FAC Explorer

Audit 350812

FY End
2024-06-30
Total Expended
$20.63M
Findings
2
Programs
12
Organization: Grand Street Settlement Senior (NY)
Year: 2024 Accepted: 2025-03-31
Auditor: Pkf O'Connor Davies LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
541997 2024-001 Significant Deficiency - L
1118439 2024-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants $1.10M Yes 1
93.575 Child Care and Development Block Grant $728,965 - 0
93.600 Head Start $562,790 Yes 0
10.558 Child and Adult Care Food Program $527,082 - 0
94.006 Americorps State and National 94.006 $282,956 - 0
93.569 Community Services Block Grant $181,519 - 0
93.045 Special Programs for the Aging, Title Iii, Part C, Nutrition Services $166,619 - 0
93.044 Special Programs for the Aging, Title Iii, Part B, Grants for Supportive Services and Senior Centers $75,884 - 0
93.667 Social Services Block Grant $49,182 - 0
84.425 Education Stabilization Fund $45,431 - 0
93.053 Nutrition Services Incentive Program $27,792 - 0
93.043 Special Programs for the Aging, Title Iii, Part D, Disease Prevention and Health Promotion Services $5,177 - 0

Contacts

Name Title Type
NHTKSD1ACDN6 Robert Cordero Auditee
6462014212 Steven J. Walters 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 Settlement has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying Schedule includes the federal award activity of Grand Street Settlement, Inc. (the “Settlement”) under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with Uniform Guidance. Because the Schedule presents only a selected portion of the operations of the Settlement, it is not intended to and does not represent the financial position, changes in net assets or cash flows of the Settlement.
Title: Non-Cash Awards 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 Settlement has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. For the year ended June 30, 2024, the Settlement did not have any non-cash awards, mortgage, or loan funds that should be included in the federal expenditures presented in this Schedule.
Title: Other Matter 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 Settlement has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Eligible expenditures under Federal Assistance Listing Number 14.251 incurred by the Settlement during the year ended June 30, 2023 and approved for payment by the U.S. Department of Housing and Urban Development (“HUD”) during the year ended June 30, 2024, are included in the Settlement’s 2024 Schedule of Expenditures of Federal Awards. The period of performance of the grant agreement allowed the Settlement to request reimbursement for expenses which occurred prior to the period of performance, which began during fiscal year 2024. Accordingly, total HUD federal expenditures for the year ended June 30, 2024 includes $1,083,999 of eligible expenditures incurred during the year ended June 30, 2023 and $16,001 of eligible expenditures incurred during the year ended June 30, 2024.

Finding Details

Finding 2024-001
Findings: 2024-001 – Financial reporting Agency: Department of Housing and Urban Development FAL Number: 14.251 Name of Federal Program or Cluster: Economic Development Initiative, Community Project Funding, and Other Grants Type of Finding: Significant Deficiency Criteria: The Settlement must submit a performance report on a semi-annual basis. The performance reports shall consist of a narrative of work accomplished during the reporting period. During the period of performance, which begins upon HUD signing the grant agreement, the Settlement must submit these reports no later than 30 calendar days after the end of the 6-month reporting period. The first of these reporting periods begins on the first of January or June (whichever occurs first) after the date the grant agreement is signed by HUD. Condition: The final semi-annual performance report filing was filed after the due date of the performance report. Cause: Procedures are in place to submit reporting required for grants but the performance report was filed after the due date. Effect: The Settlement did not comply with the contract provision of financial reporting. Context: A sample of one performance reports was selected for audit from a population of two. The test found that the performance report was filed after the due date established by the grant agreement. Recommendation: We recommend that the Settlement review the applicable due dates for all relevant financial reporting for the program and implement controls to assure that all reports are filed in a timely manner. Views of Responsible Officials: See Corrective Action Plan in Appendix A.
Finding 2024-001
Findings: 2024-001 – Financial reporting Agency: Department of Housing and Urban Development FAL Number: 14.251 Name of Federal Program or Cluster: Economic Development Initiative, Community Project Funding, and Other Grants Type of Finding: Significant Deficiency Criteria: The Settlement must submit a performance report on a semi-annual basis. The performance reports shall consist of a narrative of work accomplished during the reporting period. During the period of performance, which begins upon HUD signing the grant agreement, the Settlement must submit these reports no later than 30 calendar days after the end of the 6-month reporting period. The first of these reporting periods begins on the first of January or June (whichever occurs first) after the date the grant agreement is signed by HUD. Condition: The final semi-annual performance report filing was filed after the due date of the performance report. Cause: Procedures are in place to submit reporting required for grants but the performance report was filed after the due date. Effect: The Settlement did not comply with the contract provision of financial reporting. Context: A sample of one performance reports was selected for audit from a population of two. The test found that the performance report was filed after the due date established by the grant agreement. Recommendation: We recommend that the Settlement review the applicable due dates for all relevant financial reporting for the program and implement controls to assure that all reports are filed in a timely manner. Views of Responsible Officials: See Corrective Action Plan in Appendix A.