FAC Explorer

Audit 372869

FY End
2025-06-30
Total Expended
$3.47M
Findings
1
Programs
2
Organization: Volunteer Energy Cooperative (TN)
Year: 2025 Accepted: 2025-12-03
Auditor: WINNETT ASSOCIATES PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1163359 2025-001 Material Weakness Yes I

Programs

ALN Program Spent Major Findings
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $2.10M Yes 1
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $1.36M Yes 0

Contacts

Name Title Type
CFFCDKP4T965 Mark Verstynen Auditee
4233347010 Patrick R Lile Auditor
No contacts on file

Notes to SEFA

The Schedule of Expenditures of Federal Awards summarizes the expenditures of Volunteer Energy Cooperative under programs of the federal government for the year ended June 30, 2025. The schedule is presented using the accrual basis of accounting.
Volunteer Energy Cooperative did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2025-001
Criteria: Section D.20 of the grant contract between the State of Tennessee and Volunteer Energy Cooperative requires the grantee to comply with 2 C.F.R. Sections 200.317 - 200.326 when procuring property and services. These regulations require, in part, that grantees must have documented procurement procedures consistent with 2 C.F.R. Sections 200.317 - 200.327. Cause, Condition and Effect: While the Cooperative does have written procurement procedures, they do not include all of the required procurement procedures as defined within 2 C.F.R. Sections 200.317-200.327. Specifically, procedures addressing the publication of bidding notices and sealed bidding are not included. Recommendation: Documented procurement procedures for federal awards should be updated to be consistent with the requirements of 2 C.F.R. Sections 200.317-200.327.