FAC Explorer

Audit 342076

FY End
2024-03-31
Total Expended
$2.16M
Findings
4
Programs
5
Organization: The Project of the Quad Cities, Inc. (IL)
Year: 2024 Accepted: 2025-02-11
Auditor: Anderson Lower Whitlow PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
522704 2024-001 Significant Deficiency - ABCEGJM
522705 2024-001 Significant Deficiency - ABCEGJM
1099146 2024-001 Significant Deficiency - ABCEGJM
1099147 2024-001 Significant Deficiency - ABCEGJM

Programs

ALN Program Spent Major Findings
93.917 Hiv Care Formula Grants $1.52M Yes 1
93.940 Federal Comprehensive Hiv Prevention Project for Health Departments $85,867 - 0
16.575 Crime Victim Assistance $44,308 - 0
93.136 Injury Prevention and Control Research and State and Community Based Programs $41,079 - 0
14.241 Housing Opportunities for Persons with Aids $25,418 - 0

Contacts

Name Title Type
D1BEGNRECK79 Mariela Trevino Auditee
3095812018 Matt Brumfield Auditor
No contacts on file

Notes to SEFA

Title: NOTE A - 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 IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. De Minimis Rate Used: Y Rate Explanation: 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 FEDERAL GOVERNMENT FOR THE YEAR ENDED MARCH 31, 2024. 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). BECAUSE THE SCHEDULE REPRESENTS ONLY A SELECTED PORTION OF THE OPERATIONS OF THE ORGANIZATION, IT IS NOT INTENDED TO AND DOES NOT PRESENT THE COMBINED FINANCIAL POSITION, CHANGES IN NET ASSETS OR CASH FLOWS OF THE ORGANIZATION.
Title: NOTE B- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. De Minimis Rate Used: Y Rate Explanation: 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 IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
Title: NOTE C - INDIRECT COST RATE Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. De Minimis Rate Used: Y Rate Explanation: THE ORGANIZATION HAS ELECTED TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE. THE ORGANIZATION HAS ELECTED TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
Title: NOTE D - SUBRECIPIENTS Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. De Minimis Rate Used: Y Rate Explanation: THE ORGANIZATION HAS ELECTED TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE. THE ORGANIZATION PROVIDES GRANT FUNDS TO VARIOUS SUBRECIPIENTS IN THE STATE OF ILLINOIS AND STATE OF IOWA. FEDERAL FINANCIAL ASSISTANCE PROVIDED TO A SUBRECIPIENT IS TREATED AS AN EXPENDITURE WHEN IT IS PAID TO THE SUBRECIPIENT. THE ORGANIZATION HAS CERTAIN COMPLIANCE RESPONSIBILITIES WITH RESPECT TO ITS SUBRECIPIENTS, INCLUDING MONITORING THE SUBRECIPIENTS TO HELP ENSURE THEY USE THE SUB-AWARDS AS AUTHORIZED BY LAW, REGULATIONS, AND THE PROVISIONS OF THE GRANT AGREEMENTS.
Title: NOTE E - INSURANCE AND LOAN GUARANTEES Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. De Minimis Rate Used: Y Rate Explanation: THE ORGANIZATION HAS ELECTED TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE. THE ORGANIZATION HAD NO INSURANCE IN EFFECT, RELATING TO FEDERAL FUNDS, FOR THE YEAR ENDING MARCH 31, 2024. THE ORGANIZATION HAD NO LOANS OR LOAN GUARANTEES, RELATING TO FEDERAL FUNDS, OUTSTANDING AT MARCH 31, 2024.

Finding Details

Finding 2024-001
2024-001 Finding: The Organization has insufficient procedures and controls related to their financial statement year-end close process. Criteria: A properly designed system of internal control over financial reporting requires entities to initiate, authorize, record, process, and report financial data reliably in accordance with U.S. generally accepted accounting principles. Condition and context: During the March 31, 2024 audit, there were several year-end account balances that were materially inaccurate and required adjustments. Cause: Due to management turnover and other complexities at year-end, the processes and reconciliations required to provide accurate year-end balances were not performed. Effect: The Organization's year-end account balances required adjustments in order to be materially accurate in accordance with U.S. generally accepted accounting principles. Identification as a Repeat Findings: This is not a repeat finding. Recommendation: We recommend that the Organization develop and maintain effective procedures and controls in order to provide accurate year-end account balances. Response and Corrective Action Planned: The Organization will review and implement processes and controls to ensure they provide accurate year-end account balances. Conclusion: Response accepted.
Finding 2024-001
2024-001 Finding: The Organization has insufficient procedures and controls related to their financial statement year-end close process. Criteria: A properly designed system of internal control over financial reporting requires entities to initiate, authorize, record, process, and report financial data reliably in accordance with U.S. generally accepted accounting principles. Condition and context: During the March 31, 2024 audit, there were several year-end account balances that were materially inaccurate and required adjustments. Cause: Due to management turnover and other complexities at year-end, the processes and reconciliations required to provide accurate year-end balances were not performed. Effect: The Organization's year-end account balances required adjustments in order to be materially accurate in accordance with U.S. generally accepted accounting principles. Identification as a Repeat Findings: This is not a repeat finding. Recommendation: We recommend that the Organization develop and maintain effective procedures and controls in order to provide accurate year-end account balances. Response and Corrective Action Planned: The Organization will review and implement processes and controls to ensure they provide accurate year-end account balances. Conclusion: Response accepted.
Finding 2024-001
2024-001 Finding: The Organization has insufficient procedures and controls related to their financial statement year-end close process. Criteria: A properly designed system of internal control over financial reporting requires entities to initiate, authorize, record, process, and report financial data reliably in accordance with U.S. generally accepted accounting principles. Condition and context: During the March 31, 2024 audit, there were several year-end account balances that were materially inaccurate and required adjustments. Cause: Due to management turnover and other complexities at year-end, the processes and reconciliations required to provide accurate year-end balances were not performed. Effect: The Organization's year-end account balances required adjustments in order to be materially accurate in accordance with U.S. generally accepted accounting principles. Identification as a Repeat Findings: This is not a repeat finding. Recommendation: We recommend that the Organization develop and maintain effective procedures and controls in order to provide accurate year-end account balances. Response and Corrective Action Planned: The Organization will review and implement processes and controls to ensure they provide accurate year-end account balances. Conclusion: Response accepted.
Finding 2024-001
2024-001 Finding: The Organization has insufficient procedures and controls related to their financial statement year-end close process. Criteria: A properly designed system of internal control over financial reporting requires entities to initiate, authorize, record, process, and report financial data reliably in accordance with U.S. generally accepted accounting principles. Condition and context: During the March 31, 2024 audit, there were several year-end account balances that were materially inaccurate and required adjustments. Cause: Due to management turnover and other complexities at year-end, the processes and reconciliations required to provide accurate year-end balances were not performed. Effect: The Organization's year-end account balances required adjustments in order to be materially accurate in accordance with U.S. generally accepted accounting principles. Identification as a Repeat Findings: This is not a repeat finding. Recommendation: We recommend that the Organization develop and maintain effective procedures and controls in order to provide accurate year-end account balances. Response and Corrective Action Planned: The Organization will review and implement processes and controls to ensure they provide accurate year-end account balances. Conclusion: Response accepted.