FAC Explorer

Audit 338317

FY End
2024-05-31
Total Expended
$4.61M
Findings
2
Programs
3
Organization: Breckinridge-Grayson Programs, Inc. (KY)
Year: 2024 Accepted: 2025-01-16
Auditor: Ata PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
519397 2024-001 - - L
1095839 2024-001 - - L

Programs

ALN Program Spent Major Findings
93.600 Head Start $4.12M Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $313,103 Yes 0
10.555 National School Lunch Program $174,328 - 0

Contacts

Name Title Type
MLXPK4BPANM3 Julie Cox Auditee
2702594054 Malcolm E. Neel Iii, Cpa, Cfe Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: GAAP De Minimis Rate Used: N Rate Explanation: Breckinridge-Grayson Programs, Inc. has elected not to use. The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of Breckinridge Grayson Programs, Inc. under programs of the federal government for the year ended May 31, 2024. TH einformation in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles,and Audit Requirements for Federal AWards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Breckinridge Grayson Programs, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Breckinridge Grayson Programs, Inc.
Title: Summary of Significant Accounting Policies Accounting Policies: GAAP De Minimis Rate Used: N Rate Explanation: Breckinridge-Grayson Programs, Inc. has elected not to use. Expenditures reported on 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. Negative amount shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Indirect Cost Rate Accounting Policies: GAAP De Minimis Rate Used: N Rate Explanation: Breckinridge-Grayson Programs, Inc. has elected not to use. Breckinridge Grayson Programs, Inc. Has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Single Audit Data Collection Form Not Filed by Due Date- Condition: The data collection form for the Single Audit ended May 31, 2023 was not submitted to the Federal Clearinghouse by Feburary 28, 2024.Criteria" 2 CRF Section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after the receipt of the auditor's report or nine months after the end of the audit period. Cause: THe audit report was not issued prior to February 28, 2024, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Effect: The Organization has not met the reporting requirements related to timely submission of the data collection from required for a Single Audit. Therefore, per 2 CFR section 200.520, the Organization will not meet the low-risk auditee criteria for the next Single Audit the requires sbumission of the data collection form and reporting package. Recommendation: We recommend that the Organization develop specific procedures to ensure that the data collection for is submitted prior to the February 28th reporting deadline. Response: The Organization will work with the audit firm to ensure the data collection form is filed timely.
Finding 2024-001
Single Audit Data Collection Form Not Filed by Due Date- Condition: The data collection form for the Single Audit ended May 31, 2023 was not submitted to the Federal Clearinghouse by Feburary 28, 2024.Criteria" 2 CRF Section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after the receipt of the auditor's report or nine months after the end of the audit period. Cause: THe audit report was not issued prior to February 28, 2024, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Effect: The Organization has not met the reporting requirements related to timely submission of the data collection from required for a Single Audit. Therefore, per 2 CFR section 200.520, the Organization will not meet the low-risk auditee criteria for the next Single Audit the requires sbumission of the data collection form and reporting package. Recommendation: We recommend that the Organization develop specific procedures to ensure that the data collection for is submitted prior to the February 28th reporting deadline. Response: The Organization will work with the audit firm to ensure the data collection form is filed timely.