Audit 329508

FY End

2023-12-31

Total Expended

$1.31M

Findings

2

Programs

1

Organization: Mount Olive Baptist Church (LA)

Year: 2023 Accepted: 2024-11-22

Auditor: Broussard & Company Cpa's LLC

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
509780	2023-002	Material Weakness	-	L
1086222	2023-002	Material Weakness	-	L

ALN	Program	Spent	Major	Findings
97.036	Disaster Grants - Public Assistance (presidentially Declared Disasters)	$1.31M	Yes	1

Contacts

Name	Title	Type
PWRKHLLEBB19	Gregory Cormier	Auditee
3372496576	Mike Defalco	Auditor
No contacts on file

Notes to SEFA

Title: Note A – Basis of Presentation Accounting Policies: Note B – Summary of Significant 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: Note C – Indirect Cost Rate Mount Olive Baptist Church has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Mount Olive Baptist Church 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 Cameron Community Action Agency, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Mount Olive Baptist Church.

Finding Details

Finding 2023-002

2023-002 Failure to Submit Financial Information to the Federal Audit Clearinghouse Timely Criteria: All Single Audits performed in accordance with the Uniform Guidance are required to be filed with the Federal Audit Clearinghouse no later than nine months after the entity’s year end. Condition: The Church failed to submit the annual audit report to the Federal Audit Clearinghouse within nine months of the entity’s year end. Effect: The Church is not in compliance with the Federal Audit Clearinghouse filing requirement. Cause: Due to lack of appropriate management oversight, the Church lacked the ability to ensure proper procedures were followed to maintain timely financial reporting. Recommendation: Management should put additional policies and procedures in place to ensure that their internal financial records are timely and that communication with the independent auditor should be closely monitored to identify issues that may cause delays in issuing the audit report.

Finding 2023-002

2023-002 Failure to Submit Financial Information to the Federal Audit Clearinghouse Timely Criteria: All Single Audits performed in accordance with the Uniform Guidance are required to be filed with the Federal Audit Clearinghouse no later than nine months after the entity’s year end. Condition: The Church failed to submit the annual audit report to the Federal Audit Clearinghouse within nine months of the entity’s year end. Effect: The Church is not in compliance with the Federal Audit Clearinghouse filing requirement. Cause: Due to lack of appropriate management oversight, the Church lacked the ability to ensure proper procedures were followed to maintain timely financial reporting. Recommendation: Management should put additional policies and procedures in place to ensure that their internal financial records are timely and that communication with the independent auditor should be closely monitored to identify issues that may cause delays in issuing the audit report.