FAC Explorer

Audit 336687

FY End
2022-08-31
Total Expended
$6.49M
Findings
4
Programs
1
Organization: Theatre Under the Stars (TX)
Year: 2022 Accepted: 2025-01-08
Auditor: Blazek & Vetterling

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
518330 2022-003 Material Weakness - B
518331 2022-004 - - P
1094772 2022-003 Material Weakness - B
1094773 2022-004 - - P

Programs

ALN Program Spent Major Findings
59.075 Shuttered Venue Operators Grant Program $6.49M Yes 2

Contacts

Name Title Type
C86KKW618JM3 Firoz Contractor Auditee
7135582653 Christine Lee Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Basis of presentation – The schedule of expenditures of federal awards is prepared on the accrual basis of accounting. The information in this 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). Federal expenditures include allowable costs funded by federal grants. Allowable costs are subject to the cost principles of the Uniform Guidance and include costs that are recognized in TUTS’ financial statements in conformity with generally accepted accounting principles. TUTS has not elected to use the 10% de minimus cost rate for indirect costs, does not charge indirect costs to its federal grants and does not have any subrecipients. Because the schedule presents only a selected portion of the operations of TUTS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of TUTS. De Minimis Rate Used: N Rate Explanation: The Auditee has elected not to use an indirect cost rate. Basis of presentation – The schedule of expenditures of federal awards is prepared on the accrual basis of accounting. The information in this 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). Federal expenditures include allowable costs funded by federal grants. Allowable costs are subject to the cost principles of the Uniform Guidance and include costs that are recognized in TUTS’ financial statements in conformity with generally accepted accounting principles. TUTS has not elected to use the 10% de minimus cost rate for indirect costs, does not charge indirect costs to its federal grants and does not have any subrecipients. Because the schedule presents only a selected portion of the operations of TUTS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of TUTS.

Finding Details

Finding 2022-003
Finding #2022-003 – Material Weakness. Applicable federal programs: All federal programs. Criteria: Allowable costs – same as finding #2022-002. Condition and context: Same as finding #2022-002. Cause: Same as finding #2022-002. Effect: Same as finding #2022-002. Questioned costs: Unknown. Recommendation: Same as finding #2022-002. Views of responsible officials and planned corrective actions: Management agrees with the finding. See Corrective Action Plan.
Finding 2022-004
Finding #2022-004 – Other Noncompliance. Applicable federal programs: All federal programs. Criteria: Pursuant to Subpart F of the Uniform Guidance, recipients are required to submit the Federal reporting package documents no more than 30 days after the auditor submits its report or nine months after the final day of the audit period, whichever comes first. Cause: There was a lack of timeliness in closing the year-end financial records, which resulted in the delayed start and corresponding completion of the current year audit. TUTS failed to file the Single Audit reporting package by the required due date. Effect: TUTS could experience a potential interruption of funding due to inadequate reporting. Recommendation: Implement policies and procedures to facilitate timely completion of the audit and submission of all required reports. Views of responsible officials and planned corrective actions: Management agrees with the finding. See Corrective Action Plan.
Finding 2022-003
Finding #2022-003 – Material Weakness. Applicable federal programs: All federal programs. Criteria: Allowable costs – same as finding #2022-002. Condition and context: Same as finding #2022-002. Cause: Same as finding #2022-002. Effect: Same as finding #2022-002. Questioned costs: Unknown. Recommendation: Same as finding #2022-002. Views of responsible officials and planned corrective actions: Management agrees with the finding. See Corrective Action Plan.
Finding 2022-004
Finding #2022-004 – Other Noncompliance. Applicable federal programs: All federal programs. Criteria: Pursuant to Subpart F of the Uniform Guidance, recipients are required to submit the Federal reporting package documents no more than 30 days after the auditor submits its report or nine months after the final day of the audit period, whichever comes first. Cause: There was a lack of timeliness in closing the year-end financial records, which resulted in the delayed start and corresponding completion of the current year audit. TUTS failed to file the Single Audit reporting package by the required due date. Effect: TUTS could experience a potential interruption of funding due to inadequate reporting. Recommendation: Implement policies and procedures to facilitate timely completion of the audit and submission of all required reports. Views of responsible officials and planned corrective actions: Management agrees with the finding. See Corrective Action Plan.