FAC Explorer

Audit 365681

FY End
2024-06-30
Total Expended
$1.31M
Findings
4
Programs
2
Organization: Rebuilding Together Metro Chicago (IL)
Year: 2024 Accepted: 2025-09-05
Auditor: Joseph I David CPA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
575673 2024-003 Material Weakness - LP
575674 2024-003 Material Weakness - LP
1152115 2024-003 Material Weakness - LP
1152116 2024-003 Material Weakness - LP

Programs

ALN Program Spent Major Findings
21.019 Coronavirus Relief Fund $600,000 Yes 1
14.218 Community Development Block Grants/entitlement Grants $237,000 Yes 0

Contacts

Name Title Type
LHE1NM452Q83 Wanda Ramirez Auditee
3122011188 Joseph David Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: 1. Expenditures reported on this 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. 2. The Organization has elected the 10% de-minimis indirect cost rate. 3. There were no other audits performed under the Uniform Guidance for the year ended June 30, 2024. 4. There were no subrecipients for this Organization during the year ended June 30, 2024. 5. There were no non-cash awards received during the year ended June 30, 2024. 6. There were no federal loan or loan guarantees on June 30, 2024. 7. There was no federal insurance in effect in the year ended June 30, 2024. 8. Programs tested as major programs American Rescue Plan 21.019 (Community Development Block Grant). De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. This schedule includes the federal award activity of Rebuilding Together Metro Chicago under programs of the Federal Government for the year ended June 30, 2024. The information in this schedule is presented in accordance with Title 2 US 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 entity, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the entity.

Finding Details

Finding 2024-003
Inadequate Documentation for Expenses (Assistance Listing 21.019 ARPA) Criteria: 2 CFR §200.403–405 requires that costs charged to federal awards be adequately documented, allowable, and allocable. Condition: During our walk through of the expenditure cycle, we discovered the following issues: • Some vouchers were not prepared or lacked proper authorization and supporting source documents. • Multiple transactions were missing receipts or had incomplete vouchers. • Instances of the same check number being used twice in the general ledger. • Certain check numbers were not entered into the software program. Cause: Inadequate internal controls over documentation and expenditure tracking. Effect: Risk of unallowable costs being charged to federal programs and potential disallowance of expenses. Questioned Costs: Unable to determine exact amount due to lack of documentation. Recommendation: RTMC should enforce strict policies for maintaining proper documentation to verify and support costs. This ensures all expenses are allowable, reasonable, and allocable.
Finding 2024-003
Inadequate Documentation for Expenses (Assistance Listing 21.019 ARPA) Criteria: 2 CFR §200.403–405 requires that costs charged to federal awards be adequately documented, allowable, and allocable. Condition: During our walk through of the expenditure cycle, we discovered the following issues: • Some vouchers were not prepared or lacked proper authorization and supporting source documents. • Multiple transactions were missing receipts or had incomplete vouchers. • Instances of the same check number being used twice in the general ledger. • Certain check numbers were not entered into the software program. Cause: Inadequate internal controls over documentation and expenditure tracking. Effect: Risk of unallowable costs being charged to federal programs and potential disallowance of expenses. Questioned Costs: Unable to determine exact amount due to lack of documentation. Recommendation: RTMC should enforce strict policies for maintaining proper documentation to verify and support costs. This ensures all expenses are allowable, reasonable, and allocable.
Finding 2024-003
Inadequate Documentation for Expenses (Assistance Listing 21.019 ARPA) Criteria: 2 CFR §200.403–405 requires that costs charged to federal awards be adequately documented, allowable, and allocable. Condition: During our walk through of the expenditure cycle, we discovered the following issues: • Some vouchers were not prepared or lacked proper authorization and supporting source documents. • Multiple transactions were missing receipts or had incomplete vouchers. • Instances of the same check number being used twice in the general ledger. • Certain check numbers were not entered into the software program. Cause: Inadequate internal controls over documentation and expenditure tracking. Effect: Risk of unallowable costs being charged to federal programs and potential disallowance of expenses. Questioned Costs: Unable to determine exact amount due to lack of documentation. Recommendation: RTMC should enforce strict policies for maintaining proper documentation to verify and support costs. This ensures all expenses are allowable, reasonable, and allocable.
Finding 2024-003
Inadequate Documentation for Expenses (Assistance Listing 21.019 ARPA) Criteria: 2 CFR §200.403–405 requires that costs charged to federal awards be adequately documented, allowable, and allocable. Condition: During our walk through of the expenditure cycle, we discovered the following issues: • Some vouchers were not prepared or lacked proper authorization and supporting source documents. • Multiple transactions were missing receipts or had incomplete vouchers. • Instances of the same check number being used twice in the general ledger. • Certain check numbers were not entered into the software program. Cause: Inadequate internal controls over documentation and expenditure tracking. Effect: Risk of unallowable costs being charged to federal programs and potential disallowance of expenses. Questioned Costs: Unable to determine exact amount due to lack of documentation. Recommendation: RTMC should enforce strict policies for maintaining proper documentation to verify and support costs. This ensures all expenses are allowable, reasonable, and allocable.