FAC Explorer

Audit 351112

FY End
2024-06-30
Total Expended
$2.83M
Findings
2
Programs
1
Organization: Delaware Community Foundation INC (DE)
Year: 2024 Accepted: 2025-03-31
Auditor: Gunnip & Company LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
544442 2024-001 Significant Deficiency - B
1120884 2024-001 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.83M - 1

Contacts

Name Title Type
UQ1NNDTJMJD4 Joyce Darling Auditee
3025045251 Katherine Silicato Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.

Finding Details

Finding 2024-001
The organization did not comply with the specific requirements of Federal Regulations in respect to charging 2 direct charges to the Federal grant out of a sample of 41 expenditures tested which amounted to $ 663,184. Accordingly, known questioned costs of $ 3,565 were overcharged from the total of $ 1,784,857 expended for the program for the year ended June 30, 2024.
Finding 2024-001
The organization did not comply with the specific requirements of Federal Regulations in respect to charging 2 direct charges to the Federal grant out of a sample of 41 expenditures tested which amounted to $ 663,184. Accordingly, known questioned costs of $ 3,565 were overcharged from the total of $ 1,784,857 expended for the program for the year ended June 30, 2024.