FAC Explorer

Audit 367915

FY End
2024-12-31
Total Expended
$2.41M
Findings
1
Programs
4
Organization: The National Dry Bean Council Incorporated (OR)
Year: 2024 Accepted: 2025-09-26
Auditor: Rood & Dinis LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1155651 2024-001 Material Weakness Yes B

Programs

ALN Program Spent Major Findings
10.601 Market Access Program $1.43M Yes 1
10.618 Regional Agricultural Promotion Program $581,251 Yes 0
10.603 Emerging Markets Program $247,311 Yes 0
10.600 Foreign Market Development Cooperator Program $145,006 Yes 0

Contacts

Name Title Type
S17KDGK1LXE8 Michael Shumyater Auditee
2062926340 Brandon Rood Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of United States Dry Bean Council ("Council") under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of 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 operations of Council, it is not intended and does not present the financial position, changes in net assets or cash flows of Council.
Expenditures reported on the Schedule are presented on the accrual basis of accounting. This is the same basis the financial statements are presented. 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.
The Council has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
FEDERAL FINDING INTERNAL CONTROL - SIGNIFICANT DEFICIENCY Criteria: According to Title 2 CFR Part 200.303(a), the recipient must establish, document and maintain effective internal control over the Federal award that provides reasonable assurance that the recipient is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the federal award. Additionally, the Market Access Program, specifically section 1485.31(a), states that all participants are required to annually submit a fraud prevention program for approval. Condition: Segregation of duties of Council disbursements were not being followed as outlined in the fraud prevention program previously approved by the Foreign Agricultural Service (FAS). Effect: Council was not in compliance with fraud prevention program for a portion of 2024. A lack of further disbursement approval could result in fraudulent activity. Cause: Council underwent Executive Director and accounting personnel changes mid-year that resulted in an internal control weakness. Recommendation: Council either follows existing fraud prevention program to incorporate a level of disbursement and documentation approval from a party other than the contracted finance management company to improve segregation of duties, or revises fraud prevention program to appropriately depict internal control framework and receives approval from FAS. Repeat finding: No.