FAC Explorer

Audit 45735

FY End
2022-06-30
Total Expended
$787,143
Findings
2
Programs
1
Organization: Wisconsin Procurement Institute, Inc. (WI)
Year: 2022 Accepted: 2023-02-28
Auditor: Reilly Penner & Benton LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
43568 2022-001 - - I
620010 2022-001 - - I

Programs

ALN Program Spent Major Findings
12.002 Procurement Technical Assistance for Business Firms $787,143 Yes 1

Contacts

Name Title Type
NHF1TL24EM25 Aina Vilumsons Auditee
4142703600 Brian Mechenich Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures arenot allowable or are limited as to reimbursement. The Institute has elected not to use the 10-percent de minimis indirectcost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Institute under programs of the federal government for the year ended June 30, 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
Title: Subrecipient Awards Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures arenot allowable or are limited as to reimbursement. The Institute has elected not to use the 10-percent de minimis indirectcost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Institute did not award any funds to subrecipients for the year ended June 30, 2022.

Finding Details

Finding 2022-001
Condition and Criteria: 2 CFR 200.318 states non-federal entities must have and use documented procurement procedures for the acquisition of property or services required under a federal award or subaward. The Institute does not have a documented procurement policy. Cause: The Institute does not make significant purchases of goods or services and therefore the lack of a procurement policy was an administrative oversight. Effect: The Institute is not in compliance with the requirements of the Uniform Guidance. Questioned Costs: There were no questioned costs associated with this finding. Identification of a Repeat Finding: This is not a repeat finding. Auditors? Recommendation: We recommend the Institute implement procurement policies and evaluate these procedures on an annual basis to determine if additional enhancements should be made or new policies created. Views of Responsible Officials: See attachment for the Institute?s corrective action plan.
Finding 2022-001
Condition and Criteria: 2 CFR 200.318 states non-federal entities must have and use documented procurement procedures for the acquisition of property or services required under a federal award or subaward. The Institute does not have a documented procurement policy. Cause: The Institute does not make significant purchases of goods or services and therefore the lack of a procurement policy was an administrative oversight. Effect: The Institute is not in compliance with the requirements of the Uniform Guidance. Questioned Costs: There were no questioned costs associated with this finding. Identification of a Repeat Finding: This is not a repeat finding. Auditors? Recommendation: We recommend the Institute implement procurement policies and evaluate these procedures on an annual basis to determine if additional enhancements should be made or new policies created. Views of Responsible Officials: See attachment for the Institute?s corrective action plan.