FAC Explorer

Audit 351755

FY End
2024-06-30
Total Expended
$866,789
Findings
4
Programs
2
Organization: YWCA of Quincy Il (IL)
Year: 2024 Accepted: 2025-03-31
Auditor: Gray Hunter Stenn LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
547575 2024-001 Significant Deficiency - P
547576 2024-001 Significant Deficiency - P
1124017 2024-001 Significant Deficiency - P
1124018 2024-001 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
14.267 Continuum of Care Program $566,779 Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $300,010 Yes 1

Contacts

Name Title Type
NAAEJKSHBL13 Erica L. Perry-Broekemeier Auditee
2172219922 Christina Robb, CPA Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. As a result, some expenditures presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: Y Rate Explanation: YWCA of Quincy IL has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of YWCA of Quincy IL under programs of the federal government for the year ended June 30, 2024. The information in this 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).
Title: FEDERAL INSURANCE AND LOANS Accounting Policies: Expenditures reported on the Schedule are reported using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. As a result, some expenditures presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: Y Rate Explanation: YWCA of Quincy IL has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024. During the year ended June 30, 2024, YWCA of Quincy IL did not receive any federal assistance from loans, loan guarantees, or insurance.
Title: SUBRECIPIENTS Accounting Policies: Expenditures reported on the Schedule are reported using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. As a result, some expenditures presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: Y Rate Explanation: YWCA of Quincy IL has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024. YWCA of Quincy IL did not disburse any federal funds to subrecipients for the year ended June 30, 2024.

Finding Details

Finding 2024-001
Condition - The Organization had a lack of segregation of duties during the year ended June 30, 2024. Criteria - Internal control procedures require that accounting functions should be segregated so that one person does not control more than one aspect of an accounting transaction. And when there are duties that are not segregated, compensating controls should be in place to overcome the risks related to a lack of segregation of duties. Cause -During the fiscal year, the Association had a limited number of staff and none whose job function is dedicated to the Association’s accounting functions. Effect - The Association could not maintain segregation of duties. Recommendation - When a lack of segregation of duties exists, management’s close supervision and review of accounting information are the best means of preventing or detecting errors and irregularities.
Finding 2024-001
Condition - The Organization had a lack of segregation of duties during the year ended June 30, 2024. Criteria - Internal control procedures require that accounting functions should be segregated so that one person does not control more than one aspect of an accounting transaction. And when there are duties that are not segregated, compensating controls should be in place to overcome the risks related to a lack of segregation of duties. Cause -During the fiscal year, the Association had a limited number of staff and none whose job function is dedicated to the Association’s accounting functions. Effect - The Association could not maintain segregation of duties. Recommendation - When a lack of segregation of duties exists, management’s close supervision and review of accounting information are the best means of preventing or detecting errors and irregularities.
Finding 2024-001
Condition - The Organization had a lack of segregation of duties during the year ended June 30, 2024. Criteria - Internal control procedures require that accounting functions should be segregated so that one person does not control more than one aspect of an accounting transaction. And when there are duties that are not segregated, compensating controls should be in place to overcome the risks related to a lack of segregation of duties. Cause -During the fiscal year, the Association had a limited number of staff and none whose job function is dedicated to the Association’s accounting functions. Effect - The Association could not maintain segregation of duties. Recommendation - When a lack of segregation of duties exists, management’s close supervision and review of accounting information are the best means of preventing or detecting errors and irregularities.
Finding 2024-001
Condition - The Organization had a lack of segregation of duties during the year ended June 30, 2024. Criteria - Internal control procedures require that accounting functions should be segregated so that one person does not control more than one aspect of an accounting transaction. And when there are duties that are not segregated, compensating controls should be in place to overcome the risks related to a lack of segregation of duties. Cause -During the fiscal year, the Association had a limited number of staff and none whose job function is dedicated to the Association’s accounting functions. Effect - The Association could not maintain segregation of duties. Recommendation - When a lack of segregation of duties exists, management’s close supervision and review of accounting information are the best means of preventing or detecting errors and irregularities.