FAC Explorer

Audit 362804

FY End
2024-06-30
Total Expended
$2.33M
Findings
2
Programs
3
Organization: Chuan Teng (CA)
Year: 2024 Accepted: 2025-07-22
Auditor: Harshwal & Company LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
571781 2024-001 Significant Deficiency - P
1148223 2024-001 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
14.241 Housing Opportunities for Persons with Aids $1.63M Yes 1
93.243 Substance Abuse and Mental Health Services Projects of Regional and National Significance $325,958 - 0
93.917 Hiv Care Formula Grants $284,251 - 0

Contacts

Name Title Type
PJ9NQQ7RALL5 Brent Willman Auditee
3104633692 Sanwar Harshwal Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1: BASIS OF PRESENTATION Accounting Policies: NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting - 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. Indirect costs - Baker Places has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are charged to the federal award programs based on negotiated indirect cost rate agreement. De Minimis Rate Used: N Rate Explanation: Baker Places has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are charged to the federal award programs based on negotiated indirect cost rate agreement. The accompanying schedule of expenditures of federal awards ("the Schedule") includes the federal award activity of Baker Places, Inc. ("Baker Places") under programs of the federal government for the year ended June 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"). Because the Schedule presents only a selected portion of the operations of Baker Places, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Baker Places.
Title: NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting - 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. Indirect costs - Baker Places has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are charged to the federal award programs based on negotiated indirect cost rate agreement. De Minimis Rate Used: N Rate Explanation: Baker Places has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are charged to the federal award programs based on negotiated indirect cost rate agreement. Basis of Accounting - 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. Indirect costs - Baker Places has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are charged to the federal award programs based on negotiated indirect cost rate agreement.
Title: NOTE 3: SUBRECIPIENTS Accounting Policies: NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting - 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. Indirect costs - Baker Places has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are charged to the federal award programs based on negotiated indirect cost rate agreement. De Minimis Rate Used: N Rate Explanation: Baker Places has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are charged to the federal award programs based on negotiated indirect cost rate agreement. Baker Places did not provide any federal awards to subrecipients for the fiscal year ended June 30, 2024.

Finding Details

Finding 2024-001
SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS 2024-001 - Compliance Over Reporting (Significant Deficiency) Federal program information: Federal agency: U.S. Department of Housing and Urban Development Pass-through agency:: PRC Title: Housing Opportunities for Persons with AIDS ALN number: 14.241 Criteria: The OMB Uniform Guidance and contract with federal funding agency require that non-federal entities receiving federal awards establish and maintain internal control designed to reasonably ensure compliance with federal laws, regulations and program compliance requirements as follows: Section 2 CFR 200.512 of the Uniform Guidance states: 1. General. (1) The audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or federal holiday, the reporting package is due the next business day. 2. Data Collection. The FAC is the repository of record for Subpart F-Audit Requirements of this Part reporting packages and the data collection form. All federal agencies, pass-through entities and others interested in a reporting package and data collection form must obtain it by accessing the FAC. Condition: The audit package and data collection form were not submitted to the Federal Audit Clearinghouse for the reporting year ended June 30, 2024, within 9 months after the audit period. Effect: Non-compliance with the Office of Management and Budget’s Uniform Guidance. Potential reduction or delay in federal and state funding as well as the effects of being placed on high-risk status by a federal and/or state agency. Questioned Costs: None. Cause: The turnover of key finance staff caused a delay in the audit preparation, which impacted the timely submission of the report. Repeat finding: No Views of Responsible Officials: See separately prepared Corrective Action Plan.
Finding 2024-001
SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS 2024-001 - Compliance Over Reporting (Significant Deficiency) Federal program information: Federal agency: U.S. Department of Housing and Urban Development Pass-through agency:: PRC Title: Housing Opportunities for Persons with AIDS ALN number: 14.241 Criteria: The OMB Uniform Guidance and contract with federal funding agency require that non-federal entities receiving federal awards establish and maintain internal control designed to reasonably ensure compliance with federal laws, regulations and program compliance requirements as follows: Section 2 CFR 200.512 of the Uniform Guidance states: 1. General. (1) The audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or federal holiday, the reporting package is due the next business day. 2. Data Collection. The FAC is the repository of record for Subpart F-Audit Requirements of this Part reporting packages and the data collection form. All federal agencies, pass-through entities and others interested in a reporting package and data collection form must obtain it by accessing the FAC. Condition: The audit package and data collection form were not submitted to the Federal Audit Clearinghouse for the reporting year ended June 30, 2024, within 9 months after the audit period. Effect: Non-compliance with the Office of Management and Budget’s Uniform Guidance. Potential reduction or delay in federal and state funding as well as the effects of being placed on high-risk status by a federal and/or state agency. Questioned Costs: None. Cause: The turnover of key finance staff caused a delay in the audit preparation, which impacted the timely submission of the report. Repeat finding: No Views of Responsible Officials: See separately prepared Corrective Action Plan.