FAC Explorer

Audit 378469

FY End
2022-06-30
Total Expended
$1.99M
Findings
3
Programs
1
Organization: Compañia de Turismo de Puerto Rico (PR)
Year: 2022 Accepted: 2025-12-31
Auditor: RSM PUERTO RICO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1167400 2022-001 Material Weakness Yes L
1167401 2022-002 Material Weakness Yes L
1167402 2022-003 Material Weakness Yes I

Programs

ALN Program Spent Major Findings
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $1.99M Yes 3

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 grant activities of the Puerto Rico Tourism Company (the Company) and is presented on the accrual basis of accounting. 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.
The Schedule was prepared using the accrual basis of accounting. Such expenses 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 2022-001
Condition: The Company did not submit the required data collection form and reporting package for the year ended June 30, 2022, within the required period. Cause: The Company did not have available the financial information necessary to complete the audit procedures and single audit reporting package. Effect or potential effect: Condition may result in noncompliance with the requirements of Reporting. Questioned Costs: None
Finding 2022-002
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 Context: The Company did not submit twelve (12) of eighteen (18) of the financial reports required for the following dates: Bi-weekly report due November 19, 2021 April 1, 2022 February 4, 2022 January 7, 2022 May 20, 2022 April 22, 2022 February 18, 2022 January 21, 2022 June 3, 2022 May 6, 2022 March 18, 2022 June 17, 2022 Also, the Company submitted with delay three (3) of the six (6) submitted reports. The delayed reports were the following: Bi-weekly report due date Filling date November 5, 2021 Days on delay November 10, 2021 December 3, 2021 December 4, 2021 5 days December 17, 2021 1 day December 20, 2021
Finding 2022-003
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