FAC Explorer

Audit 345095

FY End
2023-06-30
Total Expended
$4.34M
Findings
2
Programs
4
Organization: Dsi Diversified Solutions, Inc. (IN)
Year: 2023 Accepted: 2025-03-06
Auditor: Blue & CO LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
525920 2023-002 - Yes L
1102362 2023-002 - Yes L

Programs

ALN Program Spent Major Findings
20.509 Formula Grants for Rural Areas and Tribal Transit Program $2.53M Yes 1
93.600 Head Start $1.70M - 0
10.558 Child and Adult Care Food Program $59,865 - 0
14.218 Community Development Block Grants/entitlement Grants $47,829 - 0

Contacts

Name Title Type
E5ZLX32DU9D8 Shannon Collins Auditee
8123769404 Alan Parks Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the SEFA 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. The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The de minimis cost rate was not used. The accompanying schedule of expenditures of federal awards (SEFA) for 2023 includes the federal grant activity of DSI Diversified Solutions, Inc. (the Corporation) and is presented on the accrual basis of accounting. The information in the SEFA 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). The basic consolidated financial statement classifications may include other financial activity for reporting purposes. Therefore, some of the amounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Title: SUBRECIPIENT PASS-THROUGH Accounting Policies: Expenditures reported on the SEFA 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. The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The de minimis cost rate was not used. No entities received pass-through federal awards from the Corporation during 2023.

Finding Details

Finding 2023-002
Section III - Findings and questioned costs relating to Federal awards: 2023-002 – Submission of single audit reporting package. Criteria – The single audit reporting package is due to the Federal Audit Clearinghouse within nine months after year end. Condition – The single audit reporting package was not submitted within this timeframe. Questioned costs - $-0- Context – Single audit requirements direct the grant recipient to comply with the filing requisites. Effect - The single audit reporting package was not submitted to the Federal Audit Clearinghouse within the timeframe which resulted in an instance of noncompliance. Cause – Due to delays in completing the financial statement audit related to the acquisition of other not-for-profit entities by the Corporation, changes in financial reporting general ledger packages, and resource limitations created by the labor market, the single audit reporting package was not submitted to the Federal Audit Clearinghouse within the timeframe. Recommendation – We recommend the Corporation file the single audit reporting package with the Federal Audit Clearinghouse. Views of Responsible Officials and Planned Corrective Actions – Management understands the due date for single audit reporting package submission to the Federal Audit Clearinghouse and will file the single audit reporting package as soon as possible.
Finding 2023-002
Section III - Findings and questioned costs relating to Federal awards: 2023-002 – Submission of single audit reporting package. Criteria – The single audit reporting package is due to the Federal Audit Clearinghouse within nine months after year end. Condition – The single audit reporting package was not submitted within this timeframe. Questioned costs - $-0- Context – Single audit requirements direct the grant recipient to comply with the filing requisites. Effect - The single audit reporting package was not submitted to the Federal Audit Clearinghouse within the timeframe which resulted in an instance of noncompliance. Cause – Due to delays in completing the financial statement audit related to the acquisition of other not-for-profit entities by the Corporation, changes in financial reporting general ledger packages, and resource limitations created by the labor market, the single audit reporting package was not submitted to the Federal Audit Clearinghouse within the timeframe. Recommendation – We recommend the Corporation file the single audit reporting package with the Federal Audit Clearinghouse. Views of Responsible Officials and Planned Corrective Actions – Management understands the due date for single audit reporting package submission to the Federal Audit Clearinghouse and will file the single audit reporting package as soon as possible.