FAC Explorer

Audit 414735

FY End
2025-12-31
Total Expended
$4.75M
Findings
1
Programs
1
Organization: Western Pacific Regional Fishery Management Council (HI)
Year: 2025 Accepted: 2026-10-07
Auditor: AKAMINE OYADOMARI & KOSAKI CPA'S INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1240164 2025-002 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
11.441 REGIONAL FISHERY MANAGEMENT COUNCILS $4.75M Yes 1

Contacts

Name Title Type
ZWS4KHNAEEM8 Rose B. Simonds Auditee
8085228220 Wesley Kawachi Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Western Pacific Regional Fishery Management Council (WPRFMC) and is presented 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, certain amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
The expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. In addition, agency or pass-through entity identifying numbers are presented where available.
WPRFMC has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2025-002
Federal Program: U.S. Department of Commerce, Regional Fishery Management Councils CFDA 11.441 Criteria: WPRFMC is required to submit Form SF-425 (Federal Financial Report) for each of its federal awards on a semi-annual basis for the periods ending March 31 and September 30. These reports are due no later than 30 calendar days following the end of each reporting period. Internal controls should provide for these reports to contain accurate, current, and complete financial results (2 CFR §200.302(b)(2)). Condition: For 8 of 18 semiannual Federal Financial Reports tested, the reported cash disbursements understated expenditures recorded in the general ledger. The discrepancies range from understatements of $70 to $45,496. Cause: Internal controls over the recording and classification of expenditures in the general ledger were inadequate to permit the accurate reporting of expenditures within the required 30-day period. Effect or Potential Effect: Financial reports provided to the Department of Commerce could be materially misstated. Identification as a Repeat Finding: None. Recommendation: We recommend WPRFMC improve the necessary internal controls to ensure expenditures are timely and accurately recorded and classified in the general ledger. These controls should provide for the timely reconciliation of cash disbursements reported on the Federal Financial Reports to expenditures recorded for each federal award in the general ledger.