FAC Explorer

Audit 327627

FY End
2023-09-30
Total Expended
$1.46M
Findings
8
Programs
4
Organization: Meridian Institute (CO)
Year: 2023 Accepted: 2024-11-07
Auditor: Rsm US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
504871 2023-001 - - P
504872 2023-001 - - P
504873 2023-001 - - P
504874 2023-001 - - P
1081313 2023-001 - - P
1081314 2023-001 - - P
1081315 2023-001 - - P
1081316 2023-001 - - P

Programs

ALN Program Spent Major Findings
10.937 Partnerships for Climate-Smart Commodities $886,735 Yes 1
10.912 Environmental Quality Incentives Program $418,950 - 1
10.310 Agriculture and Food Research Initiative (afri) $126,698 - 1
10.902 Soil and Water Conservation $32,033 - 1

Contacts

Name Title Type
GCDUJ7YHDK58 Kauthar Rahman Auditee
2029516535 Leslie Sims Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures of federal awards are recognized in the accounting period when the liability is incurred and approved for reimbursement, under 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 allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: Y Rate Explanation: Meridian Institute elected to use the de minimus cost rate. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Meridian Institute (the Agency) under programs of the federal government for the year ended September 30, 2023. All federal awards received directly from federal agencies, as well as those awards that are 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 consolidated financial statements. Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net position or cash flows of the Agency.

Finding Details

Finding 2023-001
All Assistance Listing numbers and Federal Agencies (and pass-through entities) included on the accompanying schedule of expenditures of federal awards for the year ended September 30, 2023. Finding: The Single Audit package was not submitted to the Federal Clearinghouse within the required time period. Criteria: Uniform Guidance 2 CFR 200.512(a) requires that organization’s audit must be completed and data collection form and reporting package should be submitted within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Cause: The Agency does not consistently require a single audit each year. The Agency identified it had exceeded the threshold of federal grant expenditures and therefore required a single audit in February 2024. The single audit was not completed by the June 30, 2024 deadline. Effect or potential effect: Potential suspension of funding provided by federal agencies. Questioned costs: None. Context: The September 30, 2023 Single Audit Package. Identification as a repeat finding, if applicable: Not applicable Recommendation: We recommend the Agency file the reporting package timely to the Federal Audit Clearinghouse. View of the responsible officials: Management agrees with this finding.
Finding 2023-001
All Assistance Listing numbers and Federal Agencies (and pass-through entities) included on the accompanying schedule of expenditures of federal awards for the year ended September 30, 2023. Finding: The Single Audit package was not submitted to the Federal Clearinghouse within the required time period. Criteria: Uniform Guidance 2 CFR 200.512(a) requires that organization’s audit must be completed and data collection form and reporting package should be submitted within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Cause: The Agency does not consistently require a single audit each year. The Agency identified it had exceeded the threshold of federal grant expenditures and therefore required a single audit in February 2024. The single audit was not completed by the June 30, 2024 deadline. Effect or potential effect: Potential suspension of funding provided by federal agencies. Questioned costs: None. Context: The September 30, 2023 Single Audit Package. Identification as a repeat finding, if applicable: Not applicable Recommendation: We recommend the Agency file the reporting package timely to the Federal Audit Clearinghouse. View of the responsible officials: Management agrees with this finding.
Finding 2023-001
All Assistance Listing numbers and Federal Agencies (and pass-through entities) included on the accompanying schedule of expenditures of federal awards for the year ended September 30, 2023. Finding: The Single Audit package was not submitted to the Federal Clearinghouse within the required time period. Criteria: Uniform Guidance 2 CFR 200.512(a) requires that organization’s audit must be completed and data collection form and reporting package should be submitted within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Cause: The Agency does not consistently require a single audit each year. The Agency identified it had exceeded the threshold of federal grant expenditures and therefore required a single audit in February 2024. The single audit was not completed by the June 30, 2024 deadline. Effect or potential effect: Potential suspension of funding provided by federal agencies. Questioned costs: None. Context: The September 30, 2023 Single Audit Package. Identification as a repeat finding, if applicable: Not applicable Recommendation: We recommend the Agency file the reporting package timely to the Federal Audit Clearinghouse. View of the responsible officials: Management agrees with this finding.
Finding 2023-001
All Assistance Listing numbers and Federal Agencies (and pass-through entities) included on the accompanying schedule of expenditures of federal awards for the year ended September 30, 2023. Finding: The Single Audit package was not submitted to the Federal Clearinghouse within the required time period. Criteria: Uniform Guidance 2 CFR 200.512(a) requires that organization’s audit must be completed and data collection form and reporting package should be submitted within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Cause: The Agency does not consistently require a single audit each year. The Agency identified it had exceeded the threshold of federal grant expenditures and therefore required a single audit in February 2024. The single audit was not completed by the June 30, 2024 deadline. Effect or potential effect: Potential suspension of funding provided by federal agencies. Questioned costs: None. Context: The September 30, 2023 Single Audit Package. Identification as a repeat finding, if applicable: Not applicable Recommendation: We recommend the Agency file the reporting package timely to the Federal Audit Clearinghouse. View of the responsible officials: Management agrees with this finding.
Finding 2023-001
All Assistance Listing numbers and Federal Agencies (and pass-through entities) included on the accompanying schedule of expenditures of federal awards for the year ended September 30, 2023. Finding: The Single Audit package was not submitted to the Federal Clearinghouse within the required time period. Criteria: Uniform Guidance 2 CFR 200.512(a) requires that organization’s audit must be completed and data collection form and reporting package should be submitted within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Cause: The Agency does not consistently require a single audit each year. The Agency identified it had exceeded the threshold of federal grant expenditures and therefore required a single audit in February 2024. The single audit was not completed by the June 30, 2024 deadline. Effect or potential effect: Potential suspension of funding provided by federal agencies. Questioned costs: None. Context: The September 30, 2023 Single Audit Package. Identification as a repeat finding, if applicable: Not applicable Recommendation: We recommend the Agency file the reporting package timely to the Federal Audit Clearinghouse. View of the responsible officials: Management agrees with this finding.
Finding 2023-001
All Assistance Listing numbers and Federal Agencies (and pass-through entities) included on the accompanying schedule of expenditures of federal awards for the year ended September 30, 2023. Finding: The Single Audit package was not submitted to the Federal Clearinghouse within the required time period. Criteria: Uniform Guidance 2 CFR 200.512(a) requires that organization’s audit must be completed and data collection form and reporting package should be submitted within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Cause: The Agency does not consistently require a single audit each year. The Agency identified it had exceeded the threshold of federal grant expenditures and therefore required a single audit in February 2024. The single audit was not completed by the June 30, 2024 deadline. Effect or potential effect: Potential suspension of funding provided by federal agencies. Questioned costs: None. Context: The September 30, 2023 Single Audit Package. Identification as a repeat finding, if applicable: Not applicable Recommendation: We recommend the Agency file the reporting package timely to the Federal Audit Clearinghouse. View of the responsible officials: Management agrees with this finding.
Finding 2023-001
All Assistance Listing numbers and Federal Agencies (and pass-through entities) included on the accompanying schedule of expenditures of federal awards for the year ended September 30, 2023. Finding: The Single Audit package was not submitted to the Federal Clearinghouse within the required time period. Criteria: Uniform Guidance 2 CFR 200.512(a) requires that organization’s audit must be completed and data collection form and reporting package should be submitted within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Cause: The Agency does not consistently require a single audit each year. The Agency identified it had exceeded the threshold of federal grant expenditures and therefore required a single audit in February 2024. The single audit was not completed by the June 30, 2024 deadline. Effect or potential effect: Potential suspension of funding provided by federal agencies. Questioned costs: None. Context: The September 30, 2023 Single Audit Package. Identification as a repeat finding, if applicable: Not applicable Recommendation: We recommend the Agency file the reporting package timely to the Federal Audit Clearinghouse. View of the responsible officials: Management agrees with this finding.
Finding 2023-001
All Assistance Listing numbers and Federal Agencies (and pass-through entities) included on the accompanying schedule of expenditures of federal awards for the year ended September 30, 2023. Finding: The Single Audit package was not submitted to the Federal Clearinghouse within the required time period. Criteria: Uniform Guidance 2 CFR 200.512(a) requires that organization’s audit must be completed and data collection form and reporting package should be submitted within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Cause: The Agency does not consistently require a single audit each year. The Agency identified it had exceeded the threshold of federal grant expenditures and therefore required a single audit in February 2024. The single audit was not completed by the June 30, 2024 deadline. Effect or potential effect: Potential suspension of funding provided by federal agencies. Questioned costs: None. Context: The September 30, 2023 Single Audit Package. Identification as a repeat finding, if applicable: Not applicable Recommendation: We recommend the Agency file the reporting package timely to the Federal Audit Clearinghouse. View of the responsible officials: Management agrees with this finding.