FAC Explorer

Audit 378468

FY End
2023-06-30
Total Expended
$11.38M
Findings
3
Programs
2
Organization: Compañia de Turismo de Puerto Rico (PR)
Year: 2023 Accepted: 2025-12-31
Auditor: RSM PUERTO RICO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1167397 2023-001 Material Weakness Yes L
1167398 2023-002 Material Weakness Yes L
1167399 2023-003 Material Weakness Yes I

Programs

ALN Program Spent Major Findings
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $10.99M Yes 3
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $391,680 Yes 0

Contacts

Name Title Type
TB2GKD6DEVN5 Nilsa Rodriguez Rivera Auditee
7872214837 Norma Vazquez Rodriguez Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Puerto Rico Tourism Company (the Company) under programs of the federal government for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Uniform Guidance 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Company, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Company.
Expenditures reported on the Schedule are presented 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 to reimbursement.
The Company has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance
The Assistance Listing Numbers (AL), formerly Catalog of Federal Domestic Assistance (CFDA) numbers, are the publicly available listings of Federal assistance programs. The first two digits identify the federal department or agency that administers the program, and the last three numbers are assigned by numerical sequence.

Finding Details

Finding 2023-001
Condition: The Company did not submit the required data collection form and reporting package for the year ended June 30, 2023, within the required period. Cause: The Company did not have available the financial information necessary to complete the audit procedures and uniform guidance report. Effect or potential effect: Condition may result in noncompliance with the requirements of Reporting. Questioned Costs: None
Finding 2023-002
Condition: The Company did not submit or submit with delay the required bi-weekly financial reports. Cause: The key personnel in-charge of reporting requirements did not perform the procedures to assure that reports were submitted on time. Effect or potential effect: Condition may result in noncompliance with the requirements for reporting. Questioned Costs: None Identification as repeat finding: This finding is a recurrence of prior year finding 2022-002. Context: The Company did not submit eleven (11) of twenty two (22) of the financial reports required for the following dates: July 1, 2022 Bi-weekly report due August 19, 2022 October 7, 2022 July 15, 2022 February 3, 2023 September 2, 2022 November 18, 2022 August 5, 2022 September 16, 2022 March 3, 2023 December 2, 2022 Also, the Company submitted with delay two (2) of the eleven (11) submitted reports. The delayed reports were the following: Bi-weekly report due date Filling date May 5, 2023 Days on delay May 12, 2023 May 19, 2023 7 days May 25, 2023 6 days
Finding 2023-003
Condition: The key personnel in-charge of completing the procedures regarding eligibility of applicants under programs requirements did not perform the procedures to validate that the person with whom it is intended to do business was not debarred, suspended or otherwise excluded from or ineligible for participation in Federal programs or activities. Cause: Lack of sufficient personnel to perform the task. Effect or potential effect: Lack of formal procedures to assure that the vendors/contractors were not suspended or debarred may lead to an unallowable cost. Questioned Costs: None