FAC Explorer

Audit 375654

FY End
2025-06-30
Total Expended
$1.07M
Findings
1
Programs
3
Organization: Kansas Center for Entrepreneurship Inc (KS)
Year: 2025 Accepted: 2025-12-17
Auditor: ALLEN GIBBS * HOULIK L C

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1165242 2025-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $777,340 Yes 1
21.031 STATE SMALL BUSINESS CREDIT INITIATIVE TECHNICAL ASSISTANCE GRANT PROGRAM $224,243 Yes 0
10.872 HEALTHY FOOD FINANCING INITIATIVE $66,000 Yes 0

Contacts

Name Title Type
K1DCAKM483T3 Trish Brasted Auditee
3162049063 Tara Laughlin Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Kansas Center for Entrepreneurship under programs of the federal government for the year ended June 30, 2025. The information in the 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).
The Economic Development Cluster Assistance Listing #11.307 loan program is administered directly by the Center, and balances and transactions relating to these programs are included in the Center’s basic financial statements. Loans outstanding at June 30, 2025 for this program were $691,240.
For the schedule of expenditures of federal awards (SEFA), the amount expended for the U.S. Department of Commerce COVID-19 - Economic Development Cluster program is determined as follows: "See the Notes to the SEFA for chart/table"

Finding Details

Finding 2025-001
AL# 11.307: COVID-19 Economic Adjustment Assistance, Economic Development Cluster, U.S. Department of Commerce, Federal Award # 05-79-06082 - 2021 Condition: The required performance reports ED-916 and ED-917 were not completed or submitted during the fiscal year. Criteria: 2 CFR 200.303(a) states that the Center is required to 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 statutes, regulations, and the terms and conditions of the federal award. Questioned Costs: None noted. Context: The Center transitioned to the revolving stage of the program and there was a misunderstanding that the ED-916 and ED-917 had to be filed during the revolving stage. The sample size was determined based upon the guidelines provided by the AICPA which is not a statistically valid sample. Cause: The Center misunderstood that the performance reports were applicable during the revolving stage. Effect: Not reporting performance reports may impact the federal agency’s ability to assess the effectiveness of the federal program. Recommendation: We recommend that the Center work with the EDA to understand when reporting requirements will change during the revolving process and complete and submit the ED-916 and ED- 917 reports as soon as possible. Views of Responsible Officials (Unaudited): All EDA reporting will be completed and submitted to ensure the Center is up to date on required filings. In addition, the Center will work with the EDA to understand when reporting requirements will change during the revolving process.