FAC Explorer

Audit 359330

FY End
2024-04-30
Total Expended
$780,018
Findings
8
Programs
4
Organization: Northpoint Bible College (MA)
Year: 2024 Accepted: 2025-06-20
Auditor: Baker Tilly US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
565533 2024-001 Material Weakness - P
565534 2024-001 Material Weakness - P
565535 2024-001 Material Weakness - P
565536 2024-001 Material Weakness - P
1141975 2024-001 Material Weakness - P
1141976 2024-001 Material Weakness - P
1141977 2024-001 Material Weakness - P
1141978 2024-001 Material Weakness - P

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $465,888 Yes 1
84.063 Federal Pell Grant Program $288,220 Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $14,471 Yes 1
84.033 Federal Work-Study Program $11,439 Yes 1

Contacts

Name Title Type
G3KEX7AN3CY6 Dan Howell Auditee
9784783451 Matthew Kalil Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Northpoint Bible College (the College) under programs of the federal government for the year ended April 30, 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. 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 College 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 Northpoint Bible College (the College) under programs of the federal government for the year ended April 30, 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). 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: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Northpoint Bible College (the College) under programs of the federal government for the year ended April 30, 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. 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 College 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: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Northpoint Bible College (the College) under programs of the federal government for the year ended April 30, 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. 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 College has elected not to use the 10-percent de minimus indirect cost rate allowed under Uniform Guidance. The College has elected not to use the 10-percent de minimus indirect cost rate allowed under Uniform Guidance.

Finding Details

Finding 2024-001
Criteria: Nonfederal entities in receipt of federal funds must comply with the requirements of 2 CFR 200.303(a), which require an entity to establish and maintain effective internal control over the federal award to ensure compliance with federal statutes, regulations, and the terms and conditions of the federal award. This includes properly identifying all federal awards subject to the Uniform Guidance and fairly presenting the required information in the schedule of expenditures of federal awards (SEFA). Condition: It was noted that there was an omission of a federal grants with expenditures totaling $66,363 from the original schedule of expenditures of federal awards. Questioned Costs: None noted. Context: The College did not include $66,363 in federal grants on the original schedule of expenditures of federal awards. Effect: The Schedule of Expenditures of Federal Awards of was understated by $66,363, which resulted in an untimely audit of compliance with the types of compliance requirements described in the OMB Compliance Supplement in accordance with the Uniform Guidance. Cause: The College lacked proper internal controls to properly identify the grant funding as federal. Recommendation: The College should develop formally documented internal control procedures to outline a process to review the schedule of expenditures of federal awards for completeness. View of Responsible Officials and Planned Corrective Actions: The College agrees with the above recommendation and is committed to developing and implementing these new procedures.
Finding 2024-001
Criteria: Nonfederal entities in receipt of federal funds must comply with the requirements of 2 CFR 200.303(a), which require an entity to establish and maintain effective internal control over the federal award to ensure compliance with federal statutes, regulations, and the terms and conditions of the federal award. This includes properly identifying all federal awards subject to the Uniform Guidance and fairly presenting the required information in the schedule of expenditures of federal awards (SEFA). Condition: It was noted that there was an omission of a federal grants with expenditures totaling $66,363 from the original schedule of expenditures of federal awards. Questioned Costs: None noted. Context: The College did not include $66,363 in federal grants on the original schedule of expenditures of federal awards. Effect: The Schedule of Expenditures of Federal Awards of was understated by $66,363, which resulted in an untimely audit of compliance with the types of compliance requirements described in the OMB Compliance Supplement in accordance with the Uniform Guidance. Cause: The College lacked proper internal controls to properly identify the grant funding as federal. Recommendation: The College should develop formally documented internal control procedures to outline a process to review the schedule of expenditures of federal awards for completeness. View of Responsible Officials and Planned Corrective Actions: The College agrees with the above recommendation and is committed to developing and implementing these new procedures.
Finding 2024-001
Criteria: Nonfederal entities in receipt of federal funds must comply with the requirements of 2 CFR 200.303(a), which require an entity to establish and maintain effective internal control over the federal award to ensure compliance with federal statutes, regulations, and the terms and conditions of the federal award. This includes properly identifying all federal awards subject to the Uniform Guidance and fairly presenting the required information in the schedule of expenditures of federal awards (SEFA). Condition: It was noted that there was an omission of a federal grants with expenditures totaling $66,363 from the original schedule of expenditures of federal awards. Questioned Costs: None noted. Context: The College did not include $66,363 in federal grants on the original schedule of expenditures of federal awards. Effect: The Schedule of Expenditures of Federal Awards of was understated by $66,363, which resulted in an untimely audit of compliance with the types of compliance requirements described in the OMB Compliance Supplement in accordance with the Uniform Guidance. Cause: The College lacked proper internal controls to properly identify the grant funding as federal. Recommendation: The College should develop formally documented internal control procedures to outline a process to review the schedule of expenditures of federal awards for completeness. View of Responsible Officials and Planned Corrective Actions: The College agrees with the above recommendation and is committed to developing and implementing these new procedures.
Finding 2024-001
Criteria: Nonfederal entities in receipt of federal funds must comply with the requirements of 2 CFR 200.303(a), which require an entity to establish and maintain effective internal control over the federal award to ensure compliance with federal statutes, regulations, and the terms and conditions of the federal award. This includes properly identifying all federal awards subject to the Uniform Guidance and fairly presenting the required information in the schedule of expenditures of federal awards (SEFA). Condition: It was noted that there was an omission of a federal grants with expenditures totaling $66,363 from the original schedule of expenditures of federal awards. Questioned Costs: None noted. Context: The College did not include $66,363 in federal grants on the original schedule of expenditures of federal awards. Effect: The Schedule of Expenditures of Federal Awards of was understated by $66,363, which resulted in an untimely audit of compliance with the types of compliance requirements described in the OMB Compliance Supplement in accordance with the Uniform Guidance. Cause: The College lacked proper internal controls to properly identify the grant funding as federal. Recommendation: The College should develop formally documented internal control procedures to outline a process to review the schedule of expenditures of federal awards for completeness. View of Responsible Officials and Planned Corrective Actions: The College agrees with the above recommendation and is committed to developing and implementing these new procedures.
Finding 2024-001
Criteria: Nonfederal entities in receipt of federal funds must comply with the requirements of 2 CFR 200.303(a), which require an entity to establish and maintain effective internal control over the federal award to ensure compliance with federal statutes, regulations, and the terms and conditions of the federal award. This includes properly identifying all federal awards subject to the Uniform Guidance and fairly presenting the required information in the schedule of expenditures of federal awards (SEFA). Condition: It was noted that there was an omission of a federal grants with expenditures totaling $66,363 from the original schedule of expenditures of federal awards. Questioned Costs: None noted. Context: The College did not include $66,363 in federal grants on the original schedule of expenditures of federal awards. Effect: The Schedule of Expenditures of Federal Awards of was understated by $66,363, which resulted in an untimely audit of compliance with the types of compliance requirements described in the OMB Compliance Supplement in accordance with the Uniform Guidance. Cause: The College lacked proper internal controls to properly identify the grant funding as federal. Recommendation: The College should develop formally documented internal control procedures to outline a process to review the schedule of expenditures of federal awards for completeness. View of Responsible Officials and Planned Corrective Actions: The College agrees with the above recommendation and is committed to developing and implementing these new procedures.
Finding 2024-001
Criteria: Nonfederal entities in receipt of federal funds must comply with the requirements of 2 CFR 200.303(a), which require an entity to establish and maintain effective internal control over the federal award to ensure compliance with federal statutes, regulations, and the terms and conditions of the federal award. This includes properly identifying all federal awards subject to the Uniform Guidance and fairly presenting the required information in the schedule of expenditures of federal awards (SEFA). Condition: It was noted that there was an omission of a federal grants with expenditures totaling $66,363 from the original schedule of expenditures of federal awards. Questioned Costs: None noted. Context: The College did not include $66,363 in federal grants on the original schedule of expenditures of federal awards. Effect: The Schedule of Expenditures of Federal Awards of was understated by $66,363, which resulted in an untimely audit of compliance with the types of compliance requirements described in the OMB Compliance Supplement in accordance with the Uniform Guidance. Cause: The College lacked proper internal controls to properly identify the grant funding as federal. Recommendation: The College should develop formally documented internal control procedures to outline a process to review the schedule of expenditures of federal awards for completeness. View of Responsible Officials and Planned Corrective Actions: The College agrees with the above recommendation and is committed to developing and implementing these new procedures.
Finding 2024-001
Criteria: Nonfederal entities in receipt of federal funds must comply with the requirements of 2 CFR 200.303(a), which require an entity to establish and maintain effective internal control over the federal award to ensure compliance with federal statutes, regulations, and the terms and conditions of the federal award. This includes properly identifying all federal awards subject to the Uniform Guidance and fairly presenting the required information in the schedule of expenditures of federal awards (SEFA). Condition: It was noted that there was an omission of a federal grants with expenditures totaling $66,363 from the original schedule of expenditures of federal awards. Questioned Costs: None noted. Context: The College did not include $66,363 in federal grants on the original schedule of expenditures of federal awards. Effect: The Schedule of Expenditures of Federal Awards of was understated by $66,363, which resulted in an untimely audit of compliance with the types of compliance requirements described in the OMB Compliance Supplement in accordance with the Uniform Guidance. Cause: The College lacked proper internal controls to properly identify the grant funding as federal. Recommendation: The College should develop formally documented internal control procedures to outline a process to review the schedule of expenditures of federal awards for completeness. View of Responsible Officials and Planned Corrective Actions: The College agrees with the above recommendation and is committed to developing and implementing these new procedures.
Finding 2024-001
Criteria: Nonfederal entities in receipt of federal funds must comply with the requirements of 2 CFR 200.303(a), which require an entity to establish and maintain effective internal control over the federal award to ensure compliance with federal statutes, regulations, and the terms and conditions of the federal award. This includes properly identifying all federal awards subject to the Uniform Guidance and fairly presenting the required information in the schedule of expenditures of federal awards (SEFA). Condition: It was noted that there was an omission of a federal grants with expenditures totaling $66,363 from the original schedule of expenditures of federal awards. Questioned Costs: None noted. Context: The College did not include $66,363 in federal grants on the original schedule of expenditures of federal awards. Effect: The Schedule of Expenditures of Federal Awards of was understated by $66,363, which resulted in an untimely audit of compliance with the types of compliance requirements described in the OMB Compliance Supplement in accordance with the Uniform Guidance. Cause: The College lacked proper internal controls to properly identify the grant funding as federal. Recommendation: The College should develop formally documented internal control procedures to outline a process to review the schedule of expenditures of federal awards for completeness. View of Responsible Officials and Planned Corrective Actions: The College agrees with the above recommendation and is committed to developing and implementing these new procedures.