FAC Explorer

Audit 341103

FY End
2024-09-30
Total Expended
$990,280
Findings
2
Programs
2
Organization: Granite Vna, Inc. (NH)
Year: 2024 Accepted: 2025-02-04
Auditor: Bdmp Assurance LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
521151 2024-004 Material Weakness - B
1097593 2024-004 Material Weakness - B

Programs

ALN Program Spent Major Findings
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $716,233 Yes 1
93.870 Maternal, Infant and Early Childhood Home Visiting Grant $274,047 - 0

Contacts

Name Title Type
J1GJSEM4BJ97 James Manahan Auditee
6032305669 Katharine Balukas Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The Association has not elected to use the 10% de minimis indirect cost rate. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Granite VNA, Inc. (the Association) under programs of the federal government for the year ended September 30, 2024. The information in the Schedule 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 portion of the operations of the Association, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Association.
Title: Other Information Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The Association has not elected to use the 10% de minimis indirect cost rate. Expenditures reported on the Schedule for the Disaster Grants – Public Assistance were related to fiscal years 2021 and 2022 but were approved by Federal Emergency Management Agency (FEMA) during fiscal year 2024. Therefore, the funds are reported on the Schedule at the time of approval.

Finding Details

Finding 2024-004
Information on the Federal Program: Federal Agency: U.S. Department of Homeland Security Program Name: Disaster Grants – Public Assistance AL: 97.036 Federal Award Year: Year Ended June 30, 2024 Specific Requirement: The cost principles in 2 CFR, Part 200, Subpart E (Cost Principles) are required for the administration of federal awards of Nonprofit organizations. Condition Found: During our audit, we noted the Association had charged the following expenditure to the grant that were deemed to be unallowable based on the Cost Principles: An hourly rate of $102 for 40 hours of contract labor totaling $4,080 whereas the cost incurred was an hourly rate of $89 for 40 hours of contract labor totaling $3,560. Context: We sampled 40 expense transactions under the Disaster Grants – Public Assistance and noted 1 transaction that was not consistent with the Cost Principles. Questioned Costs: $520 Cause and Effect: The Association was unaware of the Allowable Costs and Cost Principles requirements as it relates to expenditures charged to the grant. Identification as a Repeat Finding, if Applicable: N/A Recommendation: We recommend the Association implement a process to review all expenditures that are charged to the grant to verify that are allowable under the Federal Cost Principles. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan attached.
Finding 2024-004
Information on the Federal Program: Federal Agency: U.S. Department of Homeland Security Program Name: Disaster Grants – Public Assistance AL: 97.036 Federal Award Year: Year Ended June 30, 2024 Specific Requirement: The cost principles in 2 CFR, Part 200, Subpart E (Cost Principles) are required for the administration of federal awards of Nonprofit organizations. Condition Found: During our audit, we noted the Association had charged the following expenditure to the grant that were deemed to be unallowable based on the Cost Principles: An hourly rate of $102 for 40 hours of contract labor totaling $4,080 whereas the cost incurred was an hourly rate of $89 for 40 hours of contract labor totaling $3,560. Context: We sampled 40 expense transactions under the Disaster Grants – Public Assistance and noted 1 transaction that was not consistent with the Cost Principles. Questioned Costs: $520 Cause and Effect: The Association was unaware of the Allowable Costs and Cost Principles requirements as it relates to expenditures charged to the grant. Identification as a Repeat Finding, if Applicable: N/A Recommendation: We recommend the Association implement a process to review all expenditures that are charged to the grant to verify that are allowable under the Federal Cost Principles. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan attached.