FAC Explorer

Audit 40559

FY End
2022-12-31
Total Expended
$822,786
Findings
2
Programs
8
Organization: Galveston Bay Foundation, Inc. (TX)
Year: 2022 Accepted: 2023-06-28
Auditor: Blazek & Vetterling

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
44743 2022-002 Significant Deficiency - L
621185 2022-002 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
11.419 Coastal Zone Management Administration Awards $158,464 - 0
15.630 Coastal Program $157,694 - 0
15.623 North American Wetlands Conservation Fund $156,479 Yes 1
66.130 Gulf Coast Ecosystem Restoration Council Comprehensive Plan Component $107,850 Yes 0
11.008 Noaa Mission-Related Education Awards $86,180 - 0
66.475 Gulf of Mexico Program $49,060 - 0
11.463 Habitat Conservation $6,490 - 0
66.456 National Estuary Program $1,348 - 0

Contacts

Name Title Type
WQMNK4LCT9N6 Bob Stokes Auditee
2813323381 Kay Walther Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Basis of presentation The schedule of expenditures of federal awards (the schedule) is prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal expenses include allowable expenses funded by federal grants. Allowable costs are subject to the cost principles of the Uniform Guidance, and include both costs that are capitalized and costs that are recognized as expenses in the Foundations financial statements in conformity with generally accepted accounting principles. The Foundation does not use the 10% de minimis rate for indirect costs. Indirect costs are reported utilizing the Foundations approved indirect cost rate from the U. S. Department of the Interior.Because the schedule presents only a selected portion of the operations of the Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Foundation. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-002
Finding #2022-002 ? Significant Deficiency and Other Noncompliance Applicable federal program: U. S. Department of the Interior North American Wetlands Conservation Fund ALN #15.623 Contract #: F21AP01040 Contract year: 04/01/21 ? 04/01/24 Criteria: Reporting ? Nonprofit organizations are required submit reports to grantors on a schedule set forth in the federal contract. Condition and context: Interim reports were not submitted on time to the grantor agency during the 2022 fiscal year. Cause: Management did not have controls in place to ensure interim reporting was submitted timely. Effect: Failure to establish and maintain internal control procedures over the procurement process may result in the Foundation violating or failing to meet the grant contract requirements. Recommendation: Develop policies and procedures to meet the contract reporting requirements. Views of responsible officers and planned corrective action: Management agrees with the finding. See Corrective Action Plan.
Finding 2022-002
Finding #2022-002 ? Significant Deficiency and Other Noncompliance Applicable federal program: U. S. Department of the Interior North American Wetlands Conservation Fund ALN #15.623 Contract #: F21AP01040 Contract year: 04/01/21 ? 04/01/24 Criteria: Reporting ? Nonprofit organizations are required submit reports to grantors on a schedule set forth in the federal contract. Condition and context: Interim reports were not submitted on time to the grantor agency during the 2022 fiscal year. Cause: Management did not have controls in place to ensure interim reporting was submitted timely. Effect: Failure to establish and maintain internal control procedures over the procurement process may result in the Foundation violating or failing to meet the grant contract requirements. Recommendation: Develop policies and procedures to meet the contract reporting requirements. Views of responsible officers and planned corrective action: Management agrees with the finding. See Corrective Action Plan.