FAC Explorer

Audit 45042

FY End
2022-09-30
Total Expended
$7.80M
Findings
2
Programs
4
Organization: Energy Outreach Colorado (CO)
Year: 2022 Accepted: 2023-01-25
Auditor: Kundinger Corder & Montoya PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
46451 2022-001 Significant Deficiency - P
622893 2022-001 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
21.023 Emergency Rental Assistance Program $5.33M Yes 1
93.568 Low-Income Home Energy Assistance $1.31M - 0
21.019 Coronavirus Relief Fund $800,000 - 0
81.042 Weatherization Assistance for Low-Income Persons $361,844 - 0

Contacts

Name Title Type
FLPLJ14K4X52 Sebastian Dieme Auditee
3038258750 Ken Fichter Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: 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 are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The indirect cost rate billed by Energy outreach Colorado for the year ended September 30, 2022 allowed under Uniform Guidance are between 0% and 9%. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Energy Outreach Colorado under programs of the federal government for the year ended September 30, 2022. The information in this Schedule is presented in accordance with 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 Energy Outreach Colorado, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Energy Outreach Colorado.
Title: Subrecipient Awards Accounting Policies: 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 are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The indirect cost rate billed by Energy outreach Colorado for the year ended September 30, 2022 allowed under Uniform Guidance are between 0% and 9%. There were no awards passed through by Energy Outreach Colorado to subrecipients for the year ended September 30, 2022.

Finding Details

Finding 2022-001
Criteria and Condition: Energy Outreach is responsible for preparing a complete and accurate Schedule of Expenditures of Federal Awards (SEFA). Energy Outreach incorrectly prepared the SEFA, omitting activity of two federal awards. Energy Outreach was able to provide a complete and accurate SEFA once management was informed of the omitted programs. Context: Energy Outreach received funding from the U.S. Department of the Treasury as support for utility and emergency rental assistance. The SEFA from management omitted this activity, resulting in the SEFA underreporting federal activity by $6,125,613. Cause: As a result of the financial statement audit, the missing activity was identified. The SEFA provided by management was incomplete due to a lack of communication between the program and accounting departments. Effect: The SEFA is considered inaccurate without including all federal funding received which could result in improperly selecting major programs to be tested. Recommendation: We recommend Energy Outreach?s management obtain appropriate training on the requirements for reporting federal programs on the SEFA.
Finding 2022-001
Criteria and Condition: Energy Outreach is responsible for preparing a complete and accurate Schedule of Expenditures of Federal Awards (SEFA). Energy Outreach incorrectly prepared the SEFA, omitting activity of two federal awards. Energy Outreach was able to provide a complete and accurate SEFA once management was informed of the omitted programs. Context: Energy Outreach received funding from the U.S. Department of the Treasury as support for utility and emergency rental assistance. The SEFA from management omitted this activity, resulting in the SEFA underreporting federal activity by $6,125,613. Cause: As a result of the financial statement audit, the missing activity was identified. The SEFA provided by management was incomplete due to a lack of communication between the program and accounting departments. Effect: The SEFA is considered inaccurate without including all federal funding received which could result in improperly selecting major programs to be tested. Recommendation: We recommend Energy Outreach?s management obtain appropriate training on the requirements for reporting federal programs on the SEFA.