FAC Explorer

Audit 43423

FY End
2022-08-31
Total Expended
$8.33M
Findings
2
Programs
11
Organization: Associated Beth Rivka School for Girls and Affiliates (NY)
Year: 2022 Accepted: 2023-05-30
Auditor: Roth & Company LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
50370 2022-001 Material Weakness - C
626812 2022-001 Material Weakness - C

Programs

ALN Program Spent Major Findings
84.063 Federal Pell Grant Program $1.18M Yes 0
10.559 Summer Food Service Program for Children $903,975 - 0
10.553 School Breakfast Program $833,361 - 0
84.287 Twenty-First Century Community Learning Centers $352,000 - 0
93.600 Head Start $162,744 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $57,644 Yes 0
84.033 Federal Work-Study Program $51,501 Yes 0
10.555 National School Lunch Program $49,708 - 0
97.008 Non-Profit Security Program $44,610 - 0
10.649 Pandemic Ebt Administrative Costs $4,391 - 0
84.425 Education Stabilization Fund $2,850 Yes 0

Contacts

Name Title Type
K6N6K62DDG68 Sholom Goldstein Auditee
7187350400 Zacharia Waxler Auditor
No contacts on file

Notes to SEFA

Title: SUBRECIPIENTS Accounting Policies: Expenditures reported on 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 are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: Associated Beth Rivka School for Girls and Affiliates has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Associated Beth Rivka School for Girls and Affiliates did not provide any federal awards to subrecipients.
Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on 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 are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: Associated Beth Rivka School for Girls and Affiliates has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Associated Beth Rivka School for Girls and Affiliates under programs of the federal government for the year ended August 31, 2022. The information in this schedule is presented in accordance with the requirement of Title 2 U.S. Code of Federal Regulations 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 Associated Beth Rivka School for Girls and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Associated Beth Rivka School for Girls and Affiliates.
Title: NONCASH AWARDS Accounting Policies: Expenditures reported on 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 are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: Associated Beth Rivka School for Girls and Affiliates has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The amount of food commodities reported on the schedule of federal expenditures is the value of food commodities distributed by Associated Beth Rivka School for Girls and Affiliates and priced as prescribed by the United States Department of Agriculture.

Finding Details

Finding 2022-001
Finding 2022-001: Cash Management ? Disbursement U.S. Department of Education ? Education Stabilization Fund COVID-19 Institutional Portion ? ALN 84.425F Criteria: Non-federal entities must minimize the time elapsing between the transfer of funds from the US Treasury or pass-through entity and disbursement by the non-federal entity for direct program or project costs and the proportionate share of allowable indirect costs, whether the payment is made by electronic funds transfer, or issuance or redemption of checks, warrants, or payment by other means (2 CFR section 200.305(b)). Condition: Management implemented a financial management system that meets the specified standards for fund control and accountability, but the system failed to ensure disbursement of funds within the required timeframe. Questioned Costs: None noted. Repeat Finding: This is not a repeat finding. Cause: Management did not accurately identify the required timeframe of disbursement for funds received under the Institutional Portion subprogram. A mitigating factor is the uniqueness of the Institutional Portion subprogram. Effect: Institutional Portion funds used to defray expenses associated with coronavirus was not disbursed within the required 3 calendar days of the drawdown from ED?s G5 grants system. Recommendation: Before drawing down from ED?s G5 grants system, management should familiarize themselves with the applicable terms, conditions, and requirements governing the organization?s use of the grant funds, and then implement a system of controls that will ensure compliance with those terms. Views of Responsible Parties and Corrective Action Plan: Management concurs with the finding. Since the program is not applicable to the organization after the issuance date of the financial statements, no corrective action is necessary.
Finding 2022-001
Finding 2022-001: Cash Management ? Disbursement U.S. Department of Education ? Education Stabilization Fund COVID-19 Institutional Portion ? ALN 84.425F Criteria: Non-federal entities must minimize the time elapsing between the transfer of funds from the US Treasury or pass-through entity and disbursement by the non-federal entity for direct program or project costs and the proportionate share of allowable indirect costs, whether the payment is made by electronic funds transfer, or issuance or redemption of checks, warrants, or payment by other means (2 CFR section 200.305(b)). Condition: Management implemented a financial management system that meets the specified standards for fund control and accountability, but the system failed to ensure disbursement of funds within the required timeframe. Questioned Costs: None noted. Repeat Finding: This is not a repeat finding. Cause: Management did not accurately identify the required timeframe of disbursement for funds received under the Institutional Portion subprogram. A mitigating factor is the uniqueness of the Institutional Portion subprogram. Effect: Institutional Portion funds used to defray expenses associated with coronavirus was not disbursed within the required 3 calendar days of the drawdown from ED?s G5 grants system. Recommendation: Before drawing down from ED?s G5 grants system, management should familiarize themselves with the applicable terms, conditions, and requirements governing the organization?s use of the grant funds, and then implement a system of controls that will ensure compliance with those terms. Views of Responsible Parties and Corrective Action Plan: Management concurs with the finding. Since the program is not applicable to the organization after the issuance date of the financial statements, no corrective action is necessary.