FAC Explorer

Audit 374129

FY End
2025-06-30
Total Expended
$1.22M
Findings
16
Programs
5
Organization: Ginseng Board of Wisconsin, Inc. (WI)
Year: 2025 Accepted: 2025-12-11
Auditor: KERBERROSE SC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1164546 2025-001 Material Weakness Yes P
1164547 2025-001 Material Weakness Yes P
1164548 2025-001 Material Weakness Yes P
1164549 2025-001 Material Weakness Yes P
1164550 2025-001 Material Weakness Yes P
1164551 2025-001 Material Weakness Yes P
1164552 2025-001 Material Weakness Yes P
1164553 2025-001 Material Weakness Yes P
1164554 2025-002 Material Weakness Yes P
1164555 2025-002 Material Weakness Yes P
1164556 2025-002 Material Weakness Yes P
1164557 2025-002 Material Weakness Yes P
1164558 2025-002 Material Weakness Yes P
1164559 2025-002 Material Weakness Yes P
1164560 2025-002 Material Weakness Yes P
1164561 2025-002 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
10.605 QUALITY SAMPLES PROGRAM $269,297 Yes 2
10.604 TECHNICAL ASSISTANCE FOR SPECIALTY CROPS PROGRAM $126,284 Yes 2
10.601 MARKET ACCESS PROGRAM $110,512 Yes 2
10.618 REGIONAL AGRICULTURAL PROMOTION PROGRAM $98,931 Yes 2
10.170 SPECIALTY CROP BLOCK GRANT PROGRAM - FARM BILL $54,362 Yes 2

Contacts

Name Title Type
HJPAESMMCV15 Jackie Fett Auditee
7154433542 Zachary Linsmeyer Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grant activity of Ginseng Board of Wisconsin, Inc. under programs of the federal governments for the year ended June 30, 2025. 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 Principals, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a select portion of operations of theOrganization, it is not intended to, and does not, present the financial position and change in net position of the Organization.
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. Ginseng Board of Wisconsin, Inc. has not elected to use the 10 percent de minimis indirect cost rate as allowable under the Uniform Guidance.
Of the federal expenditures presented in the schedule, Ginseng Board of Wisconsin, Inc. provided no federal awards to subrecipients.
The agency is the United States Department of Agriculture.

Finding Details

Finding 2025-001
During our audit, we noted that the internal control system does not include a process for preparing the annual audited financial statements, schedule of expenditures of federal awards, and the related disclosures in accordance with generally accepted accounting principles and the schedule of expenditures of federal awards in accordance with Uniform Guidance.
Finding 2025-002
Various functions of the Organization are performed by the same person. The size of the office staff precludes a proper segregation of functions to assure adequate internal control. The basic premise is that no one employee should have access to both physical assets and the related accounting records or to all phases of a transaction. Limited staff is available to segregate duties.