FAC Explorer

Audit 43747

FY End
2022-08-31
Total Expended
$1.14M
Findings
2
Programs
2
Organization: Wallis Annenberg Center for the Performing Arts (CA)
Year: 2022 Accepted: 2023-09-28
Auditor: Cohnreznick LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
50904 2022-002 Significant Deficiency Yes L
627346 2022-002 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
59.075 Shuttered Venue Operators Grant Program $1.13M Yes 1
45.024 Promotion of the Arts_grants to Organizations and Individuals $10,000 - 0

Contacts

Name Title Type
X6WERN1ZNZA6 John Ryan Auditee
3102463800 Michael Good Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Wallis Annenberg Center for the Performing Arts (The Wallis) under programs of the federal government for the year ended August 31, 2022. 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 (the "Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of The Wallis, it is not intended to and does not present the consolidated financial position, or cash flows of The Wallis. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-002
Criteria: Uniform Guidance Section 512(a) states that Uniform Guidance reporting package and the data collection form are required to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the receipt of the auditors reports or nine months after the end of the audit period, unless a longer period of time was agreed to in advance by the cognizant or oversight agency for the audit. Condition/Context: The Organization did not submit its Uniform Guidance reporting package and data collection form (FormSF-SAC) for the fiscal year ended August 31, 2022 to the Federal Audit Clearinghouse by the required due date. Cause:Regular month-end procedures have been developed, but the Organization was unable to identify and provide all of the necessary information to the auditor in a timely manner. Effect:The Organization required additional time to complete the audit and did not comply with the Uniform Guidance reporting requirements. Auditor's Recommendation:The Organization should be aware of applicable Uniform Guidance filing deadlines and reporting requirements and should maintain adequate books and records in order to ensure an efficient audit process and avoid future delinquent filings.
Finding 2022-002
Criteria: Uniform Guidance Section 512(a) states that Uniform Guidance reporting package and the data collection form are required to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the receipt of the auditors reports or nine months after the end of the audit period, unless a longer period of time was agreed to in advance by the cognizant or oversight agency for the audit. Condition/Context: The Organization did not submit its Uniform Guidance reporting package and data collection form (FormSF-SAC) for the fiscal year ended August 31, 2022 to the Federal Audit Clearinghouse by the required due date. Cause:Regular month-end procedures have been developed, but the Organization was unable to identify and provide all of the necessary information to the auditor in a timely manner. Effect:The Organization required additional time to complete the audit and did not comply with the Uniform Guidance reporting requirements. Auditor's Recommendation:The Organization should be aware of applicable Uniform Guidance filing deadlines and reporting requirements and should maintain adequate books and records in order to ensure an efficient audit process and avoid future delinquent filings.