FAC Explorer

Audit 371028

FY End
2023-12-31
Total Expended
$2.00M
Findings
1
Programs
1
Organization: King David Community Center of Atlanta, Inc. (GA)
Year: 2023 Accepted: 2025-10-20
Auditor: LUTHER SPEIGHT AND COMPANY CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1161060 2023-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
59.008 Disaster Assistance Loans $2.00M Yes 1

Contacts

Name Title Type
JKRDPW3GJH74 - Auditee
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes federal grant activity of KDCC and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
The accompanying schedule of expenditures of federal awards covers the fiscal year ended December 31, 2023.
During the year ended December 31, 2023, KDCC did not elect to use the 10% de minimis cost rate.
KDCC expended federal awards related to an Economic Injury Disaster Loan received through the United States Small Business Administration. The outstanding balance at December 31, 2023 was $2,000,000.
KDCC has no federally funded insurance.
KDCC did not receive any federal noncash assistance for the year ended December 31, 2023.

Finding Details

Finding 2023-001
CRITERIA: 2 CFR requires that non-federal entities that expend $750,000 or more in a year in federal awards must submit their audited annual financial reports and the data collection form to the Federal Audit Clearinghouse within thirty (30) days after receipt of the auditor’s report, or nine (9) months of the close of the auditee’s fiscal year. CONDITION: The Organization did not remit the annual audited financial statements and the data collection form to the Federal Audit Clearinghouse within 9 months after year-end as required by the Uniform Guidance. CAUSE: The Organization was not aware they were subject to the requirements of the Uniform Guidance. EFFECT: The Organization is not in compliance with applicable federal regulations. QUESTIONED COSTS: Not applicable RECOMMENDATION: The Organization should implement policies and procedures to ensure the timely filing of any and all required reports. MANAGEMENT'S RESPONSE: See Corrective Action Plan on page 30.