FAC Explorer

Audit 335142

FY End
2023-12-31
Total Expended
$960,331
Findings
4
Programs
5
Organization: Boys and Girls Clubs of the Midlands (NE)
Year: 2023 Accepted: 2024-12-30
Auditor: Frankel LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
517187 2023-001 Material Weakness - P
517188 2023-002 Significant Deficiency - P
1093629 2023-001 Material Weakness - P
1093630 2023-002 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
84.287 Twenty-First Century Community Learning Centers $570,809 Yes 2
10.558 Child and Adult Care Food Program $91,180 - 0
16.738 Edward Byrne Memorial Justice Assistance Grant Program $61,192 - 0
16.726 Juvenile Mentoring Program $56,863 - 0
10.559 Summer Food Service Program for Children $27,226 - 0

Contacts

Name Title Type
MPC7HBJ23LT3 Bridgette Renbarger Auditee
4023421600 Shari Munro Auditor
No contacts on file

Notes to SEFA

Title: Note 3 Accounting Policies: The above Schedule of Expenditures of Federal Awards includes the Federal grant activity of Boys and Girls Clubs of the Midlands (the Club) and is presented on the accrual basis of accounting. This information 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). De Minimis Rate Used: N Rate Explanation: The Club did not elect to use the 10% de minimis indirect cost rate. The Club did not pass through any funds from federal awards to subrecipients.

Finding Details

Finding 2023-001
Criteria: Maintenance of the general ledger is critical to accurate and reliable financial reporting. Condition: The Club implemented a new general ledger software system in May 2023 and experienced significant difficulties in transferring beginning balances, entering current transactions timely and accurately, as well as reconciling key accounts. In particular, after the implementation, monthly bank account reconciliations were not completed until late 2024. Cause: The Club was not prepared to implement the new software and did not have adequate resources to deal with the difficulties encountered and routine accounting functions. Effect: The Club had significant unrecorded or improperly recorded transactions in the general ledger which resulted in a significant adjustment to the cash account balance and other accounts that were material to the financial statements. Response: See Corrective Action Plan.
Finding 2023-002
Criteria: Internal controls should be in operation that provide reasonable assurance of the Club’s ability to report financial data reliably in accordance with generally accepted accounting principles (GAAP). Condition: The Club’s accounting personnel must review and record all transactions related to the current period in the general ledger in accordance with GAAP. Cause: The Club did not review all transactions to identify and record significant receivable and investment changes and the related revenue implications in its general ledger. Effect: The Club had significant unrecorded or improperly recorded transactions in the general ledger which resulted in a significant number of adjusting entries that were material to the financial statements. Response: See Corrective Action Plan.
Finding 2023-001
Criteria: Maintenance of the general ledger is critical to accurate and reliable financial reporting. Condition: The Club implemented a new general ledger software system in May 2023 and experienced significant difficulties in transferring beginning balances, entering current transactions timely and accurately, as well as reconciling key accounts. In particular, after the implementation, monthly bank account reconciliations were not completed until late 2024. Cause: The Club was not prepared to implement the new software and did not have adequate resources to deal with the difficulties encountered and routine accounting functions. Effect: The Club had significant unrecorded or improperly recorded transactions in the general ledger which resulted in a significant adjustment to the cash account balance and other accounts that were material to the financial statements. Response: See Corrective Action Plan.
Finding 2023-002
Criteria: Internal controls should be in operation that provide reasonable assurance of the Club’s ability to report financial data reliably in accordance with generally accepted accounting principles (GAAP). Condition: The Club’s accounting personnel must review and record all transactions related to the current period in the general ledger in accordance with GAAP. Cause: The Club did not review all transactions to identify and record significant receivable and investment changes and the related revenue implications in its general ledger. Effect: The Club had significant unrecorded or improperly recorded transactions in the general ledger which resulted in a significant number of adjusting entries that were material to the financial statements. Response: See Corrective Action Plan.