FAC Explorer

Audit 351776

FY End
2024-06-30
Total Expended
$4.36M
Findings
2
Programs
8
Organization: Manet Community Health Center, Inc. (MA)
Year: 2024 Accepted: 2025-03-31
Auditor: Forvis Mazars LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
547608 2024-001 Material Weakness - P
1124050 2024-001 Material Weakness - P

Programs

ALN Program Spent Major Findings
93.224 Health Center Program (community Health Centers, Migrant Health Centers, Health Care for the Homeless, and Public Housing Primary Care) $1.08M Yes 1
93.959 Block Grants for Prevention and Treatment of Substance Abuse $932,799 - 0
93.788 Opioid Str $106,964 - 0
93.493 Community Project Funding/congressionally Directed Spending - Construction $106,334 - 0
93.279 Drug Abuse and Addiction Research Programs $73,725 - 0
93.526 Grants for Capital Development in Health Centers $72,169 - 0
93.527 Grants for New and Expanded Services Under the Health Center Program $42,125 Yes 0
14.218 Community Development Block Grants/entitlement Grants $27,347 - 0

Contacts

Name Title Type
KMMCFD3M5MT5 Marc Conroy Auditee
6173763000 Nicholas C. Rivera, Cpa, Fhfma, Csaf Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Health Center 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). Because the Schedule presents only a selected portion of the operations of the Health Center, it is not intended to and does not present the balance sheet, changes in net assets, or cash flows of the Health Center. De Minimis Rate Used: N Rate Explanation: 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Health Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The federal loan program listed subsequently is administered directly by the Health Center, and balance and transactions relating to this program are included in the Health Center’s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2024 consist of: Community Development Block Grants/Entitlement Grants - 14.218 Loan Guarantees - $8,084

Finding Details

Finding 2024-001
Criteria or specific requirement: Management is responsible for establishing and maintaining effective internal controls over financial reporting. Condition: The audit of the financial statements identified adjustments to the current year financial statements that were considered to be material. Cause: Receivables that were unknown as of the year end date but were relevant to the fiscal year were received after year end. The year end balances were not updated to reflect these new receipts. Effect: Audit procedures identified improper recording of receivables and related revenues. The financial statements and related notes to the financial statements could be significantly misstated. Recommendation: We recommend that management review its process for the preparation of financial statements and evaluation of transactions in accordance with generally accepted accounting principles. Views of responsible officials and planned corrective actions: Management will consider their preparation and review procedures for proper recording of balances going forward.
Finding 2024-001
Criteria or specific requirement: Management is responsible for establishing and maintaining effective internal controls over financial reporting. Condition: The audit of the financial statements identified adjustments to the current year financial statements that were considered to be material. Cause: Receivables that were unknown as of the year end date but were relevant to the fiscal year were received after year end. The year end balances were not updated to reflect these new receipts. Effect: Audit procedures identified improper recording of receivables and related revenues. The financial statements and related notes to the financial statements could be significantly misstated. Recommendation: We recommend that management review its process for the preparation of financial statements and evaluation of transactions in accordance with generally accepted accounting principles. Views of responsible officials and planned corrective actions: Management will consider their preparation and review procedures for proper recording of balances going forward.