FAC Explorer

Audit 356717

FY End
2022-09-30
Total Expended
$1.15M
Findings
2
Programs
1
Organization: Independent Resources, Inc. (DE)
Year: 2022 Accepted: 2025-05-20
Auditor: Barbacane Thornton & Company

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
561090 2022-002 Significant Deficiency Yes L
1137532 2022-002 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
93.432 Acl Centers for Independent Living $1.15M Yes 1

Contacts

Name Title Type
WCMALGNXQ743 Lillian Harrison Auditee
3027650191 Edmund Fosu-Laryea Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF ACCOUNTING Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined
Title: FEDERAL EXPENDITURES Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year.
Title: INDIRECT COST RATES Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization did not use the federal de minimis indirect cost rate of 10% on their federal grants for the year ended September 30, 2022

Finding Details

Finding 2022-002
Condition During our current year audit, we noted that the Organization did not submit its fiscal year 2022 single audit report to the Federal Audit Clearinghouse within nine months of its fiscal year-end. Criteria The Organization is required to undergo and complete the Data Collection Form in connection with its single audit within 30 days after receipt of the auditor’s report or nine months of its fiscal year-end, whichever comes first. Cause The Organization did not have procedures in place to have their financial records ready for audit within 9 months. Effect of Condition The filing deadline for the September 30, 2022 single audit was not met. Recommendation The Organization should develop procedures to ensure the timely filing of its single audit report to the Federal Audit Clearinghouse.
Finding 2022-002
Condition During our current year audit, we noted that the Organization did not submit its fiscal year 2022 single audit report to the Federal Audit Clearinghouse within nine months of its fiscal year-end. Criteria The Organization is required to undergo and complete the Data Collection Form in connection with its single audit within 30 days after receipt of the auditor’s report or nine months of its fiscal year-end, whichever comes first. Cause The Organization did not have procedures in place to have their financial records ready for audit within 9 months. Effect of Condition The filing deadline for the September 30, 2022 single audit was not met. Recommendation The Organization should develop procedures to ensure the timely filing of its single audit report to the Federal Audit Clearinghouse.