FAC Explorer

Audit 356418

FY End
2024-12-31
Total Expended
$1.40M
Findings
2
Programs
1
Organization: Harper County Community Foundation (KS)
Year: 2024 Accepted: 2025-05-15
Auditor: Adamsbrown LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
560498 2024-003 Significant Deficiency Yes I
1136940 2024-003 Significant Deficiency Yes I

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.40M Yes 1

Contacts

Name Title Type
NWPYACQRJJP5 Kevin Alexander Auditee
6208422711 Danielle Hollingshead Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the schedule are presented in accordance with generally accepted accounting principles. Such expenditures are recognized following the cost principles contained in the Uniform Guidance cost principles, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Harper County Community Foundation under programs of the federal government for the year ended December 31, 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), Audits of States, Local Governments, and Non- Profit Organizations. Because the schedule presents only a selected portion of the operations of the Foundation, it is not intended to and does not present the net assets, change in net assets, and cash flows of the Foundation.
Title: Other Expenditures Accounting Policies: Expenditures reported on the schedule are presented in accordance with generally accepted accounting principles. Such expenditures are recognized following the cost principles contained in the Uniform Guidance cost principles, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Foundation did not receive any federal awards in the form of noncash assistance, insurance, loans, or loan guarantees and incurred no expenditures in relation thereof for the year ended December 31, 2024.

Finding Details

Finding 2024-003
SIGNIFICANT DEFICIENCY 2024-003 – Coronavirus State and Local Fiscal Recovery Funds – Procurement, Suspension, and Debarment Criteria or specific requirement Entities are required to have written policies, procedures, and standards of conduct per 2 CFR 200, Subparts D and E. Condition During inquiry of Foundation management, it was determined that the Foundation did not have the required written policies. Context Although the Foundation operates based on procedures and controls that were sufficient to prevent any known noncompliance, those procedures and controls should be turned into a formal policy. Cause The Foundation has not received large amounts of federal funding in the past, and, as a result, was not aware of the requirement. Effect The Foundation’s informal procedures were not documented as a written policy. Recommendation We recommend that the Foundation’s written policies be updated to properly reflect all requirements. Views of responsible officials See Corrective Action Plan.
Finding 2024-003
SIGNIFICANT DEFICIENCY 2024-003 – Coronavirus State and Local Fiscal Recovery Funds – Procurement, Suspension, and Debarment Criteria or specific requirement Entities are required to have written policies, procedures, and standards of conduct per 2 CFR 200, Subparts D and E. Condition During inquiry of Foundation management, it was determined that the Foundation did not have the required written policies. Context Although the Foundation operates based on procedures and controls that were sufficient to prevent any known noncompliance, those procedures and controls should be turned into a formal policy. Cause The Foundation has not received large amounts of federal funding in the past, and, as a result, was not aware of the requirement. Effect The Foundation’s informal procedures were not documented as a written policy. Recommendation We recommend that the Foundation’s written policies be updated to properly reflect all requirements. Views of responsible officials See Corrective Action Plan.