FAC Explorer

Audit 40563

FY End
2022-06-30
Total Expended
$1.04M
Findings
2
Programs
12
Organization: YWCA of Missoula (MT)
Year: 2022 Accepted: 2023-03-30
Auditor: Jccs PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
45928 2022-001 Significant Deficiency - P
622370 2022-001 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
14.267 Continuum of Care Program $297,078 Yes 1
16.575 Crime Victim Assistance $206,091 Yes 0
16.020 Justice for Families Program $165,119 - 0
14.231 Emergency Solutions Grant Program $133,287 - 0
93.592 Family Violence Prevention and Services/discretionary $108,250 - 0
16.017 Sexual Assault Services Formula Program $37,912 - 0
16.540 Juvenile Justice and Delinquency Prevention_allocation to States $30,624 - 0
97.024 Emergency Food and Shelter National Board Program $20,000 - 0
14.218 Community Development Block Grants/entitlement Grants $18,000 - 0
16.590 Grants to Encourage Arrest Policies and Enforcement of Protection Orders Program $12,808 - 0
16.589 Rural Domestic Violence, Dating Violence, Sexual Assault, and Stalking Assistance Program $8,358 - 0
16.736 Transitional Housing Assistance for Victims of Domestic Violence, Dating Violence, Stalking, Or Sexual Assault $5,076 - 0

Contacts

Name Title Type
L2E7NCWNJKM6 Jen Euell Auditee
4065436691 Drew Rieker Auditor
No contacts on file

Notes to SEFA

Title: Basis of Accounting Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, except that reported Federal expenditures include purchases of long-lived assets, which are capitalized as assets and not reported as expenses in the consolidated financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The information included in this schedule is presented in accordance with the requirements of the Uniform Guidance and OMB Circular A-122, Cost Principles for Non-profit Organizations. Some amounts may differ from amounts presented in, or used in the preparation of, the basic financial statements. Reported Federal expenditures include only expenditures paid with Federal funds or reportable program income. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of YWCA Missoula and YWCA Missoula Title Holding Company under programs of the federal government for the year ended June 30, 2022. 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). Because the Schedule presents only a selected portion of the operations of YWCA Missoula and YWCA Missoula Title Holding Company, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of YWCA Missoula and YWCA Missoula Title Holding Company.
Title: Subrecipients Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, except that reported Federal expenditures include purchases of long-lived assets, which are capitalized as assets and not reported as expenses in the consolidated financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The information included in this schedule is presented in accordance with the requirements of the Uniform Guidance and OMB Circular A-122, Cost Principles for Non-profit Organizations. Some amounts may differ from amounts presented in, or used in the preparation of, the basic financial statements. Reported Federal expenditures include only expenditures paid with Federal funds or reportable program income. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. YWCA Missoula and YWCA Missoula Title Holding Company provided no awards to subrecipients during the year ended June 30, 2022.

Finding Details

Finding 2022-001
2022-001 REVENUE RECOGNITION Condition and Criteria: During the audit, we discovered a deficiency in the Organization's internal controls related to an unconditional, multi-year grant in which the amounts to be received in future periods were not accrued and recognized in the year the grant was awarded. In accordance with ASC 958-605-25, contributions or grants received with conditions based on time should be recorded as unconditional, with a corresponding donor restriction in net assets due to the passage of time. Cause: The Organization did not have adequate internal controls in place to identify and recognize the unconditional, multi-year grant in question. Effect: The effect of this deficiency in internal controls on the year ended June 30, 2022 was the understatement of grants receivable by $46,000, overstatement of revenue by $133,500. The effect of this deficiency in internal controls on the year ended June 30, 2021 was the understatement of revenue and grants receivable of $179,500. This deficiency has the potential effect of understating financial resources from unconditional grant payments occurring in the future. Recommendation: We recommend the Organization implement procedures to closely review grant agreements to ensure unconditional, multi-year grants are recorded in accordance with U.S GAAP.
Finding 2022-001
2022-001 REVENUE RECOGNITION Condition and Criteria: During the audit, we discovered a deficiency in the Organization's internal controls related to an unconditional, multi-year grant in which the amounts to be received in future periods were not accrued and recognized in the year the grant was awarded. In accordance with ASC 958-605-25, contributions or grants received with conditions based on time should be recorded as unconditional, with a corresponding donor restriction in net assets due to the passage of time. Cause: The Organization did not have adequate internal controls in place to identify and recognize the unconditional, multi-year grant in question. Effect: The effect of this deficiency in internal controls on the year ended June 30, 2022 was the understatement of grants receivable by $46,000, overstatement of revenue by $133,500. The effect of this deficiency in internal controls on the year ended June 30, 2021 was the understatement of revenue and grants receivable of $179,500. This deficiency has the potential effect of understating financial resources from unconditional grant payments occurring in the future. Recommendation: We recommend the Organization implement procedures to closely review grant agreements to ensure unconditional, multi-year grants are recorded in accordance with U.S GAAP.