FAC Explorer

Audit 352193

FY End
2024-06-30
Total Expended
$10.98M
Findings
2
Programs
13
Organization: Seda Council of Governments (PA)
Year: 2024 Accepted: 2025-04-01
Auditor: Larson Kellett & Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
553612 2024-003 Material Weakness - N
1130054 2024-003 Material Weakness - N

Programs

ALN Program Spent Major Findings
11.307 Economic Adjustment Assistance $5.44M Yes 1
93.568 Low-Income Home Energy Assistance $1.54M - 0
81.042 Weatherization Assistance for Low-Income Persons $644,938 - 0
23.011 Appalachian Research, Technical Assistance, and Demonstration Projects $633,878 - 0
10.767 Intermediary Relending Program $327,038 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $167,350 - 0
23.002 Appalachian Area Development $80,944 - 0
23.009 Appalachian Local Development District Assistance $66,751 - 0
12.002 Procurement Technical Assistance for Business Firms $59,499 Yes 0
20.205 Highway Planning and Construction $34,996 Yes 0
66.818 Brownfields Multipurpose, Assessment, Revolving Loan Fund, and Cleanup Cooperative Agreements $6,790 - 0
23.001 Appalachian Regional Development (see Individual Appalachian Programs) $5,802 - 0
11.302 Economic Development Support for Planning Organizations $2,465 - 0

Contacts

Name Title Type
C3GJY7S3L3H9 Jamie Carnes Auditee
5705244491 Thomas P. McMahon Auditor
No contacts on file

Notes to SEFA

Title: Loan/Loan Guarantee Outstanding Balances 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. Federal receipts are reported on the cash basis of accounting as requested by Pennsylvania state agencies. De Minimis Rate Used: N Rate Explanation: The Council has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance. ECONOMIC ADJUSTMENT ASSISTANCE (11.307) - Balances outstanding at the end of the audit period were $4,757,850. APPALACHIAN RESEARCH, AND TECHNICAL ASSISTANCE PROJECTS (23.011) - Balances outstanding at the end of the audit period were $550,616. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were $292,752.

Finding Details

Finding 2024-003
COVID-19-Economic Development Administration- CARES RLF - Assistance Listing No. 11.307, Grant period - Year ended June 30, 2024. See finding 2024-002 - listed below. ALLOWANCE FOR UNCOLLECTIBLE LOANS Criteria: GAAP requires loan receivables be evaluated for collectability and record an allowance as required. Condition: A loan receivable was determined to be uncollectible but no allowance was recorded. Cause: Loan evaluations were completed by management and a loan was determined to be uncollectible. The fiscal department was not informed to record an allowance. Effect: Allowance for uncollectible loans was understated and bad debt expense was understated. Questioned Costs: None .Perspective Information: Not applicable. Identification of Repeat Findings: Not applicable.
Finding 2024-003
COVID-19-Economic Development Administration- CARES RLF - Assistance Listing No. 11.307, Grant period - Year ended June 30, 2024. See finding 2024-002 - listed below. ALLOWANCE FOR UNCOLLECTIBLE LOANS Criteria: GAAP requires loan receivables be evaluated for collectability and record an allowance as required. Condition: A loan receivable was determined to be uncollectible but no allowance was recorded. Cause: Loan evaluations were completed by management and a loan was determined to be uncollectible. The fiscal department was not informed to record an allowance. Effect: Allowance for uncollectible loans was understated and bad debt expense was understated. Questioned Costs: None .Perspective Information: Not applicable. Identification of Repeat Findings: Not applicable.