FAC Explorer

Audit 46514

FY End
2022-09-30
Total Expended
$992,566
Findings
2
Programs
1
Organization: Missouri Chamber of Commerce and Industry Education Foundation (MO)
Year: 2022 Accepted: 2022-11-21
Auditor: Evers & Company Cpa's LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
47909 2022-003 Significant Deficiency - L
624351 2022-003 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
17.268 H-1b Job Training Grants $992,566 Yes 1

Contacts

Name Title Type
XLKBCC3GEL95 Becky Wekenborg Auditee
5736343511 Wendy Renner Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the full 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: Missouri Chamber Foundation has elected not to use the 10% de minimis indirect cost rate approved under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Missouri Chamber Foundation for the year ended September 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). Because the Schedule presents only a selected portion of the operations of Missouri Chamber Foundation, it is not intended and does not present the financial position or change in financial position of Missouri Chamber Foundation. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.

Finding Details

Finding 2022-003
Criteria: In accordance with the requirements of the Federal Funding Accountability and Transparency Act (FFATA) (2CFR Part 170), direct recipients of grants are required to report first-tier of $25,000 or more to the Federal Funding Accountability and Transparency Act Reporting System. Condition: Missouri Chamber Foundation did not comply with the reporting requirements. Context: Missouri Chamber Foundation was unaware of the reporting requirements. In addition the Federal Project Officer did not report a finding in its enhanced desk monitoring review dated March 22, 2022. Effect: Missouri Chamber Foundation is not in compliance with FFATA reporting requirements. Cause of Condition: Insufficient and/or inadequate training of individual responsible for completing reporting requirements. Recommendation: Missouri Chamber Foundation should register in the FFATA Subaward Reporting System and enter first-tier subawards to date greater than $25,000. Missouri Chamber Foundation should continue reporting subawards going forward each time a payment is made to remain in compliance. Views of responsible officials and planned corrective actions: Management concurs with the above recommendation and has registered in the FSRS System and entered all subaward payments to date and will make this a part of their process each time a payment is made.
Finding 2022-003
Criteria: In accordance with the requirements of the Federal Funding Accountability and Transparency Act (FFATA) (2CFR Part 170), direct recipients of grants are required to report first-tier of $25,000 or more to the Federal Funding Accountability and Transparency Act Reporting System. Condition: Missouri Chamber Foundation did not comply with the reporting requirements. Context: Missouri Chamber Foundation was unaware of the reporting requirements. In addition the Federal Project Officer did not report a finding in its enhanced desk monitoring review dated March 22, 2022. Effect: Missouri Chamber Foundation is not in compliance with FFATA reporting requirements. Cause of Condition: Insufficient and/or inadequate training of individual responsible for completing reporting requirements. Recommendation: Missouri Chamber Foundation should register in the FFATA Subaward Reporting System and enter first-tier subawards to date greater than $25,000. Missouri Chamber Foundation should continue reporting subawards going forward each time a payment is made to remain in compliance. Views of responsible officials and planned corrective actions: Management concurs with the above recommendation and has registered in the FSRS System and entered all subaward payments to date and will make this a part of their process each time a payment is made.