Audit 334752

FY End

2023-12-31

Total Expended

$17.72M

Findings

2

Programs

2

Organization: Bancroft Global Development (DC)

Year: 2023 Accepted: 2024-12-25

Auditor: Gelman Rosenberg & Freedman

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
516865	2023-001	Significant Deficiency	-	L
1093307	2023-001	Significant Deficiency	-	L

ALN	Program	Spent	Major	Findings
19.979	Regional Peace and Security	$16.61M	Yes	1
19.224	Nonproliferation and Disarmament Fund	$1.11M	-	0

Contacts

Name	Title	Type
GBNLAMSU9CN3	Christine Bowman	Auditee
2026043557	Andreas Alexandrou	Auditor
No contacts on file

Notes to SEFA

Title: Note 1. Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. De Minimis Rate Used: Y Rate Explanation: Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal award activity of the Organization under programs of the U.S. Government for the year ended December 31, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Schedule presents only a selected portion of the operations of the Organization; accordingly, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.

Title: Note 2. Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. De Minimis Rate Used: Y Rate Explanation: Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-001

Finding 2023-001: Federal Funding Accountability and Transparency Act (FFATA) Reporting Federal Program: ALN 19.979 Criteria or Specific Requirement (Including Statutory, Regulatory, or Other Citation): The FFATA Subaward Reporting System (FSRS) is the reporting tool Federal prime awardees use to capture and report subaward and executive compensation data regarding their first tier subawards to meet the FFATA reporting requirements. Prime awardees awarded a Federal grant are required to file a FFATA sub-award report by the end of the month following the month in which the prime awardee awards any sub-grant equal to or greater than $30,000. Condition: The Organization has not complied with the aforementioned criteria (we noted no evidence of a FFATA reporting process). Cause: The Organization was unaware about the requirements (or maintain policies) related to FFATA reporting and therefore compliance with Federal regulations cannot be determined. Effect or Potential Effect: Absent proper policies and procedures, the Organization is at risk of entering into sub-awards under Federal awards that were not properly reported and therefore could result in noncompliance with FFATA requirements. Questioned Costs: None noted Context: The issue appears to be systemic. Identification as a Repeat Finding: Not applicable Recommendation: We recommend the Organization establish a FFATA reporting policy to become compliant with the aforementioned requirements. We further recommend it ensure all staff are properly trained with respect to the new policy to ensure compliance. In cases where the Organization is exempt from reporting or qualifies for a reporting waiver, that conclusion should be documented in its subgrantee records.

Finding 2023-001

Finding 2023-001: Federal Funding Accountability and Transparency Act (FFATA) Reporting Federal Program: ALN 19.979 Criteria or Specific Requirement (Including Statutory, Regulatory, or Other Citation): The FFATA Subaward Reporting System (FSRS) is the reporting tool Federal prime awardees use to capture and report subaward and executive compensation data regarding their first tier subawards to meet the FFATA reporting requirements. Prime awardees awarded a Federal grant are required to file a FFATA sub-award report by the end of the month following the month in which the prime awardee awards any sub-grant equal to or greater than $30,000. Condition: The Organization has not complied with the aforementioned criteria (we noted no evidence of a FFATA reporting process). Cause: The Organization was unaware about the requirements (or maintain policies) related to FFATA reporting and therefore compliance with Federal regulations cannot be determined. Effect or Potential Effect: Absent proper policies and procedures, the Organization is at risk of entering into sub-awards under Federal awards that were not properly reported and therefore could result in noncompliance with FFATA requirements. Questioned Costs: None noted Context: The issue appears to be systemic. Identification as a Repeat Finding: Not applicable Recommendation: We recommend the Organization establish a FFATA reporting policy to become compliant with the aforementioned requirements. We further recommend it ensure all staff are properly trained with respect to the new policy to ensure compliance. In cases where the Organization is exempt from reporting or qualifies for a reporting waiver, that conclusion should be documented in its subgrantee records.