FAC Explorer

Audit 391968

FY End
2025-06-30
Total Expended
$2.37M
Findings
3
Programs
2
Organization: Readyct, Inc. (CT)
Year: 2025 Accepted: 2026-03-16
Auditor: WHITTLESEY PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1179580 2025-001 Material Weakness Yes B
1179581 2025-001 Material Weakness Yes B
1179582 2025-001 Material Weakness Yes B

Programs

ALN Program Spent Major Findings
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $699,445 Yes 0
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $433,236 Yes 1

Contacts

Name Title Type
P4T5Z4LGQ8N7 Shannon Marimon Auditee
6504002076 Kimberly Napp Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of State Financial Assistance includes the federal award activity of ReadyCT, Inc. under the programs of the Federal government 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 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 ReadyCT, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of ReadyCT, Inc.
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. ReadyCT, Inc. has elected to use the 10-15% minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.

Finding Details

Finding 2025-001
Finding No. 2025-001 Assistance Listing Program Title and Number: Coronavirus State and Local Fiscal Recovery Funds 21.027 Federal Agency: U.S. Department of Treasury Type of Finding: • Material Weakness in Internal Control over Compliance • Material Noncompliance (Modified Opinion) Criteria: Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards requires compliance with the provisions of allowable costs. ReadyCT, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing, it was noted that the Organization does not have a standard policy requiring the preparation of time sheets or personal activity reports (PAR) for all employees on a monthly basis that are signed off on by the employee and the supervisor. Therefore, we were unable to determine whether payroll expenses were properly charged and were allowable. Questioned Costs: Unknown Context: ReadyCT, Inc. is charging payroll to grants based on the budgeted payroll expenses which does not correspond with the actual salary expense that should have been allocated to the award. Salaries and benefits charged to this award represent approximately 41% of total award expenditures and 15% of total salaries and benefits costs incurred by the Organization for the fiscal year ended June 30, 2025. While costs charged to the grant for salaries and benefits did not exceed the established budget, without supporting activity reports or time sheets, it is unknown if the payroll costs charged to the grant were allowable. Cause: Management believed that they should charge the grant based on budget, updated periodically for changes in awards or personnel. Effect: The effect is that it is undeterminable whether salaries charged represent the grant's allocable share. Repeat Finding: Yes Recommendation: ReadyCT, Inc. should formalize a process of employee documentation of time and effort based upon actual salaries and benefits for the grant as well as supervisor review over allocations to the award to ensure that allocations are based on actual time and effort. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.