FAC Explorer

Audit 361592

FY End
2024-12-31
Total Expended
$962,239
Findings
2
Programs
10
Organization: YWCA Madison, Inc. (WI)
Year: 2024 Accepted: 2025-07-07
Auditor: Wegner CPAS LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
570574 2024-003 Significant Deficiency - B
1147016 2024-003 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
20.509 Formula Grants for Rural Areas and Tribal Transit Program $353,725 Yes 1
93.767 Children's Health Insurance Program $158,891 Yes 0
21.023 Emergency Rental Assistance Program $100,000 - 0
20.521 New Freedom Program $78,767 - 0
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $67,553 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $56,147 - 0
14.218 Community Development Block Grants/entitlement Grants $39,408 - 0
93.558 Temporary Assistance for Needy Families $32,192 - 0
14.231 Emergency Solutions Grant Program $25,000 - 0
97.024 Emergency Food and Shelter National Board Program $15,000 - 0

Contacts

Name Title Type
T5DBX42DJHU3 Geraldine Paredes Vasquez Auditee
6082058727 Hannah Jensen Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1—BASIS OF PRESENTATION Accounting Policies: NOTE 1—BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state award activity of YWCA Madison, Inc. under programs of the federal government and state agencies 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 YWCA Madison, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of YWCA Madison, Inc. NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Expenditures reported on 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. De Minimis Rate Used: N Rate Explanation: YWCA Madison, Inc primarily allocates indirect costs by the percentage allocation of direct salaries. The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state award activity of YWCA Madison, Inc. under programs of the federal government and state agencies 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 YWCA Madison, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of YWCA Madison, Inc.
Title: NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: NOTE 1—BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state award activity of YWCA Madison, Inc. under programs of the federal government and state agencies 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 YWCA Madison, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of YWCA Madison, Inc. NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Expenditures reported on 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. De Minimis Rate Used: N Rate Explanation: YWCA Madison, Inc primarily allocates indirect costs by the percentage allocation of direct salaries. Expenditures reported on 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.
Title: NOTE 3—INDIRECT COST RATE Accounting Policies: NOTE 1—BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state award activity of YWCA Madison, Inc. under programs of the federal government and state agencies 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 YWCA Madison, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of YWCA Madison, Inc. NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Expenditures reported on 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. De Minimis Rate Used: N Rate Explanation: YWCA Madison, Inc primarily allocates indirect costs by the percentage allocation of direct salaries. YWCA Madison, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-003
Assistance Listing Number(s): 20.509 Name of Federal Program or Cluster: Formula Grants for Rural Areas and Tribal Transit Program Name of Federal Agency: Department of Transportation Federal Award Identification Number: CY2024 WETAP Federal Award Year: January 1, 2024 through December 31, 2024 Criteria: According to 2 CFR §200.436(b)(1), “The depreciation cost is not allowable for equipment that was paid for by the Federal Government either directly or through a non-federal entity's federal award.” Additionally, costs charged to a federal award must be allowable, allocable, and reasonable per 2 CFR §200.403. Condition: During the preliminary review of expenditures charged to federal programs, it was noted that depreciation expense was recorded for a vehicle that had been 100% federally funded in a prior year. The depreciation was charged to the major federal program in the current fiscal year. Cause: The depreciation was charged due to a lack of review procedures to ensure that federally funded assets are excluded from depreciation calculations allocated to federal awards. Effect or Potential Effect and Questioned Costs: As a result, unallowable costs were charged to the federal program, which may result in questioned costs and potential repayment to the federal agency, as well as noncompliance with federal cost principles. Context: The error was not a part of our sample. It was discovered as a year-end journal entry. Repeat Finding: No Recommendation: Management should conduct a review of depreciation charges for the current and future years to ensure that federally funded assets are excluded from depreciation allocations to federal programs.
Finding 2024-003
Assistance Listing Number(s): 20.509 Name of Federal Program or Cluster: Formula Grants for Rural Areas and Tribal Transit Program Name of Federal Agency: Department of Transportation Federal Award Identification Number: CY2024 WETAP Federal Award Year: January 1, 2024 through December 31, 2024 Criteria: According to 2 CFR §200.436(b)(1), “The depreciation cost is not allowable for equipment that was paid for by the Federal Government either directly or through a non-federal entity's federal award.” Additionally, costs charged to a federal award must be allowable, allocable, and reasonable per 2 CFR §200.403. Condition: During the preliminary review of expenditures charged to federal programs, it was noted that depreciation expense was recorded for a vehicle that had been 100% federally funded in a prior year. The depreciation was charged to the major federal program in the current fiscal year. Cause: The depreciation was charged due to a lack of review procedures to ensure that federally funded assets are excluded from depreciation calculations allocated to federal awards. Effect or Potential Effect and Questioned Costs: As a result, unallowable costs were charged to the federal program, which may result in questioned costs and potential repayment to the federal agency, as well as noncompliance with federal cost principles. Context: The error was not a part of our sample. It was discovered as a year-end journal entry. Repeat Finding: No Recommendation: Management should conduct a review of depreciation charges for the current and future years to ensure that federally funded assets are excluded from depreciation allocations to federal programs.