FAC Explorer

Audit 373103

FY End
2024-12-31
Total Expended
$1.07M
Findings
2
Programs
2
Organization: Martindale Brightwood Community Development Corporation (IN)
Year: 2024 Accepted: 2025-12-05
Auditor: DONOVAN PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1163499 2024-001 Material Weakness Yes L
1163500 2024-002 Material Weakness Yes A

Programs

ALN Program Spent Major Findings
17.259 WIA YOUTH ACTIVITIES $531,958 Yes 2
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $20,800 Yes 0

Contacts

Name Title Type
FQ9EDHKH5RG3 Amina B. Pierson Auditee
3179248042 David Lemler Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal granting activity of Martindale Brightwood Community Development Corporation (MBCDC) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
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.
MBCDC did not elect to use the 10% de minimis indirect cost rate based on specific grant agreements as covered in section 200.414 of the Uniform Guidance for Federal Awards.

Finding Details

Finding 2024-001
Finding 2024-001 – Filing Annual Reports Timely Statement of Condition: MBCDC violated the single audit requirements by not filing the Single Audit Data Collection Form (SF-SAC) to the Federal Audit Clearinghouse in a timely manner for both years ended December 31, 2024 and 2023. Criteria: When there are federal expenditures that exceed the amount of $750,000, the SF-SAC must be filed in a timely manner to ensure compliance with reporting requirements. Effect or Potential Effect: MBCDC is in violation of the Federal Audit Clearinghouse guidelines. Cause: Unaware of Federal Audit Clearinghouse filing requirements. Recommendation: MBCDC will file the current and prior year audited financials with the SFSAC to the Federal Audit Clearinghouse. Questioned Costs: $0 Reporting Views of Responsible Officials: MBCDC will file the 2024 and 2023 audited financial statements with the Federal Audit Clearinghouse to be back in compliance. Actions Taken or Plan on the Finding: MBCDC will file the 2024 and 2023 audited financial statements with the Federal Audit Clearinghouse and will continue to do so when required.
Finding 2024-002
Finding 2024-002 – Monthly Reporting/Tracking of Government Grants Statement of Condition: MBCDC receives many cost reimbursement government grants with monthly reporting. During the audit process, MBCDC was unable to provide reports from the accounting software demonstrating the grants are being tracked effectively. These grants are subject to oversight and repayments could occur. Criteria: When receiving federal funds, expenditures must be tracked and recorded in an accurate and consistent manner. Effect or Potential Effect: MBCDC is unable to accurately identify the status of grant expenses from grant sources which may result in over or underspending federal grants. Cause: Inconsistent or incomplete grant expense tracking procedures and tools. Recommendation: MBCDC created a process to track government grants with corresponding expenses to verify overuse or underuse of grant funds. Questioned Costs: $235,119 Reporting Views of Responsible Officials: MBCDC is updating grant tracking processes to better account for federal funds expended. Actions Taken or Plan on the Finding: MBCDC will update the grant tracking spreadsheets for federal funds and devote more resources to proper tracking procedures.