FAC Explorer

Audit 40992

FY End
2022-06-30
Total Expended
$1.91M
Findings
2
Programs
2
Organization: Rudolphy/mercy Douglass Home for the Blind (PA)
Year: 2022 Accepted: 2023-03-30
Auditor: Ruotolo Spewak and CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
46203 2022-001 - - C
622645 2022-001 - - C

Programs

ALN Program Spent Major Findings
14.181 Section 811 Direct Loan $1.57M Yes 0
14.181 Project Rental Assistance Contract $344,842 Yes 1

Contacts

Name Title Type
XV3WUKGSLRN5 Jeanice M Salter Auditee
2153861808 Dustin B. Ward Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: 1) GENERAL INFORMATION The accompanying schedule of expenditures of federal awards presents the activities in all the federal grant programs of Rudolphy/Mercy-Douglass Home For The Blind (the Project). All financial assistance received directly from federal agencies as well as financial assistance passed through other government agencies or not-for-profit organizations are included on the schedule. 2) BASIS OF ACCOUNTING The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported on this schedule as expenditures may differ from certain financial reports submitted to the funding agencies due to those reports being submitted on the cash basis of accounting. 3) RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards expenditures are reported on the statement of activities as expenses. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of federal awards due to program expenditures exceeding grant or contract budget limitations which are not included as federal awards. De Minimis Rate Used: N Rate Explanation: The Project has not elected to use the 10% de minimis indirect cost rate. SECTION 811 DIRECT LOAN (14.181) - Balances outstanding at the end of the audit period were 1566600.

Finding Details

Finding 2022-001
2022-1 Deposits to Reserve for Replacement Account Sample Size: Twelve monthly deposits to the reserve for replacement account. Criteria: The regulatory agreement requires that monthly deposits be made to the reserve for replacement account. Condition: Five monthly payment into the Reserve for Replacement Account were not made, as required by the Regulatory Agreement. Cause: The Project lacked operating cash to make the required deposits during the year ended June 30, 2022. Effect: Sufficient funds would not be set aside for replacement expenditures. Recommendation: The missing monthly payments should be deposited into the Reserve for Replacement Account immediately. Response: We concur with the recommendation. Two of the delinquent payments have been made as of September 30, 2022 and the remaining 3 payments will be made as of October 31, 2022.
Finding 2022-001
2022-1 Deposits to Reserve for Replacement Account Sample Size: Twelve monthly deposits to the reserve for replacement account. Criteria: The regulatory agreement requires that monthly deposits be made to the reserve for replacement account. Condition: Five monthly payment into the Reserve for Replacement Account were not made, as required by the Regulatory Agreement. Cause: The Project lacked operating cash to make the required deposits during the year ended June 30, 2022. Effect: Sufficient funds would not be set aside for replacement expenditures. Recommendation: The missing monthly payments should be deposited into the Reserve for Replacement Account immediately. Response: We concur with the recommendation. Two of the delinquent payments have been made as of September 30, 2022 and the remaining 3 payments will be made as of October 31, 2022.