FAC Explorer

Audit 332052

FY End
2024-06-30
Total Expended
$2.11M
Findings
4
Programs
1
Organization: Boys and Girls Clubs of Story County INC (IA)
Year: 2024 Accepted: 2024-12-11
Auditor: Houston & Seeman PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
513891 2024-001 Material Weakness - A
513892 2024-001 Material Weakness - A
1090333 2024-001 Material Weakness - A
1090334 2024-001 Material Weakness - A

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $79,782 Yes 1

Contacts

Name Title Type
GV89TD1LG1X5 Ryan Santi Auditee
5152331872 Eric Seeman Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported in 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: Y Rate Explanation: Boys and Girls Clubs of Story County, Inc. has elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal activity of Boys and Girls Clubs of Story County, Inc. under programs of the federal government for the year ended June 30, 2024. 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 Boys and Girls Clubs of Story County, Inc., it is not intended to and does not present the financial position, changes in financial position or cash flows of Boys and Girls Clubs of Story County, Inc.

Finding Details

Finding 2024-001
Segregation of Duties – One important aspect of internal control is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. Boys and Girls Clubs of Story County, Inc. has a limited number of people which have the primary responsibility for most of the accounting and financial duties, as a result some of the aspects of internal control are missing.
Finding 2024-001
Segregation of Duties – One important aspect of internal control is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. Boys and Girls Clubs of Story County, Inc. has a limited number of people which have the primary responsibility for most of the accounting and financial duties, as a result some of the aspects of internal control are missing.
Finding 2024-001
Segregation of Duties – One important aspect of internal control is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. Boys and Girls Clubs of Story County, Inc. has a limited number of people which have the primary responsibility for most of the accounting and financial duties, as a result some of the aspects of internal control are missing.
Finding 2024-001
Segregation of Duties – One important aspect of internal control is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. Boys and Girls Clubs of Story County, Inc. has a limited number of people which have the primary responsibility for most of the accounting and financial duties, as a result some of the aspects of internal control are missing.