FAC Explorer

Audit 356604

FY End
2024-06-30
Total Expended
$1.08M
Findings
2
Programs
1
Organization: Healthquarters, Inc. D/b/a Healthq (MA)
Year: 2024 Accepted: 2025-05-19
Auditor: Baker Tilly US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
560846 2024-001 Material Weakness - P
1137288 2024-001 Material Weakness - P

Programs

ALN Program Spent Major Findings
93.217 Family Planning Services $1.08M Yes 1

Contacts

Name Title Type
EENFZYN3Y6P4 Kristie Monast Auditee
9789279824 Mike Wegner Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10-percent de minimus indirect cost rate allowed under Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of HealthQuarters, Inc. d/b/a HealthQ (the Organization) 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Summary of Significant Accounting Policies 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10-percent de minimus indirect cost rate allowed under Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
Title: Indirect Costs 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10-percent de minimus indirect cost rate allowed under Uniform Guidance. The Organization has elected not to use the 10-percent de minimus indirect cost rate allowed under Uniform Guidance.

Finding Details

Finding 2024-001
Condition: A material audit adjustments was required to present the financial statements in accordance with accounting principles generally accepted in the United States of America. Criteria: An effective system of intenal controls allows management or employees or outsourced consultants, in the normal course of performing their assigned functions, to prevent, detect and correct misstatements on a timely basis. Effect: A significant adjustment that was material in relation to the financial statements was not detected and recorded on a timely basis. Cause: Timely reconciliation of certain general ledger accounts was not performed by management. As a result, a material adjustment was required to be made to the Organization's financial statement accounts. Recommendation: We recommend the Organization review its policies and procedures to ensure that all account balances and transactions are periodically reviewed for proper treatment in accordance with accounting principles generally accepted in the United States of America. View of Responsible Officials and Planned Corrective Actions: See management's attached corrective action plan.
Finding 2024-001
Condition: A material audit adjustments was required to present the financial statements in accordance with accounting principles generally accepted in the United States of America. Criteria: An effective system of intenal controls allows management or employees or outsourced consultants, in the normal course of performing their assigned functions, to prevent, detect and correct misstatements on a timely basis. Effect: A significant adjustment that was material in relation to the financial statements was not detected and recorded on a timely basis. Cause: Timely reconciliation of certain general ledger accounts was not performed by management. As a result, a material adjustment was required to be made to the Organization's financial statement accounts. Recommendation: We recommend the Organization review its policies and procedures to ensure that all account balances and transactions are periodically reviewed for proper treatment in accordance with accounting principles generally accepted in the United States of America. View of Responsible Officials and Planned Corrective Actions: See management's attached corrective action plan.