FAC Explorer

Audit 367933

FY End
2024-12-31
Total Expended
$4.97M
Findings
1
Programs
8
Organization: Wolfe's Neck Farm Foundation (ME)
Year: 2024 Accepted: 2025-09-26
Auditor: Purdy Powers & CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1155659 2024-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
10.937 Partnerships for Climate-Smart Commodities $67,539 Yes 0
84.425 Education Stabilization Fund $52,298 Yes 0
10.164 Wholesale Farmers and Alternative Market Development $49,880 Yes 0
10.310 Agriculture and Food Research Initiative (afri) $26,375 Yes 0
10.215 Sustainable Agriculture Research and Education $9,412 Yes 0
10.307 Organic Agriculture Research and Extension Initiative $9,388 Yes 0
10.902 Soil and Water Conservation $7,744 Yes 0
00.000 Federal Highway Administration $6,130 Yes 0

Contacts

Name Title Type
X47KW2GXWUV8 Bonnie Peters Auditee
2078654469 Peter Way Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Wolfe's Neck Farm Foundation. All federal awards received directly from federal agencies as well as federal awards passed through other governmental agencies are included on the schedule. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedule presents only a selected portion of the operations of Wolfe's Neck Farm Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Wolfe's Neck Farm Foundation.
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. Wolfe's Neck Farm Foundation has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Condition and context: During the period of review, it was noted that two of the reports required by the Agreement were not submitted by the due date noted in the Agreement. Criteria: Reporting procedures are an integral part of the compliance requirements in accordance with the Uniform Guidance. Cause: The Organization was unable to submit reports within the required time period. Effect: Improvement is needed in order to comply with the reporting requirements of the USDA Award Identifying Number NR233A750004G032. Recommendation: We recommended that the Organization should review its reporting obligations and ensure that all future filings are made in a timely manner. Views of responsible Officials and Planned Corrective Action: The Organization will review the process of submitting reports and improve their data collection process to enable the reports to be submitted in a timely manner.