FAC Explorer

Audit 327173

FY End
2023-12-31
Total Expended
$886,019
Findings
2
Programs
4
Organization: Sierra Institute for Community and Environment (CA)
Year: 2023 Accepted: 2024-11-04
Auditor: Singletonauman PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
504582 2023-002 Significant Deficiency Yes P
1081024 2023-002 Significant Deficiency Yes P

Programs

ALN Program Spent Major Findings
66.818 Brownfields Multipurpose, Assessment, Revolving Loan Fund, and Cleanup Cooperative Agreements $499,733 Yes 1
15.944 Natural Resource Stewardship $176,599 - 0
99.999 Nfwf Green Island Lake $48,010 - 0
15.554 Cooperative Watershed Management $47,599 - 0

Contacts

Name Title Type
MB2BN5NN3JH8 Jonathan Kusel Auditee
5302841022 Clay Singleton Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. These 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 auditee did not use the de minimis cost rate

Finding Details

Finding 2023-002
Similar to many other Nonprofit Organizations, Sierra Institute does not have policies and procedures in place to ensure that complete and accurate financial statements, and footnote disclosures are prepared in accordance with GAAP prior to the annual audit. Management relies upon the auditor to recommend footnote disclosures for the financial statements and to prepare adjusting journal entries to convert the Organization’s cash-basis general ledger to accrual in order to report financial information in accordance with GAAP. Additionally, the current accounting system cannot produce meaningful reports to Management and the Board of Directors. To provide the information needed for grant management, the finance office must produce it from customized spreadsheets, which increases the risk of error.
Finding 2023-002
Similar to many other Nonprofit Organizations, Sierra Institute does not have policies and procedures in place to ensure that complete and accurate financial statements, and footnote disclosures are prepared in accordance with GAAP prior to the annual audit. Management relies upon the auditor to recommend footnote disclosures for the financial statements and to prepare adjusting journal entries to convert the Organization’s cash-basis general ledger to accrual in order to report financial information in accordance with GAAP. Additionally, the current accounting system cannot produce meaningful reports to Management and the Board of Directors. To provide the information needed for grant management, the finance office must produce it from customized spreadsheets, which increases the risk of error.