Condition: The Organization did not identify certain pass-through funding as Federal Funding during the year ended December 31, 2023 Criteria: Pursuant to Standards for Internal Control in the Federal Government, Principle 16 - Perform Monitoring Activities, management should monitor its internal control system through ongoing monitoring and separate evaluations including but not limited to comparisons, reconciliations and other routine actions. Pass-through Federal funds must be indentified as such when received. Cause: Internal controls were inadequate over the identification of Federal funding. Potential Effect: Unidentified Federal funding can lead to inadequate financial and audit reporting. Recommendation - A designated staff member of YWCA Greater Newburyport should perform a monthly review and comparsion of the funding they are receiving to ensure they are recognizing all Federal funds. Views of Responsible Official - YWCA Greater Newburyport agrees with this recommendation and has amended its policies and procedures to include the monthly review of Federal funds. YWCA Greater Newburyport agrees with the recomendation and has amended its policies and procedures in 2024 to include a periodic review of Federal funds.
Condition: The Organization did not identify certain pass-through funding as Federal Funding during the year ended December 31, 2023 Criteria: Pursuant to Standards for Internal Control in the Federal Government, Principle 16 - Perform Monitoring Activities, management should monitor its internal control system through ongoing monitoring and separate evaluations including but not limited to comparisons, reconciliations and other routine actions. Pass-through Federal funds must be indentified as such when received. Cause: Internal controls were inadequate over the identification of Federal funding. Potential Effect: Unidentified Federal funding can lead to inadequate financial and audit reporting. Recommendation - A designated staff member of YWCA Greater Newburyport should perform a monthly review and comparsion of the funding they are receiving to ensure they are recognizing all Federal funds. Views of Responsible Official - YWCA Greater Newburyport agrees with this recommendation and has amended its policies and procedures to include the monthly review of Federal funds. YWCA Greater Newburyport agrees with the recomendation and has amended its policies and procedures in 2024 to include a periodic review of Federal funds.
Condition: The Organization did not identify certain pass-through funding as Federal Funding during the year ended December 31, 2023 Criteria: Pursuant to Standards for Internal Control in the Federal Government, Principle 16 - Perform Monitoring Activities, management should monitor its internal control system through ongoing monitoring and separate evaluations including but not limited to comparisons, reconciliations and other routine actions. Pass-through Federal funds must be indentified as such when received. Cause: Internal controls were inadequate over the identification of Federal funding. Potential Effect: Unidentified Federal funding can lead to inadequate financial and audit reporting. Recommendation - A designated staff member of YWCA Greater Newburyport should perform a monthly review and comparsion of the funding they are receiving to ensure they are recognizing all Federal funds. Views of Responsible Official - YWCA Greater Newburyport agrees with this recommendation and has amended its policies and procedures to include the monthly review of Federal funds. YWCA Greater Newburyport agrees with the recomendation and has amended its policies and procedures in 2024 to include a periodic review of Federal funds.
Condition: The Organization did not identify certain pass-through funding as Federal Funding during the year ended December 31, 2023 Criteria: Pursuant to Standards for Internal Control in the Federal Government, Principle 16 - Perform Monitoring Activities, management should monitor its internal control system through ongoing monitoring and separate evaluations including but not limited to comparisons, reconciliations and other routine actions. Pass-through Federal funds must be indentified as such when received. Cause: Internal controls were inadequate over the identification of Federal funding. Potential Effect: Unidentified Federal funding can lead to inadequate financial and audit reporting. Recommendation - A designated staff member of YWCA Greater Newburyport should perform a monthly review and comparsion of the funding they are receiving to ensure they are recognizing all Federal funds. Views of Responsible Official - YWCA Greater Newburyport agrees with this recommendation and has amended its policies and procedures to include the monthly review of Federal funds. YWCA Greater Newburyport agrees with the recomendation and has amended its policies and procedures in 2024 to include a periodic review of Federal funds.
Condition: YWCA Greater Newburyport did not file its audit report with the various federal agencies by the September 30, 2024 deadline. Criteria: The federal agencies requires that all not for-profit entities expending $750,000 or more of Federal awards to have an audit of its Federal awards performed and completed within nine months of the Organization's fiscal year-end. Cause: Originally the Organization thought an audit was not necessary due to not reaching the $750,000 threshold. It eventually became apparent during the audit that the Organization did receive pass-through Federal funding exceeding $750,000. As the audit progressed, additional procedures had to be performed as part of the audit process, which further delayed the reporting under the Federal Uniform Guidance requirements. Potential effect: YWCA Greater Newburyport did not comply with the Federal Uniform Guidance requirements. Recommendation: YWCA Greater Newburyport will need to file all future audit reports in a timely manner in accordance with Federal Uniform Guidance. Views of Responsible Officials: The company is aware that audits for the year ended 2024 are required and will commence the audit process earlier. The intention of the company is to file the 2024 audit by September 30, 2025.
Condition: YWCA Greater Newburyport did not file its audit report with the various federal agencies by the September 30, 2024 deadline. Criteria: The federal agencies requires that all not for-profit entities expending $750,000 or more of Federal awards to have an audit of its Federal awards performed and completed within nine months of the Organization's fiscal year-end. Cause: Originally the Organization thought an audit was not necessary due to not reaching the $750,000 threshold. It eventually became apparent during the audit that the Organization did receive pass-through Federal funding exceeding $750,000. As the audit progressed, additional procedures had to be performed as part of the audit process, which further delayed the reporting under the Federal Uniform Guidance requirements. Potential effect: YWCA Greater Newburyport did not comply with the Federal Uniform Guidance requirements. Recommendation: YWCA Greater Newburyport will need to file all future audit reports in a timely manner in accordance with Federal Uniform Guidance. Views of Responsible Officials: The company is aware that audits for the year ended 2024 are required and will commence the audit process earlier. The intention of the company is to file the 2024 audit by September 30, 2025.
Condition: YWCA Greater Newburyport did not file its audit report with the various federal agencies by the September 30, 2024 deadline. Criteria: The federal agencies requires that all not for-profit entities expending $750,000 or more of Federal awards to have an audit of its Federal awards performed and completed within nine months of the Organization's fiscal year-end. Cause: Originally the Organization thought an audit was not necessary due to not reaching the $750,000 threshold. It eventually became apparent during the audit that the Organization did receive pass-through Federal funding exceeding $750,000. As the audit progressed, additional procedures had to be performed as part of the audit process, which further delayed the reporting under the Federal Uniform Guidance requirements. Potential effect: YWCA Greater Newburyport did not comply with the Federal Uniform Guidance requirements. Recommendation: YWCA Greater Newburyport will need to file all future audit reports in a timely manner in accordance with Federal Uniform Guidance. Views of Responsible Officials: The company is aware that audits for the year ended 2024 are required and will commence the audit process earlier. The intention of the company is to file the 2024 audit by September 30, 2025.
Condition: YWCA Greater Newburyport did not file its audit report with the various federal agencies by the September 30, 2024 deadline. Criteria: The federal agencies requires that all not for-profit entities expending $750,000 or more of Federal awards to have an audit of its Federal awards performed and completed within nine months of the Organization's fiscal year-end. Cause: Originally the Organization thought an audit was not necessary due to not reaching the $750,000 threshold. It eventually became apparent during the audit that the Organization did receive pass-through Federal funding exceeding $750,000. As the audit progressed, additional procedures had to be performed as part of the audit process, which further delayed the reporting under the Federal Uniform Guidance requirements. Potential effect: YWCA Greater Newburyport did not comply with the Federal Uniform Guidance requirements. Recommendation: YWCA Greater Newburyport will need to file all future audit reports in a timely manner in accordance with Federal Uniform Guidance. Views of Responsible Officials: The company is aware that audits for the year ended 2024 are required and will commence the audit process earlier. The intention of the company is to file the 2024 audit by September 30, 2025.
Condition: The Organization did not identify certain pass-through funding as Federal Funding during the year ended December 31, 2023 Criteria: Pursuant to Standards for Internal Control in the Federal Government, Principle 16 - Perform Monitoring Activities, management should monitor its internal control system through ongoing monitoring and separate evaluations including but not limited to comparisons, reconciliations and other routine actions. Pass-through Federal funds must be indentified as such when received. Cause: Internal controls were inadequate over the identification of Federal funding. Potential Effect: Unidentified Federal funding can lead to inadequate financial and audit reporting. Recommendation - A designated staff member of YWCA Greater Newburyport should perform a monthly review and comparsion of the funding they are receiving to ensure they are recognizing all Federal funds. Views of Responsible Official - YWCA Greater Newburyport agrees with this recommendation and has amended its policies and procedures to include the monthly review of Federal funds. YWCA Greater Newburyport agrees with the recomendation and has amended its policies and procedures in 2024 to include a periodic review of Federal funds.
Condition: The Organization did not identify certain pass-through funding as Federal Funding during the year ended December 31, 2023 Criteria: Pursuant to Standards for Internal Control in the Federal Government, Principle 16 - Perform Monitoring Activities, management should monitor its internal control system through ongoing monitoring and separate evaluations including but not limited to comparisons, reconciliations and other routine actions. Pass-through Federal funds must be indentified as such when received. Cause: Internal controls were inadequate over the identification of Federal funding. Potential Effect: Unidentified Federal funding can lead to inadequate financial and audit reporting. Recommendation - A designated staff member of YWCA Greater Newburyport should perform a monthly review and comparsion of the funding they are receiving to ensure they are recognizing all Federal funds. Views of Responsible Official - YWCA Greater Newburyport agrees with this recommendation and has amended its policies and procedures to include the monthly review of Federal funds. YWCA Greater Newburyport agrees with the recomendation and has amended its policies and procedures in 2024 to include a periodic review of Federal funds.
Condition: The Organization did not identify certain pass-through funding as Federal Funding during the year ended December 31, 2023 Criteria: Pursuant to Standards for Internal Control in the Federal Government, Principle 16 - Perform Monitoring Activities, management should monitor its internal control system through ongoing monitoring and separate evaluations including but not limited to comparisons, reconciliations and other routine actions. Pass-through Federal funds must be indentified as such when received. Cause: Internal controls were inadequate over the identification of Federal funding. Potential Effect: Unidentified Federal funding can lead to inadequate financial and audit reporting. Recommendation - A designated staff member of YWCA Greater Newburyport should perform a monthly review and comparsion of the funding they are receiving to ensure they are recognizing all Federal funds. Views of Responsible Official - YWCA Greater Newburyport agrees with this recommendation and has amended its policies and procedures to include the monthly review of Federal funds. YWCA Greater Newburyport agrees with the recomendation and has amended its policies and procedures in 2024 to include a periodic review of Federal funds.
Condition: The Organization did not identify certain pass-through funding as Federal Funding during the year ended December 31, 2023 Criteria: Pursuant to Standards for Internal Control in the Federal Government, Principle 16 - Perform Monitoring Activities, management should monitor its internal control system through ongoing monitoring and separate evaluations including but not limited to comparisons, reconciliations and other routine actions. Pass-through Federal funds must be indentified as such when received. Cause: Internal controls were inadequate over the identification of Federal funding. Potential Effect: Unidentified Federal funding can lead to inadequate financial and audit reporting. Recommendation - A designated staff member of YWCA Greater Newburyport should perform a monthly review and comparsion of the funding they are receiving to ensure they are recognizing all Federal funds. Views of Responsible Official - YWCA Greater Newburyport agrees with this recommendation and has amended its policies and procedures to include the monthly review of Federal funds. YWCA Greater Newburyport agrees with the recomendation and has amended its policies and procedures in 2024 to include a periodic review of Federal funds.
Condition: YWCA Greater Newburyport did not file its audit report with the various federal agencies by the September 30, 2024 deadline. Criteria: The federal agencies requires that all not for-profit entities expending $750,000 or more of Federal awards to have an audit of its Federal awards performed and completed within nine months of the Organization's fiscal year-end. Cause: Originally the Organization thought an audit was not necessary due to not reaching the $750,000 threshold. It eventually became apparent during the audit that the Organization did receive pass-through Federal funding exceeding $750,000. As the audit progressed, additional procedures had to be performed as part of the audit process, which further delayed the reporting under the Federal Uniform Guidance requirements. Potential effect: YWCA Greater Newburyport did not comply with the Federal Uniform Guidance requirements. Recommendation: YWCA Greater Newburyport will need to file all future audit reports in a timely manner in accordance with Federal Uniform Guidance. Views of Responsible Officials: The company is aware that audits for the year ended 2024 are required and will commence the audit process earlier. The intention of the company is to file the 2024 audit by September 30, 2025.
Condition: YWCA Greater Newburyport did not file its audit report with the various federal agencies by the September 30, 2024 deadline. Criteria: The federal agencies requires that all not for-profit entities expending $750,000 or more of Federal awards to have an audit of its Federal awards performed and completed within nine months of the Organization's fiscal year-end. Cause: Originally the Organization thought an audit was not necessary due to not reaching the $750,000 threshold. It eventually became apparent during the audit that the Organization did receive pass-through Federal funding exceeding $750,000. As the audit progressed, additional procedures had to be performed as part of the audit process, which further delayed the reporting under the Federal Uniform Guidance requirements. Potential effect: YWCA Greater Newburyport did not comply with the Federal Uniform Guidance requirements. Recommendation: YWCA Greater Newburyport will need to file all future audit reports in a timely manner in accordance with Federal Uniform Guidance. Views of Responsible Officials: The company is aware that audits for the year ended 2024 are required and will commence the audit process earlier. The intention of the company is to file the 2024 audit by September 30, 2025.
Condition: YWCA Greater Newburyport did not file its audit report with the various federal agencies by the September 30, 2024 deadline. Criteria: The federal agencies requires that all not for-profit entities expending $750,000 or more of Federal awards to have an audit of its Federal awards performed and completed within nine months of the Organization's fiscal year-end. Cause: Originally the Organization thought an audit was not necessary due to not reaching the $750,000 threshold. It eventually became apparent during the audit that the Organization did receive pass-through Federal funding exceeding $750,000. As the audit progressed, additional procedures had to be performed as part of the audit process, which further delayed the reporting under the Federal Uniform Guidance requirements. Potential effect: YWCA Greater Newburyport did not comply with the Federal Uniform Guidance requirements. Recommendation: YWCA Greater Newburyport will need to file all future audit reports in a timely manner in accordance with Federal Uniform Guidance. Views of Responsible Officials: The company is aware that audits for the year ended 2024 are required and will commence the audit process earlier. The intention of the company is to file the 2024 audit by September 30, 2025.
Condition: YWCA Greater Newburyport did not file its audit report with the various federal agencies by the September 30, 2024 deadline. Criteria: The federal agencies requires that all not for-profit entities expending $750,000 or more of Federal awards to have an audit of its Federal awards performed and completed within nine months of the Organization's fiscal year-end. Cause: Originally the Organization thought an audit was not necessary due to not reaching the $750,000 threshold. It eventually became apparent during the audit that the Organization did receive pass-through Federal funding exceeding $750,000. As the audit progressed, additional procedures had to be performed as part of the audit process, which further delayed the reporting under the Federal Uniform Guidance requirements. Potential effect: YWCA Greater Newburyport did not comply with the Federal Uniform Guidance requirements. Recommendation: YWCA Greater Newburyport will need to file all future audit reports in a timely manner in accordance with Federal Uniform Guidance. Views of Responsible Officials: The company is aware that audits for the year ended 2024 are required and will commence the audit process earlier. The intention of the company is to file the 2024 audit by September 30, 2025.