FAC Explorer

Audit 39887

FY End
2022-12-31
Total Expended
$992,023
Findings
2
Programs
1
Organization: Seattle Good Business Network (WA)
Year: 2022 Accepted: 2023-09-27
Auditor: Greenwood Ohlund

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
41945 2022-001 Material Weakness - M
618387 2022-001 Material Weakness - M

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $992,023 Yes 1

Contacts

Name Title Type
F7JFDCC2LQ29 Erin Adams Auditee
2066292346 Andrew Van Ness Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Seattle Good Business Network has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance for the year ended December 31, 2022. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Seattle Good Business Network under programs of the federal government for the year ended December 31, 2022. 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). Because the Schedule presents only a selected portion of the operations of Seattle Good Business Network, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Seattle Good Business Network.

Finding Details

Finding 2022-001
Criteria: Under the Uniform Guidance, pass-through entities must ensure that every subaward is clearly identified to the subrecipient as a subaward and includes specific information identifying the federal award at the time of the subaward (2 CFR 200.332(a)). Additionally, entities receiving federal awards must establish and maintain effective internal control over federal awards that provides reasonable assurance that the entity is managing the awards in compliance with federal statutes, regulations, and the terms and conditions of the awards (2 CFR 200.303(a)). Condition: Subaward agreements did not include certain required information such as the name and assistance listing number of the original federal award. Questioned Costs: Unknown Cause: Staff members at Seattle Good Business Network were not aware of the requirements for amounts passed through to subrecipients. Context: Seattle Good Business Network has not previously received significant federal awards and did not have adequate internal controls established to ensure all required communications were made to subrecipients. Effect: Failure to notify subrecipients of federal award information may result in subrecipients not properly administering the Coronavirus State and Local Fiscal Recovery Funds program in accordance with statutes, regulations, and the terms and conditions of the award. Recommendation: We recommend that Seattle Good Business Network updates its standard subaward agreements to include all required federal award information and implements policies and procedures to ensure staff are informed of all federal award compliance requirements. Views of Responsible Officials: There is no disagreement with the finding. See the attached unaudited corrective action plan.
Finding 2022-001
Criteria: Under the Uniform Guidance, pass-through entities must ensure that every subaward is clearly identified to the subrecipient as a subaward and includes specific information identifying the federal award at the time of the subaward (2 CFR 200.332(a)). Additionally, entities receiving federal awards must establish and maintain effective internal control over federal awards that provides reasonable assurance that the entity is managing the awards in compliance with federal statutes, regulations, and the terms and conditions of the awards (2 CFR 200.303(a)). Condition: Subaward agreements did not include certain required information such as the name and assistance listing number of the original federal award. Questioned Costs: Unknown Cause: Staff members at Seattle Good Business Network were not aware of the requirements for amounts passed through to subrecipients. Context: Seattle Good Business Network has not previously received significant federal awards and did not have adequate internal controls established to ensure all required communications were made to subrecipients. Effect: Failure to notify subrecipients of federal award information may result in subrecipients not properly administering the Coronavirus State and Local Fiscal Recovery Funds program in accordance with statutes, regulations, and the terms and conditions of the award. Recommendation: We recommend that Seattle Good Business Network updates its standard subaward agreements to include all required federal award information and implements policies and procedures to ensure staff are informed of all federal award compliance requirements. Views of Responsible Officials: There is no disagreement with the finding. See the attached unaudited corrective action plan.