FAC Explorer

Audit 327429

FY End
2023-12-31
Total Expended
$2.19M
Findings
2
Programs
3
Organization: Altamont Program, Inc. and Affilate (NY)
Year: 2023 Accepted: 2024-11-06
Auditor: Bonadio & CO LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
504789 2023-002 - - ABL
1081231 2023-002 - - ABL

Programs

ALN Program Spent Major Findings
64.024 Va Homeless Providers Grant and Per Diem Program $1.75M Yes 1
93.558 Temporary Assistance for Needy Families $409,312 - 0
14.231 Emergency Solutions Grant Program $26,874 - 0

Contacts

Name Title Type
C8JBBZBJK2H4 Jennifer Neifeld Auditee
5183772448 Kenneth McGivney Auditor
No contacts on file

Notes to SEFA

Title: 1. SUMMARY OF ACCOUNTING POLICIES Accounting Policies: The accompanying schedule is prepared in accordance with generally accepted accounting principles. De Minimis Rate Used: N Rate Explanation: Administrative overhead costs charged to contracts vary by funding source as agreed to within the contract, and therefore, the Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. General The accompanying schedule of expenditures of federal awards (the schedule) presents the activity of all federal awards programs of Altamont Program, Inc. and Peter Young Shelter Services, Inc. (the Organization) for the year ended December 31, 2023. Federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included in the schedule. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. Basis of Accounting The accompanying schedule is prepared in accordance with generally accepted accounting principles.
Title: 2. INDIRECT COST RATE Accounting Policies: The accompanying schedule is prepared in accordance with generally accepted accounting principles. De Minimis Rate Used: N Rate Explanation: Administrative overhead costs charged to contracts vary by funding source as agreed to within the contract, and therefore, the Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Administrative overhead costs charged to contracts vary by funding source as agreed to within the contract, and therefore, the Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-002
U.S. Department of Veterans Affairs Section 3 – Federal Award Findings and Questioned Costs Finding Number 2023-002 (Material Weakness)-Audit Period: January 1, 2023 through December 31, 2023 Condition: The Organization recorded several transactions through journal entries to federal programs without a documented review and approval. The questioned costs related to this issue total approximately $52,000. Criteria: Journal entries to federal awards should be reviewed and approved by the appropriate level of management. Cause: Journal entries are not documented as reviewed and approved routinely. Effect: Questioned costs attributed to the federal program. Recommendation: Postings to federal programs should be reviewed and approved by the appropriate level of management. Management’s Response: The Organization has incurred turnover in finance in recent years and a new team will be in place for the 2024 audit. The Organization will review postings to federal programs as part of its year end closing process.
Finding 2023-002
U.S. Department of Veterans Affairs Section 3 – Federal Award Findings and Questioned Costs Finding Number 2023-002 (Material Weakness)-Audit Period: January 1, 2023 through December 31, 2023 Condition: The Organization recorded several transactions through journal entries to federal programs without a documented review and approval. The questioned costs related to this issue total approximately $52,000. Criteria: Journal entries to federal awards should be reviewed and approved by the appropriate level of management. Cause: Journal entries are not documented as reviewed and approved routinely. Effect: Questioned costs attributed to the federal program. Recommendation: Postings to federal programs should be reviewed and approved by the appropriate level of management. Management’s Response: The Organization has incurred turnover in finance in recent years and a new team will be in place for the 2024 audit. The Organization will review postings to federal programs as part of its year end closing process.