FAC Explorer

Audit 370102

FY End
2024-12-31
Total Expended
$2.56M
Findings
4
Programs
4
Organization: Bering Sea Fisheries Research Foundation (WA)
Year: 2024 Accepted: 2025-09-30
Auditor: Rsm US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1158194 2024-003 Material Weakness Yes I
1158195 2024-003 Material Weakness Yes I
1158196 2024-003 Material Weakness Yes I
1158197 2024-003 Material Weakness Yes I

Programs

ALN Program Spent Major Findings
11.469 Congressionally Identified Awards and Projects $1.87M Yes 1
11.472 Unallied Science Program $241,720 Yes 1
11.437 Pacific Fisheries Data Program $140,000 Yes 1
11.477 Fisheries Disaster Relief $100,103 Yes 0

Contacts

Name Title Type
D8GGHDSW83X5 Scott Goodman Auditee
2062853480 Leslie Sims Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grants of Bering Sea Fisheries Research Foundation and its subsidiary recorded on the accrual basis of accounting and in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). The Schedule summarizes the expenditures of the Foundation under programs of the federal government for the year ended December 31, 2024. Because the schedule presents only a selected portion of the operations of the Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Foundation in accordance with accounting principles generally accepted in the United States of America. The grants listed relate predominately to Research and Development Programs. Assistance Listing Numbers and pass through entity numbers or other identifiers are provided when available.
Expenditures for direct costs are recognized on an accural basis of accounting following the cost accounting principles contained in Title 48 U.S. Code of Federal Regulations Federal Acquisition Regulations System and the Uniform Guidance, as applicable. Under those cost principles, certain types of expenditures are not allowable or are limited as reimbursements. Pass-through entity identifying numbers are presented where available.
Bering Sea Fisheries Research Foundation has elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.

Finding Details

Finding 2024-003
Finding 2024-003: Procurement Policy Federal Agency: Department of Commerce Pass-Through Entities: North Pacific Research Board, Alaska Department of Fish and Game Program Name: Research and Development Cluster Assistance Listing Number: 11.437, 11.469, 11.472 Award Year: January 1, 2024-December 31, 2024 Program Expenditures: $2,462,741 Criteria: In accordance with Title 2 U.S. Code of Federal Regulations (2 CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart D, Procurement Standards (200.317-200.327), entities receiving federal awards are required to have a procurement policy that meets specific compliance criteria. Condition and context: In 2024, the Foundation operated without a formal procurement policy, resulting in significant deficiencies in internal control. The Foundation operated informally with procedures in place to ensure compliance, including internal controls over procurement and suspension and debarment, but lacked the written policy until 2025 when it was implemented by the Board formally. Cause: The Foundation lacked sufficient written policy to comply with federal funding requirements. Effect: The Foundation did not have proper policies in place, as required by federal agencies. Questioned Costs: $0 Repeat Finding: No Recommendation: We recommend Bering Sea Fisheries Research Foundation formally implement a procurement policy. View of Responsible Officials and planned corrective actions: Management agrees with the finding. Please see corrective action plan attached.