FAC Explorer

Audit 369092

FY End
2024-12-31
Total Expended
$1.07M
Findings
1
Programs
1
Organization: Women's Foundation of Alabama (AL)
Year: 2024 Accepted: 2025-09-30
Auditor: Warren Averett

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1156754 2024-002 Material Weakness Yes M

Programs

ALN Program Spent Major Findings
11.307 Economic Adjustment Assistance $1.07M Yes 1

Contacts

Name Title Type
EJXDATF7EFX6 Lashundra Pinkard Auditee
2053264454 Jennifer M Williams Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Women’s Foundation of Alabama (the Organization) under programs of the federal government for the year ended December 31, 2024. The information in the 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 the Organization, it is not intended to, and does not, present the financial position, change in net assets or cash flows of the Organization.
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. Expenditures represent only the federally funded portions of the program.
The Organization has elected to use the de minimis indirect cost rate as allowed by the Uniform Guidance.

Finding Details

Finding 2024-002
Finding 2024-002 – Subrecipient Monitoring (Material Weakness) Program Information: 11.307 Economic Adjustment Assistance Criteria: Per 2 CFR § 200.332, pass-through entities must ensure that every subaward is clearly identified to the subrecipient as a subaward and includes specific information at the time of issuance and upon modification. Required elements include federal award identification; all requirements of the subaward including the federal statutes, regulations and terms and conditions; indirect cost rate; access to records; and closeout terms and conditions. Condition: The Organization awarded 13 awards to subrecipients and did not include the information required by 2 CFR § 200.332 in the subaward agreement. Cause/Effect: The pass-through entity did not have a standardized process or checklist to ensure all required subaward elements were included in the agreements. Failure to communicate the federal nature of the award may result in subrecipients not being aware of their responsibilities under federal regulations, which could lead to noncompliance and misuse of federal funds. Questioned costs: None Repeat findings: No similar findings noted in the prior year. Recommendation: We recommend that the pass-through entity implement a standardized subaward template and checklist aligned with 2 CFR § 200.332. Staff should be trained on Uniform Guidance requirements to ensure all subawards include the necessary elements. Views of responsible officials: Management agrees with the finding and the auditors’ recommendation. See Corrective Action Plan at the end of the report.