FAC Explorer

Audit 411475

FY End
2025-06-30
Total Expended
$11.42M
Findings
1
Programs
2
Organization: Cardiovascular Center Corporation of Puerto Rico and the Caribbean (PR)
Year: 2025 Accepted: 2026-09-21
Auditor: GALINDEZ LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1235847 2025-004 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $10.75M Yes 1
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $670,889 Yes 0

Contacts

Name Title Type
DFKFQFTGJ548 Jesus Rodriguez Aviles Auditee
7877548500 Taireli Hidalgo Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule or SEFA) includes the federal grant activity of Cardiovascular Center Corporation of Puerto Rico and the Caribbean (the Corporation), under programs of the federal government for the year ended June 30, 2025. The information included in the Schedule is prepared 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 (the Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in or used in the preparation of the financial statements of the Corporation. Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to, and does not, present the financial position, results of operations and cash flows of the Corporation.
Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. The Corporation has elected not to use the 10 percent de minimis indirect cost rate, as allowed under the Uniform Guidance.
The assistance listing numbers included in the Schedule are determined based on the program name, review of grant contract information and the System for Award Management (SAM).
The major federal programs are identified in the Summary of Auditors’ Results Section in the Schedule of Findings and Questioned Costs. Federal programs are presented by federal agency.

Finding Details

Finding 2025-004
Finding No. 2025-004 – Audit Requirements For Auditees – Report Submission Federal Program ALN 97.036 Disaster Grants – Public Assistance (Presidentially Declared Disaster) Program Name of Federal Agency U.S Department of Homeland Security Pass-through Entity Central Office of Recovery, Reconstruction and Resiliency (COR3) Category Non-compliance / Significant deficiency in internal controls over compliance Compliance Requirements Reporting Criteria As required by the audit 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), § 200.512 Report submission (a) (1), “ the audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day”. Condition The data collection form and the reporting package for the year ended on June 30, 2025 was not submitted to the Federal Audit Clearinghouse within the timeframe prescribed by the Uniform Guidance. Cause Accounting and reporting processes are being significantly delayed and thus, the information necessary to complete the financial statement audit procedures was not available within the timeframe prescribed by the Uniform Guidance. Effect As a result of this condition, the federal agencies that have granted funds may issue warnings and/or impose penalties to the Corporation. Also, the federal agencies were prevented from the use of accurate reporting data, which is critical for the effective administration of the federal program and for federal agencies’ budgetary policy analysis. Questioned cost None. Context The Corporation did not comply with the timeframe required to file it’s Uniform Guidance Single Audit Report for the fiscal year ended on June 30, 2025. Identification of a repeat finding This is a repeat finding from the immediate previous audit, Finding No. 2024-005. Recommendation We strongly recommend the Corporation to institute policies and procedures that stipulate the specific tasks and the personnel in charge of filing the required reports. Also, the policies and procedures should designate the member of management in charge of monitoring the compliance with the reporting requirements in order to make sure that the Corporation is filing the reports by their respective due dates. The Corporation’s management and responsible officers agree with this finding. Please refer to the corrective action plan section for the Corporation’s response on pages 71 to 74.