Audit 4488

FY End

2022-12-31

Total Expended

$850,487

Findings

4

Programs

4

Organization: My Project USA (OH)

Year: 2022 Accepted: 2023-11-29

Auditor: Brady Ware & Schoenfeld

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
2669	2022-001	Material Weakness	-	B
2670	2022-002	Significant Deficiency	-	I
579111	2022-001	Material Weakness	-	B
579112	2022-002	Significant Deficiency	-	I

ALN	Program	Spent	Major
84.425	Education Stabilization Fund	$297,805	-
10.569	Emergency Food Assistance Program (food Commodities)	$162,638	-
21.027	Coronavirus State and Local Fiscal Recovery Funds	$50,000	Yes
93.558	Temporary Assistance for Needy Families	$10,700	-

Contacts

Name	Title	Type
DHGVPN2ND4T7	Zerqa Abid	Auditee
6149050977	Melessa Behymer	Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of the Organization under programs of the federal government for the year ended December 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to, and does not present the financial position, changes in net assets, or cash flows of the Organization. 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.NOTE 2 - INDIRECT COST RATE The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: N/A

Finding Details

Finding 2022-001

Finding 2022-001 - Lack of Segregation of Duties (Material Weakness on Internal Control over Financial Reporting) Condition: During our audit it was noted that the Organization lacks segregation of duties for cash receipts and disbursements. Criteria: The Organization should maintain proper segregation of duties in accounting to prevent and detect errors. Cause: The Organization has grown considerably over the past couple of years and has limited accounting staff. Effect: Increased possibility of undetected errors or irregularities. Recommendation: We recommend that the Organization assess the internal controls over cash receipts and disbursements and develop a policy of segregation of duties. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.

Finding 2022-002

Finding 2022-002 - No Formal Procurement Policy (Significant Deficiency and Compliance) Condition: During our audit it was noted that the Organization does not have a formal procurement policy. Criteria: Uniform Guidance imposes strict purchasing requirements on nonprofits receiving federal funding. Cause: The Organization has not previously received federal funding and therefore did not need a formal procurement policy. Effect: Purchases made by the Organization in excess of $10,000 are not meeting the Uniform Guidance requirements. Recommendation: We recommend that if the Organization believes they will be receiving federal funding in the future, they implement a formal procurement policy that follows Uniform Guidance requirements. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.

Finding 2022-001

Finding 2022-001 - Lack of Segregation of Duties (Material Weakness on Internal Control over Financial Reporting) Condition: During our audit it was noted that the Organization lacks segregation of duties for cash receipts and disbursements. Criteria: The Organization should maintain proper segregation of duties in accounting to prevent and detect errors. Cause: The Organization has grown considerably over the past couple of years and has limited accounting staff. Effect: Increased possibility of undetected errors or irregularities. Recommendation: We recommend that the Organization assess the internal controls over cash receipts and disbursements and develop a policy of segregation of duties. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.

Finding 2022-002

Finding 2022-002 - No Formal Procurement Policy (Significant Deficiency and Compliance) Condition: During our audit it was noted that the Organization does not have a formal procurement policy. Criteria: Uniform Guidance imposes strict purchasing requirements on nonprofits receiving federal funding. Cause: The Organization has not previously received federal funding and therefore did not need a formal procurement policy. Effect: Purchases made by the Organization in excess of $10,000 are not meeting the Uniform Guidance requirements. Recommendation: We recommend that if the Organization believes they will be receiving federal funding in the future, they implement a formal procurement policy that follows Uniform Guidance requirements. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.