FAC Explorer

Audit 33431

FY End
2022-06-30
Total Expended
$2.48M
Findings
4
Programs
7
Organization: Food Bank for Larimer County (CO)
Year: 2022 Accepted: 2022-11-20
Auditor: Eide Bailly LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
33994 2022-001 Significant Deficiency - I
33995 2022-001 Significant Deficiency - I
610436 2022-001 Significant Deficiency - I
610437 2022-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
10.569 Emergency Food Assistance Program (food Commodities) $1.59M - 0
10.559 Summer Food Service Program for Children $320,533 Yes 1
10.558 Child and Adult Care Food Program $316,625 Yes 1
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $90,633 - 0
10.568 Emergency Food Assistance Program (administrative Costs) $55,602 - 0
21.019 Coronavirus Relief Fund $20,000 - 0
93.044 Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers $10,000 - 0

Contacts

Name Title Type
P374WSRNFEL8 Denise Bowser Auditee
9704934477 Ksenia Popke Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Note 1 - Basis of Presentation The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Food Bank for Larimer County (the Organization) under programs of the federal government for the year ended June 30, 2022. The information 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 Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.Note 2 - Summary of Significant Accounting PoliciesExpenditures reported in the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal financial assistance has been provided to a subrecipient.Note 3 - Indirect Cost RateThe Organization has not elected to use the 10% de minimus cost rate.Note 4 - Food DonationNonmonetary assistance is reported in this schedule at the value assigned by Feeding America per pound of the commodities received and disbursed. At June 30, 2022, the Organization had food commodities totaling $622,587 in inventory. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Procurement, Suspension and Debarment Significant Deficiency in Internal Control over Compliance Criteria: Uniform Guidance ?200.317 through ?200.326 contain requirements that apply to procurements occurring with federal awards. Condition: Food Bank for Larimer County did not retain documentation to support the procedures it performed to ensure compliance with procurement, suspension, and debarment requirements. Cause: There was a misunderstanding about what needed to be retained to support compliance with the relevant requirements. Effect: Lack of documentation to support procurement could result in expenditures not in conformity with Uniform Guidance. Questioned Costs: None Context/Sampling: None ? We reviewed all procurement vendors subject to this compliance requirement. Repeat Finding from Prior Year: No Recommendation: Food Bank for Larimer County should retain all documentation supporting compliance with major federal program procurement, suspension and debarment compliance requirements. Views of Responsible Officials: Management agrees with the finding.
Finding 2022-001
Procurement, Suspension and Debarment Significant Deficiency in Internal Control over Compliance Criteria: Uniform Guidance ?200.317 through ?200.326 contain requirements that apply to procurements occurring with federal awards. Condition: Food Bank for Larimer County did not retain documentation to support the procedures it performed to ensure compliance with procurement, suspension, and debarment requirements. Cause: There was a misunderstanding about what needed to be retained to support compliance with the relevant requirements. Effect: Lack of documentation to support procurement could result in expenditures not in conformity with Uniform Guidance. Questioned Costs: None Context/Sampling: None ? We reviewed all procurement vendors subject to this compliance requirement. Repeat Finding from Prior Year: No Recommendation: Food Bank for Larimer County should retain all documentation supporting compliance with major federal program procurement, suspension and debarment compliance requirements. Views of Responsible Officials: Management agrees with the finding.
Finding 2022-001
Procurement, Suspension and Debarment Significant Deficiency in Internal Control over Compliance Criteria: Uniform Guidance ?200.317 through ?200.326 contain requirements that apply to procurements occurring with federal awards. Condition: Food Bank for Larimer County did not retain documentation to support the procedures it performed to ensure compliance with procurement, suspension, and debarment requirements. Cause: There was a misunderstanding about what needed to be retained to support compliance with the relevant requirements. Effect: Lack of documentation to support procurement could result in expenditures not in conformity with Uniform Guidance. Questioned Costs: None Context/Sampling: None ? We reviewed all procurement vendors subject to this compliance requirement. Repeat Finding from Prior Year: No Recommendation: Food Bank for Larimer County should retain all documentation supporting compliance with major federal program procurement, suspension and debarment compliance requirements. Views of Responsible Officials: Management agrees with the finding.
Finding 2022-001
Procurement, Suspension and Debarment Significant Deficiency in Internal Control over Compliance Criteria: Uniform Guidance ?200.317 through ?200.326 contain requirements that apply to procurements occurring with federal awards. Condition: Food Bank for Larimer County did not retain documentation to support the procedures it performed to ensure compliance with procurement, suspension, and debarment requirements. Cause: There was a misunderstanding about what needed to be retained to support compliance with the relevant requirements. Effect: Lack of documentation to support procurement could result in expenditures not in conformity with Uniform Guidance. Questioned Costs: None Context/Sampling: None ? We reviewed all procurement vendors subject to this compliance requirement. Repeat Finding from Prior Year: No Recommendation: Food Bank for Larimer County should retain all documentation supporting compliance with major federal program procurement, suspension and debarment compliance requirements. Views of Responsible Officials: Management agrees with the finding.