FAC Explorer

Audit 356722

FY End
2024-06-30
Total Expended
$976,980
Findings
2
Programs
3
Organization: Sycamore Rehabilitation Services/ Hendricks County Arc, Inc. (IN)
Year: 2024 Accepted: 2025-05-20
Auditor: Blue and CO LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
561091 2024-001 Significant Deficiency - P
1137533 2024-001 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $397,831 Yes 0
20.509 Formula Grants for Rural Areas and Tribal Transit Program $302,976 - 0
20.507 Federal Transit_formula Grants $276,173 Yes 1

Contacts

Name Title Type
ZGS2Z65HHND9 Yolanda Kincaid Auditee
3179737170 Peter Szostak Auditor
No contacts on file

Notes to SEFA

Title: 1. BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the SEFA 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. The Center has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: Rate utilized where applicable. The accompanying schedule of expenditures of federal awards (SEFA) includes the federal awardactivity of Sycamore Rehabilitation Services / Hendricks County ARC, Inc. dba Sycamore Services, Inc. (Sycamore Services) under programs of the federal government for the year ended June 30, 2024.The information in the SEFA is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Therefore, some of the amounts presented in the SEFA may differ from amounts presented in or used in the preparation of the basic consolidated financial statements. The basic consolidated financial statement classifications may include other financial activity for reporting purposes.
Title: 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expenditures reported on the SEFA 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. The Center has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: Rate utilized where applicable. Expenditures reported on the SEFA 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. The Center has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: 3. SUBRECIPIENT PASS-THROUGH Accounting Policies: Expenditures reported on the SEFA 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. The Center has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: Rate utilized where applicable. Sycamore Services did not pass through any federal awards to subrecipients during 2024.
Title: 4. FAIR MARKET VALUE OF DONATED PERSONAL PROTECTED EQUIPMENT (UNAUDITED) Accounting Policies: Expenditures reported on the SEFA 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. The Center has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: Rate utilized where applicable. During 2024, Sycamore Services did not receive donated personal protective equipment from federal sources.

Finding Details

Finding 2024-001
2024-001 Significant deficiency related to preparation of the schedule of federal awards Criteria: Recipients of federal awards must prepare an accurate and complete Schedule of Expenditures of Federal Awards (SEFA) in accordance with Uniform Guidance (§200.510). Effective internal controls should ensure the accuracy of this schedule. Condition: The SEFA initially provided contained errors, including unreported assistance listing numbers, misclassification of amounts between federal and state grant totals, and discrepancies in reported amounts. Context: The SEFA is a critical component of federal compliance, providing transparency and accountability for the use of federal funds. Errors can result in noncompliance, delays, or audit findings. Effect: Inaccuracies in the SEFA increase the risk of regulatory scrutiny and inefficiencies in the Single Audit process. Cause: There is not a formal process for reconciling federal expenditures to the general ledger and reviewing SEFA details for accuracy. Recommendation: We recommend implementing a documented SEFA preparation process, assigning a reviewer to ensure accuracy, and providing staff training on Uniform Guidance standards. A checklist or similar tool could enhance consistency and completeness. Views of Responsible Officials: Management agrees with the recommendation and will take necessary steps to address the issue. These steps include developing a formal SEFA preparation process, reconciling federal expenditures to the general ledger, training staff on Uniform Guidance requirements, and instituting a review process to ensure accuracy. Management anticipates implementing these corrective actions prior to the next audit cycle.
Finding 2024-001
2024-001 Significant deficiency related to preparation of the schedule of federal awards Criteria: Recipients of federal awards must prepare an accurate and complete Schedule of Expenditures of Federal Awards (SEFA) in accordance with Uniform Guidance (§200.510). Effective internal controls should ensure the accuracy of this schedule. Condition: The SEFA initially provided contained errors, including unreported assistance listing numbers, misclassification of amounts between federal and state grant totals, and discrepancies in reported amounts. Context: The SEFA is a critical component of federal compliance, providing transparency and accountability for the use of federal funds. Errors can result in noncompliance, delays, or audit findings. Effect: Inaccuracies in the SEFA increase the risk of regulatory scrutiny and inefficiencies in the Single Audit process. Cause: There is not a formal process for reconciling federal expenditures to the general ledger and reviewing SEFA details for accuracy. Recommendation: We recommend implementing a documented SEFA preparation process, assigning a reviewer to ensure accuracy, and providing staff training on Uniform Guidance standards. A checklist or similar tool could enhance consistency and completeness. Views of Responsible Officials: Management agrees with the recommendation and will take necessary steps to address the issue. These steps include developing a formal SEFA preparation process, reconciling federal expenditures to the general ledger, training staff on Uniform Guidance requirements, and instituting a review process to ensure accuracy. Management anticipates implementing these corrective actions prior to the next audit cycle.