FAC Explorer

Audit 361911

FY End
2024-06-30
Total Expended
$800,754
Findings
2
Programs
3
Organization: Favor, Inc. (CT)
Year: 2024 Accepted: 2025-07-10
Auditor: Fiondella Milone & Lasaracina

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
570984 2024-001 - - L
1147426 2024-001 - - L

Programs

ALN Program Spent Major Findings
93.958 Block Grants for Community Mental Health Services $719,450 Yes 1
93.556 Marylee Allen Promoting Safe and Stable Families Program $50,000 - 0
93.669 Child Abuse and Neglect State Grants $31,304 - 0

Contacts

Name Title Type
E2K1DVU7YDX4 Jenny Bridges Auditee
8605633232 Amber Tucker Auditor
No contacts on file

Notes to SEFA

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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. FAVOR, Inc. has elected not to utilize the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: No further notes

Finding Details

Finding 2024-001
Finding No. 2024-001: Reporting Requirements Criteria : Management is responsible for submitting a federal single audit report by March 31, 2025, for each year where the expenditures exceed $750,000. Condition: For the year ended June 30, 2024, the federal single audit report was not issued until after the deadline of March 31, 2025.Questioned Costs: None noted. Cause: Due to turnover at the organization, as well as the hiring of a new bookkeeper and audit firm, the audit timeline was extended. Effect: The federal single audit was filed after the deadline. Context: The audit work extended beyond the federal single audit deadline du3 to delays in starting the audit work because of turnover and prior year audit delays. Repeat Finding: No Recommendation: We recommend that FAVOR, Inc. begin the audit earlier in order to avoid this issue going forward. Views of Responsible Officials: Management concurs with the finding and notes that the Organization has hired the appropriate staff and service organizations to complete the audit in a timely manner.
Finding 2024-001
Finding No. 2024-001: Reporting Requirements Criteria : Management is responsible for submitting a federal single audit report by March 31, 2025, for each year where the expenditures exceed $750,000. Condition: For the year ended June 30, 2024, the federal single audit report was not issued until after the deadline of March 31, 2025.Questioned Costs: None noted. Cause: Due to turnover at the organization, as well as the hiring of a new bookkeeper and audit firm, the audit timeline was extended. Effect: The federal single audit was filed after the deadline. Context: The audit work extended beyond the federal single audit deadline du3 to delays in starting the audit work because of turnover and prior year audit delays. Repeat Finding: No Recommendation: We recommend that FAVOR, Inc. begin the audit earlier in order to avoid this issue going forward. Views of Responsible Officials: Management concurs with the finding and notes that the Organization has hired the appropriate staff and service organizations to complete the audit in a timely manner.