Audit 364780

FY End
2024-09-30
Total Expended
$1.26M
Findings
0
Programs
1
Organization: Vermont Association of Business (VT)
Year: 2024 Accepted: 2025-08-22

Organization Exclusion Status:

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Findings

No findings recorded

Programs

Contacts

Name Title Type
EMJMTS2MAVM5 Christine McCarthy Auditee
8028781107 Lee A. White Auditor
No contacts on file

Notes to SEFA

Title: Summary of audit results Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A 1. The auditor's report expresses an unmodified opinion on the financial statements of Vermont Association of Business, industry and Rehabilitation, Inc.
Title: Summary of audit results Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A 2. There were no significant deficiencies or material weaknesses in intenral control disclosed by the audit of the financial statements.
Title: Summary of audit results Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A 3. No instances of noncompliance material to the financial statements of Vermont Association of Business, Industry and Rehabiliation, Inc. were disclosed durin the audit.
Title: Summary of audit results Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A 4. There were no significant deficiencies in internal control over major federal award programs disclosed by the audit.
Title: Summary of audit results Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A 5. The auditor's report on compliance for the major federal award programs for Vermont Association of Businses, Industry and Rehabilitation, Inc. expresses an unmodified opinion on all major federal programs.
Title: Summary of audit results Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A 6. There are no audit findings relating to the major federal award programs for Vermont Association of Business, Industry and Rehabilitation, Inc. which would be reports in accordance with secion 510(a) of the Uniform Guidance and reported in this Schedule.
Title: Summary of audit results Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A 7. There programs tested as major programs were: Employment Education and Training services 10.561 SNAP E&T Ican 10.561
Title: Summary of audit results Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A 8. The threshold for distinguishing Types A and B programs was $750,000.
Title: Summary of audit results Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A 9. Vermont Association of Business, Industry and Rehabilitation, Inc. was determined to be a high-risk auditee.
Title: Findings - Financial Statements Audit Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A Significant Deficiency and Material Weakness - There were none noted
Title: Finding and Questioned Costs - Major Federal Award Programs Ausit Accounting Policies: Accrual De Minimis Rate Used: N Rate Explanation: N/A There were none noted