FAC Explorer

Audit 360333

FY End
2024-12-31
Total Expended
$1.16M
Findings
8
Programs
3
Organization: Capital Area Development Corporation of West Virginia (WV)
Year: 2024 Accepted: 2025-06-27
Auditor: Brown Edwards and Company LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
567990 2024-002 Significant Deficiency - L
567991 2024-002 Significant Deficiency - L
567992 2024-002 Significant Deficiency - L
567993 2024-003 - - L
1144432 2024-002 Significant Deficiency - L
1144433 2024-002 Significant Deficiency - L
1144434 2024-002 Significant Deficiency - L
1144435 2024-003 - - L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $57,863 Yes 1
11.307 Economic Adjustment Assistance $46,812 - 0
23.002 Appalachian Area Development $42,294 - 0

Contacts

Name Title Type
MS78G5CCDPX6 Debra James Auditee
3043404253 Robert Adams Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: 1. 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Alliance has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Capital Area Development Corporation of West Virginia (dba Charleston Area Alliance) and Affiliates (the Alliance) under programs of the federal government for the year ended December 31, 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). Because the Schedule presents only a selected portion of the operations of the Alliance, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Alliance.
Title: Outstanding Loan Balances Accounting Policies: 1. 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Alliance has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. At December 31, 2024, the Alliance had no outstanding loan balances requiring continuing disclosure.

Finding Details

Finding 2024-002
Condition: The Alliance does not have appropriate supervisory review and approval procedures related to the grant reporting function. Criteria: Effective internal control over compliance includes appropriate, timely, and documented supervisory review and approval procedures. Cause: The grant reporting is prepared and submitted without documented supervisory review and approval. Effect: The Alliance is at an increased risk for grant reporting errors or omissions without timely supervisory review and approval. Questioned Costs: N/A Recommendation: We recommend the review and approval of all future grant reports prior to their submission. The approval should be documented in writing. Views of Responsible Officials: We acknowledge the audit finding with respect to lack of documented supervisory review and approval of grant report submission. Grant reports were reviewed prior to filing with approval communicated either via email or verbally. We will document approval in writing in the future.
Finding 2024-002
Condition: The Alliance does not have appropriate supervisory review and approval procedures related to the grant reporting function. Criteria: Effective internal control over compliance includes appropriate, timely, and documented supervisory review and approval procedures. Cause: The grant reporting is prepared and submitted without documented supervisory review and approval. Effect: The Alliance is at an increased risk for grant reporting errors or omissions without timely supervisory review and approval. Questioned Costs: N/A Recommendation: We recommend the review and approval of all future grant reports prior to their submission. The approval should be documented in writing. Views of Responsible Officials: We acknowledge the audit finding with respect to lack of documented supervisory review and approval of grant report submission. Grant reports were reviewed prior to filing with approval communicated either via email or verbally. We will document approval in writing in the future.
Finding 2024-002
Condition: The Alliance does not have appropriate supervisory review and approval procedures related to the grant reporting function. Criteria: Effective internal control over compliance includes appropriate, timely, and documented supervisory review and approval procedures. Cause: The grant reporting is prepared and submitted without documented supervisory review and approval. Effect: The Alliance is at an increased risk for grant reporting errors or omissions without timely supervisory review and approval. Questioned Costs: N/A Recommendation: We recommend the review and approval of all future grant reports prior to their submission. The approval should be documented in writing. Views of Responsible Officials: We acknowledge the audit finding with respect to lack of documented supervisory review and approval of grant report submission. Grant reports were reviewed prior to filing with approval communicated either via email or verbally. We will document approval in writing in the future.
Finding 2024-003
Condition: The Alliance did not submit all reports required by a grant agreement with the pass through entity. Criteria: The pass through grant agreements require quarterly reconciliation reports to be filed with the grantor 5 days after the conclusion of the quarter. For the year ended December 31, 2024, we noted 4 out of 12 quarterly reports due during the year were not filed with the grantor. Cause: The Alliance did not file certain required grant reports for the year ended December 31, 2024. Effect: The Alliance was not in compliance with the requirements of their grant agreement. Questioned Costs: N/A Recommendation: We recommend the Alliance complete and submit all future required grant reports prior to the required deadline to ensure all compliance requirements are met. Views of Responsible Officials: We acknowledge the audit finding and will submit required reports on a timely basis.
Finding 2024-002
Condition: The Alliance does not have appropriate supervisory review and approval procedures related to the grant reporting function. Criteria: Effective internal control over compliance includes appropriate, timely, and documented supervisory review and approval procedures. Cause: The grant reporting is prepared and submitted without documented supervisory review and approval. Effect: The Alliance is at an increased risk for grant reporting errors or omissions without timely supervisory review and approval. Questioned Costs: N/A Recommendation: We recommend the review and approval of all future grant reports prior to their submission. The approval should be documented in writing. Views of Responsible Officials: We acknowledge the audit finding with respect to lack of documented supervisory review and approval of grant report submission. Grant reports were reviewed prior to filing with approval communicated either via email or verbally. We will document approval in writing in the future.
Finding 2024-002
Condition: The Alliance does not have appropriate supervisory review and approval procedures related to the grant reporting function. Criteria: Effective internal control over compliance includes appropriate, timely, and documented supervisory review and approval procedures. Cause: The grant reporting is prepared and submitted without documented supervisory review and approval. Effect: The Alliance is at an increased risk for grant reporting errors or omissions without timely supervisory review and approval. Questioned Costs: N/A Recommendation: We recommend the review and approval of all future grant reports prior to their submission. The approval should be documented in writing. Views of Responsible Officials: We acknowledge the audit finding with respect to lack of documented supervisory review and approval of grant report submission. Grant reports were reviewed prior to filing with approval communicated either via email or verbally. We will document approval in writing in the future.
Finding 2024-002
Condition: The Alliance does not have appropriate supervisory review and approval procedures related to the grant reporting function. Criteria: Effective internal control over compliance includes appropriate, timely, and documented supervisory review and approval procedures. Cause: The grant reporting is prepared and submitted without documented supervisory review and approval. Effect: The Alliance is at an increased risk for grant reporting errors or omissions without timely supervisory review and approval. Questioned Costs: N/A Recommendation: We recommend the review and approval of all future grant reports prior to their submission. The approval should be documented in writing. Views of Responsible Officials: We acknowledge the audit finding with respect to lack of documented supervisory review and approval of grant report submission. Grant reports were reviewed prior to filing with approval communicated either via email or verbally. We will document approval in writing in the future.
Finding 2024-003
Condition: The Alliance did not submit all reports required by a grant agreement with the pass through entity. Criteria: The pass through grant agreements require quarterly reconciliation reports to be filed with the grantor 5 days after the conclusion of the quarter. For the year ended December 31, 2024, we noted 4 out of 12 quarterly reports due during the year were not filed with the grantor. Cause: The Alliance did not file certain required grant reports for the year ended December 31, 2024. Effect: The Alliance was not in compliance with the requirements of their grant agreement. Questioned Costs: N/A Recommendation: We recommend the Alliance complete and submit all future required grant reports prior to the required deadline to ensure all compliance requirements are met. Views of Responsible Officials: We acknowledge the audit finding and will submit required reports on a timely basis.