FAC Explorer

Audit 354483

FY End
2023-06-30
Total Expended
$1.80M
Findings
2
Programs
1
Organization: Improve Your Tomorrow (CA)
Year: 2023 Accepted: 2025-04-24
Auditor: Richardson & Company LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
555797 2023-003 Significant Deficiency - L
1132239 2023-003 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
94.006 Americorps State and National 94.006 $1.80M Yes 1

Contacts

Name Title Type
Z7VNDQPCV887 MacArena O'Brien Auditee
9162450962 Ingrid Sheipline Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenses are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization elected to not use the 10% de minimis indirect cost rate as covered in 2 CFR §200.414. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Improve Your Tomorrow (IYT) under programs of the federal government for the year ended June 30, 2023. 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 IYT’s operations, it is not intended to be and does not present the financial position, changes in net position, or cash flows of IYT. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Subrecipients Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenses are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization elected to not use the 10% de minimis indirect cost rate as covered in 2 CFR §200.414. There were no subrecipients of IYT’s programs during the year ended June 30, 2023.
Title: Noncash Awards Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenses are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization elected to not use the 10% de minimis indirect cost rate as covered in 2 CFR §200.414. No noncash awards existed in the current year.

Finding Details

Finding 2023-003
Finding 2023-003 – Significant Deficiency – Late Submission of Single Audit Federal Grantor: Corporation for National and Community Service Passed-through: Office of Planning Research California Volunteers Pass-through Grantor’s No.: 21ACIY29-C192 Compliance Requirement: Reporting Condition: IYT submitted its Audited Financial Statements and Single Audit Report to the federal clearinghouse in November 2024, eight months after it was due. Criteria: IYT was required to submit its Audited Financial Statements and Single Audit Report to the federal audit clearinghouse no later than March 31, 2024, nine months after the fiscal year-end (2 Code of Federal Regulations §200.512). Effect: Federal awarding agencies may deny future federal awards or subject IYT to additional cash monitoring requirements. This finding was not a result of internal control over individual federal programs and, accordingly, did not have a direct and material effect on the reporting requirements over IYT’s major federal programs. Cause: IYT did not to prepare its Audited Financial Statements and Schedule of Expenditures of Federal Awards in a timely manner due to turnover in personnel. Recommendation: IYT needs to ensure that it can close its books and submit its Audited Financial Statements and Single Audit Report to the federal audit clearinghouse no later than the statutory reporting deadline. Management’s Response: Management concurs with the finding and is working on developing a process for ensuring that audits can be completed more timely.
Finding 2023-003
Finding 2023-003 – Significant Deficiency – Late Submission of Single Audit Federal Grantor: Corporation for National and Community Service Passed-through: Office of Planning Research California Volunteers Pass-through Grantor’s No.: 21ACIY29-C192 Compliance Requirement: Reporting Condition: IYT submitted its Audited Financial Statements and Single Audit Report to the federal clearinghouse in November 2024, eight months after it was due. Criteria: IYT was required to submit its Audited Financial Statements and Single Audit Report to the federal audit clearinghouse no later than March 31, 2024, nine months after the fiscal year-end (2 Code of Federal Regulations §200.512). Effect: Federal awarding agencies may deny future federal awards or subject IYT to additional cash monitoring requirements. This finding was not a result of internal control over individual federal programs and, accordingly, did not have a direct and material effect on the reporting requirements over IYT’s major federal programs. Cause: IYT did not to prepare its Audited Financial Statements and Schedule of Expenditures of Federal Awards in a timely manner due to turnover in personnel. Recommendation: IYT needs to ensure that it can close its books and submit its Audited Financial Statements and Single Audit Report to the federal audit clearinghouse no later than the statutory reporting deadline. Management’s Response: Management concurs with the finding and is working on developing a process for ensuring that audits can be completed more timely.