. Recommendations - We recommend the Society’s Uniform Guidance submission to the FAC be filed within nine months of its year end as required.
Finding 2023-002
Criteria - The Society is responsible to have documented procurement procedures and policies that complies with federal procurement standards. Condition - We noted the Society does not have a formal documented procurement policy. Cause - Management received a large amount of federal funding during because of the COVID-19 pandemic. While Management verbally requests two or more quotes, there was no formal documented policy to ensure the procurement method used was appropriate. Effect - If the Society does not maintain documented procurement procedures as required, it may result in the Society charging unallowable expenditures to the program or having expenditures being disallowed, both of which will create a liability to the granting agencies. Questioned Costs - No costs were questioned. Context - This finding was systematic amongst the major program audited. Recommendations - We recommend that management develop and document a procurement policy that complies with federal procurement standards. Repeat Finding - This is a repeat finding from prior year’s audit. Finding No. 2022-002
Finding 2023-002
Criteria - The Society is responsible to have documented procurement procedures and policies that complies with federal procurement standards. Condition - We noted the Society does not have a formal documented procurement policy. Cause - Management received a large amount of federal funding during because of the COVID-19 pandemic. While Management verbally requests two or more quotes, there was no formal documented policy to ensure the procurement method used was appropriate. Effect - If the Society does not maintain documented procurement procedures as required, it may result in the Society charging unallowable expenditures to the program or having expenditures being disallowed, both of which will create a liability to the granting agencies. Questioned Costs - No costs were questioned. Context - This finding was systematic amongst the major program audited. Recommendations - We recommend that management develop and document a procurement policy that complies with federal procurement standards. Repeat Finding - This is a repeat finding from prior year’s audit. Finding No. 2022-002
Finding 2023-003
Criteria - The Society’s Uniform Guidance submission to the Federal Audit Clearinghouse (“FAC”) was due within nine months of its year end. Condition - The Society’s Uniform Guidance submission to the FAC was not filed on time within nine months of the end of its fiscal year. Cause - This was management's initial year filing a federal single audit report and therefore information necessary to file timely was not readily available resulting in a delay in concluding the audit on a timely basis. Context - When performing the 2023 audit we noted that the 2022 Uniform Guidance submission to the FAC was not filed on a timely basis. Questioned Costs - No costs were questioned. Effect - The Society was not in compliance with the requirement to complete the filling required by the Uniform Guidance within nine months of its year end, and therefore, the Society cannot be considered a low risk auditee. Recommendations - We recommend the Society’s Uniform Guidance submission to the FAC be filed within nine months of its year end as required.
Finding 2023-003
Criteria - The Society’s Uniform Guidance submission to the Federal Audit Clearinghouse (“FAC”) was due within nine months of its year end. Condition - The Society’s Uniform Guidance submission to the FAC was not filed on time within nine months of the end of its fiscal year. Cause - This was management's initial year filing a federal single audit report and therefore information necessary to file timely was not readily available resulting in a delay in concluding the audit on a timely basis. Context - When performing the 2023 audit we noted that the 2022 Uniform Guidance submission to the FAC was not filed on a timely basis. Questioned Costs - No costs were questioned. Effect - The Society was not in compliance with the requirement to complete the filling required by the Uniform Guidance within nine months of its year end, and therefore, the Society cannot be considered a low risk auditee. Recommendations - We recommend the Society’s Uniform Guidance submission to the FAC be filed within nine months of its year end as required.