FAC Explorer

Audit 363465

FY End
2024-10-31
Total Expended
$2.49M
Findings
2
Programs
1
Organization: New York Council for the Humanities (NY)
Year: 2024 Accepted: 2025-07-31
Auditor: Lutz and Carr CPAS LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
572368 2024-001 - - L
1148810 2024-001 - - L

Programs

ALN Program Spent Major Findings
45.129 Promotion of the Humanities Federal/state Partnership $2.49M Yes 1

Contacts

Name Title Type
KQ2MJKL8S6C3 Lucky Islam Auditee
2122331131 Jennifer Coates Auditor
No contacts on file

Notes to SEFA

Title: Note A - Basis of Presentation 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. De Minimis Rate Used: N Rate Explanation: New York Council for the Humanities (d/b/a Humanities New York) has not elected 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 award activity of New York Council for the Humanities (d/b/a Humanities New York) under programs of the federal government for the year ended October 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 New York Council for the Humanities (d/b/a Humanities New York), it is not intended to and does not present the financial position, changes in net assets, or cash flows of New York Council for the Humanities (d/b/a Humanities New York).
Title: Note B (1) - Summary of Significant Accounting Policies 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. De Minimis Rate Used: N Rate Explanation: New York Council for the Humanities (d/b/a Humanities New York) has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Expenditures to subrecipients are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note B (2) - Summary of Significant Accounting Policies 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. De Minimis Rate Used: N Rate Explanation: New York Council for the Humanities (d/b/a Humanities New York) has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. New York Council for the Humanities (d/b/a Humanities New York) has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Finding: 2024-001 Other Matter Reporting Criteria: Federal Financial Reports (“FFR”) submitted to the Federal awarding agency are to be supported by Humanities New York’s underlying accounting records. Condition: The FFR submitted to the awarding agency by Humanities New York did not reflect an accurate amount relating to the Federal share of expenditures that is required to be reported on the FFR. However, the underlying accounting records of Humanities New York did reflect an accurate amount relating to the Federal share of expenditures. Effect: The FFR filed for the October 31, 2024 reporting period reported an amount for the Federal share of expenditures that was not accurately supported by the accounting records of Humanities New York. Cause: When preparing the FFR for the period ending October 31, 2024, the books for the period ending October 31 2024 had not been fully closed out due to turnover in the finance department. This caused the amount for the Federal share of expenditures to be presented incorrectly. Auditors’ Recommendation: We recommend that Humanities New York’s finance department perform procedures to reconcile amounts presented on the FFR to the underlying accounting records prior to submitting such reports to the Federal awarding agency. Response: Humanities New York agrees with this finding. Please refer to the corrective action plan.
Finding 2024-001
Finding: 2024-001 Other Matter Reporting Criteria: Federal Financial Reports (“FFR”) submitted to the Federal awarding agency are to be supported by Humanities New York’s underlying accounting records. Condition: The FFR submitted to the awarding agency by Humanities New York did not reflect an accurate amount relating to the Federal share of expenditures that is required to be reported on the FFR. However, the underlying accounting records of Humanities New York did reflect an accurate amount relating to the Federal share of expenditures. Effect: The FFR filed for the October 31, 2024 reporting period reported an amount for the Federal share of expenditures that was not accurately supported by the accounting records of Humanities New York. Cause: When preparing the FFR for the period ending October 31, 2024, the books for the period ending October 31 2024 had not been fully closed out due to turnover in the finance department. This caused the amount for the Federal share of expenditures to be presented incorrectly. Auditors’ Recommendation: We recommend that Humanities New York’s finance department perform procedures to reconcile amounts presented on the FFR to the underlying accounting records prior to submitting such reports to the Federal awarding agency. Response: Humanities New York agrees with this finding. Please refer to the corrective action plan.