Audit 392752

Reporting Federal Agency: U.S. Department of Defense (DoD) Pass-Through Entity: Direct Funded by the U.S. Department of Defense (DoD) Program Name: Award of Cooperative Agreement for the establishment of an APEX Accelerator Assistance Listing Number: 12.002 Award Identification Number: W56KGU2420049 Award Year: 2024-2025 Federal Agency: Small Business Administration Pass-Through Entity: Direct Funded by the Small Business Administration Program Name: San Diego & Imperial Women's Business Center Assistance Listing Number: 59.043 Award Identification Number: SBAOEDWB220079 Award Year: 2024-2025 Criteria Under the Federal Funding Accountability and Transparency Act, as implemented by 2 CFR Part 170, non‑federal entities are required to report each first‑tier subaward with a total obligation or face value of $30,000 or more in the Federal Subaward Reporting System (FSRS) through SAM.gov. FFATA reports are required to be submitted no later than the last day of the month following the month in which the subaward obligation was made. Condition Material Weakness in Internal Control over Compliance and Noncompliance – The Foundation did not fully comply with FFATA reporting requirements. During testing over FFATA reporting requirements, the following deficiencies were noted:  For the Award of Cooperative Agreement for the establishment of an APEX Accelerator program, the single subaward obligation was submitted untimely.  For the San Diego & Imperial Women’s Business Center program, of the two subaward obligations tested, one was not submitted and one was submitted untimely. Questioned Costs There are no questioned costs associated with the condition identified. Context/Sampling All subaward obligations were selected for testing. The quantity and subaward obligation errors were noted as follows: Quantity Dollar Value Total Tested 3 $1,650,000 Not Reported 1 450,000 Not Timely 2 1,200,000 Obligation Incorrect - - Missing Key Elements - - Effect Subaward obligations were not reported in the SAM.gov website and therefore excluded from public information disclosure. Cause The Foundation did not have adequate internal controls to ensure subaward information was submitted in accordance with the FFATA reporting requirements. The FAIN number for San Diego & Imperial Women's Business Center provided by the SBA is reported as “invalid” upon entry into Sam.gov, thus causing the Foundation to be unable to report the subawards under this FAIN number. Repeat Finding (Yes or No) No. Recommendation The Foundation should enhance internal controls to ensure FFATA reporting requirements are met timely and completely, including procedures for monitoring reporting deadlines and addressing unresolved reporting issues.