FAC Explorer

Audit 359955

FY End
2024-06-30
Total Expended
$12.81M
Findings
64
Programs
17
Organization: Friendship Community Care, Inc. (AR)
Year: 2024 Accepted: 2025-06-25
Auditor: Landmark Plc Certified Public Accountants

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
567058 2024-001 Material Weakness Yes P
567059 2024-001 Material Weakness Yes P
567060 2024-001 Material Weakness Yes P
567061 2024-001 Material Weakness Yes P
567062 2024-001 Material Weakness Yes P
567063 2024-001 Material Weakness Yes P
567064 2024-001 Material Weakness Yes P
567065 2024-001 Material Weakness Yes P
567066 2024-002 Material Weakness - P
567067 2024-002 Material Weakness - P
567068 2024-003 Material Weakness - P
567069 2024-003 Material Weakness - P
567070 2024-003 Material Weakness - P
567071 2024-003 Material Weakness - P
567072 2024-003 Material Weakness - P
567073 2024-003 Material Weakness - P
567074 2024-003 Material Weakness - P
567075 2024-003 Material Weakness - P
567076 2024-003 Material Weakness - P
567077 2024-003 Material Weakness - P
567078 2024-003 Material Weakness - P
567079 2024-003 Material Weakness - P
567080 2024-003 Material Weakness - P
567081 2024-003 Material Weakness - P
567082 2024-003 Material Weakness - P
567083 2024-003 Material Weakness - P
567084 2024-003 Material Weakness - P
567085 2024-003 Material Weakness - P
567086 2024-003 Material Weakness - P
567087 2024-003 Material Weakness - P
567088 2024-003 Material Weakness - P
567089 2024-003 Material Weakness - P
1143500 2024-001 Material Weakness Yes P
1143501 2024-001 Material Weakness Yes P
1143502 2024-001 Material Weakness Yes P
1143503 2024-001 Material Weakness Yes P
1143504 2024-001 Material Weakness Yes P
1143505 2024-001 Material Weakness Yes P
1143506 2024-001 Material Weakness Yes P
1143507 2024-001 Material Weakness Yes P
1143508 2024-002 Material Weakness - P
1143509 2024-002 Material Weakness - P
1143510 2024-003 Material Weakness - P
1143511 2024-003 Material Weakness - P
1143512 2024-003 Material Weakness - P
1143513 2024-003 Material Weakness - P
1143514 2024-003 Material Weakness - P
1143515 2024-003 Material Weakness - P
1143516 2024-003 Material Weakness - P
1143517 2024-003 Material Weakness - P
1143518 2024-003 Material Weakness - P
1143519 2024-003 Material Weakness - P
1143520 2024-003 Material Weakness - P
1143521 2024-003 Material Weakness - P
1143522 2024-003 Material Weakness - P
1143523 2024-003 Material Weakness - P
1143524 2024-003 Material Weakness - P
1143525 2024-003 Material Weakness - P
1143526 2024-003 Material Weakness - P
1143527 2024-003 Material Weakness - P
1143528 2024-003 Material Weakness - P
1143529 2024-003 Material Weakness - P
1143530 2024-003 Material Weakness - P
1143531 2024-003 Material Weakness - P

Programs

ALN Program Spent Major Findings
93.778 Medical Assistance Program $1.02M Yes 1
10.558 Child and Adult Care Food Program $633,691 - 0
84.126 Rehabilitation Services_vocational Rehabilitation Grants to States $615,090 - 0
93.045 Special Programs for the Aging_title Iii, Part C_nutrition Services $553,749 Yes 1
93.596 Child Care Mandatory and Matching Funds of the Child Care and Development Fund $243,277 - 0
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $183,140 - 0
84.181 Special Education-Grants for Infants and Families $131,289 - 0
93.053 Nutrition Services Incentive Program $123,225 Yes 1
93.575 Child Care and Development Block Grant $92,790 - 0
14.195 Section 8 Housing Assistance Payments Program $89,853 - 0
93.667 Social Services Block Grant $85,945 - 0
14.181 Supportive Housing for Persons with Disabilities $40,490 Yes 1
14.157 Supportive Housing for the Elderly $33,896 Yes 2
93.044 Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers $30,815 Yes 1
93.658 Foster Care_title IV-E $24,006 - 0
93.791 Money Follows the Person Rebalancing Demonstration $7,675 - 0
93.043 Special Programs for the Aging_title Iii, Part D_disease Prevention and Health Promotion Services $6,516 - 0

Contacts

Name Title Type
CYEZUTQ6GME3 Deborah Brown Auditee
4799672322 Sue Talkington Auditor
No contacts on file

Notes to SEFA

Title: HUD CAPITAL ADVANCES 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 the Uniform Guidance, Cost Principles for Non-profit Organization, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. For purposes of presentation on the Schedule, the Uniform Guidance requires that the balance of the Section 202 capital advances be included for each of the 40 years through which continuing compliance requirements must be met. For purposes of presentation on the Organization’s consolidated financial statements, these balances are reported as HUD capital advances.
Title: AMERICAN RESCUE PLAN PAYMENTS 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 the Uniform Guidance, Cost Principles for Non-profit Organization, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. During the year ended June 30, 2024 and 2023, the Organization received $331,579 and $89,500, respectively, in American Rescue Plan Stabilization Funds (Assistance Listing Number 93.575) from the United States Department of Human Services and passed through the Arkansas Department of Human Services. These monies are not reported on the Schedule because these funds are not subject to the reporting requirements contained in the Uniform Guidance.
Title: MEDICAID 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 the Uniform Guidance, Cost Principles for Non-profit Organization, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Medical Assistance Program (Title XIX) revenues amounted to $41,048,948 during the year ended June 30, 2024.
Title: RENTAL ASSISTANCE PAYMENTS 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 the Uniform Guidance, Cost Principles for Non-profit Organization, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Tenant assistance payments amounted to $576,445 during the year ended June 30, 2024.

Finding Details

Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-002
2024-002: Failure to place reserve for replacement and residual receipts into interest-bearing accounts – HUD entities Condition: The reserve for replacement and residual receipts bank accounts are not interest‐bearing accounts. Criteria and cause: The Project’s bank moved the reserve and residual receipts accounts into non-interest-bearing accounts to reduce bank fees. Effect: The Project is not in compliance with HUD Handbook 4350.1 Chapter 4 and 24 CFR 880 & 881. Recommendation: The management agent should monitor accounts to ensure they are continuously maintained in interest-bearing accounts.
Finding 2024-002
2024-002: Failure to place reserve for replacement and residual receipts into interest-bearing accounts – HUD entities Condition: The reserve for replacement and residual receipts bank accounts are not interest‐bearing accounts. Criteria and cause: The Project’s bank moved the reserve and residual receipts accounts into non-interest-bearing accounts to reduce bank fees. Effect: The Project is not in compliance with HUD Handbook 4350.1 Chapter 4 and 24 CFR 880 & 881. Recommendation: The management agent should monitor accounts to ensure they are continuously maintained in interest-bearing accounts.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-001
2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.
Finding 2024-002
2024-002: Failure to place reserve for replacement and residual receipts into interest-bearing accounts – HUD entities Condition: The reserve for replacement and residual receipts bank accounts are not interest‐bearing accounts. Criteria and cause: The Project’s bank moved the reserve and residual receipts accounts into non-interest-bearing accounts to reduce bank fees. Effect: The Project is not in compliance with HUD Handbook 4350.1 Chapter 4 and 24 CFR 880 & 881. Recommendation: The management agent should monitor accounts to ensure they are continuously maintained in interest-bearing accounts.
Finding 2024-002
2024-002: Failure to place reserve for replacement and residual receipts into interest-bearing accounts – HUD entities Condition: The reserve for replacement and residual receipts bank accounts are not interest‐bearing accounts. Criteria and cause: The Project’s bank moved the reserve and residual receipts accounts into non-interest-bearing accounts to reduce bank fees. Effect: The Project is not in compliance with HUD Handbook 4350.1 Chapter 4 and 24 CFR 880 & 881. Recommendation: The management agent should monitor accounts to ensure they are continuously maintained in interest-bearing accounts.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.
Finding 2024-003
2024-003: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Criteria and Cause: The June 30, 2024 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with Uniform Guidance. Due to turnover of the CEO, delay in receiving information requested, and other factors, additional time was needed to gather the necessary information and this deadline was not met. Effect: The potential effect of not submitting the consolidated financial statements in a timely manner could subject the Organization to disciplinary measures by Federal and state grant agencies including Arkansas Department of Human Services and Arkansas Department of Education. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and that the Organization work diligently to meet all future audit filing deadlines.