FAC Explorer

Audit 370316

FY End
2024-09-30
Total Expended
$6.06M
Findings
4
Programs
6
Organization: Alaska Ocean Observing System (AK)
Year: 2024 Accepted: 2025-10-02
Auditor: Kpmg LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1159732 2024-002 Material Weakness Yes L
1159733 2024-002 Material Weakness Yes L
1159734 2024-002 Material Weakness Yes L
1159735 2024-002 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
47.084 Nsf Technology, Innovation, and Partnerships $556,574 Yes 0
11.472 Unallied Science Program $16,354 Yes 0
15.944 Natural Resource Stewardship $13,508 Yes 0
47.050 Geosciences $4,741 Yes 0
11.431 Climate and Atmospheric Research $3,076 Yes 0
11.012 Integrated Ocean Observing System (ioos) $2,593 Yes 1

Contacts

Name Title Type
LBM9RVNL68F1 Brad Ryan Auditee
9072246345 Beth Stuart 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 Alaska Ocean Observing System (AOOS) under programs of the federal government for the year ended September 30, 2024. The information in this schedule is presented 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 (Uniform Guidance). Federal awards received directly from federal agencies as well as federal awards passed through other organizations are included on the schedule. Because the schedule presents only a selected portion of the operations of AOOS, it is not intended to and does not present the financial position, changes in net position, or cash flows of AOOS.
The schedule of expenditures of federal awards is presented using 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. Subrecipient expenditures are recognized when disbursed. A reconciliation of amounts reported in the financial statements to the amounts reported on the Schedule of Expenditures of Federal Awards is as follows:
AOOS has not entered into any federal loan programs.
AOOS has not elected to use the de minimis 10% indirect cost rate.

Finding Details

Finding 2024-002
Program: ALN 11.012, National Oceanic and Atmospheric Administration, Implementation and Development of Regional Coastal Ocean Observing System, Alaska Ocean Observing System grant numbers NA16NOS0120027, NA21NOS0120094, NA23NOS0120080, NA24NOSX012C0027 Criteria: 2 CFR section 200.303(d)(2), states that a non-federal entity must establish and maintain effective internal control over the federal award that provides reasonable assurance that the non-federal entity is managing the federal award in compliance with federal statues, regulations, and the terms and conditions of the federal award. Condition: Reports were submitted to the federal agency without documented review or approval by management. Cause: The entity contracts with another organization to act as its fiscal agent. The fiscal agent experienced significant turnover and delays in hiring qualified personnel for finance roles, and the entity did not retain documentation of report reviews. Possible asserted effect: Lack of review increases the risk of submitting incomplete or inaccurate information, potentially leading to audit findings or questioned costs. Questioned costs: None Context: Inspection of all reports submitted during the year indicated that no financial or performance reports had documented approval prior to submission. Statistical sampling: No Repeat finding: No Recommendations: We recommend the entity work with its fiscal agent to provide oversight and compensating controls in times of staff vacancy, and develop policies that incorporate review and documentation of review of reports prior to them being submitted to the granting agencies. Views of responsible officials: AOOS will work with its fiscal agent to strengthen oversight and establish compensating controls during staff vacancies to ensure proper review of reports. In addition, AOOS will develop and implement policies that require management review and documentation of all reports prior to submission to granting agencies, thereby ensuring accuracy, accountability, and compliance with federal requirements