FAC Explorer

Audit 50798

FY End
2022-06-30
Total Expended
$2.01M
Findings
4
Programs
2
Organization: Dayton Performing Arts Alliance (OH)
Year: 2022 Accepted: 2022-12-14
Auditor: Brady Ware & Schoenfeld

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
48394 2022-001 Significant Deficiency - A
48395 2022-002 Significant Deficiency - I
624836 2022-001 Significant Deficiency - A
624837 2022-002 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
59.075 Shuttered Venue Operators Grant Program $2.00M Yes 2
45.024 Promotion of the Arts_grants to Organizations and Individuals $17,500 - 0

Contacts

Name Title Type
RUCJL42ALDL4 Teri Warwick Auditee
9375355462 Melessa Behymer Auditor
No contacts on file

Notes to SEFA

Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Condition: During our audit, we noted a lack of segregation of duties, specifically related to cash receipts. One member of management creates deposit slip, takes deposit to bank, inputs deposit into accounting software and reconciles the bank statement. Criteria: The Alliance should have adequate segregation of duties as part of its internal controls. Cause: The Alliance is a smaller organization with limited availability of staff for segregation. Effect: A member of management could misappropriate assets due to the lack of segregation of duties over cash receipts. Recommendation: We recommend that the Alliance revise their internal controls and policies. The Alliance should implement a system of controls which ensures segregation of duties in the cash receipts cycle. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.
Finding 2022-002
Condition: During our audit it was noted that the Alliance does not have a formal procurement policy. Criteria: Uniform Guidance imposes strict purchasing requirements on nonprofits receiving federal funding. Cause: The Alliance has not previously received federal funding and therefore did not need a formal procurement policy. Effect: Purchases made by the Alliance in excess of $10,000 are not meeting the Uniform Guidance requirements. Recommendation: We recommend that if the Alliance 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
Condition: During our audit, we noted a lack of segregation of duties, specifically related to cash receipts. One member of management creates deposit slip, takes deposit to bank, inputs deposit into accounting software and reconciles the bank statement. Criteria: The Alliance should have adequate segregation of duties as part of its internal controls. Cause: The Alliance is a smaller organization with limited availability of staff for segregation. Effect: A member of management could misappropriate assets due to the lack of segregation of duties over cash receipts. Recommendation: We recommend that the Alliance revise their internal controls and policies. The Alliance should implement a system of controls which ensures segregation of duties in the cash receipts cycle. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.
Finding 2022-002
Condition: During our audit it was noted that the Alliance does not have a formal procurement policy. Criteria: Uniform Guidance imposes strict purchasing requirements on nonprofits receiving federal funding. Cause: The Alliance has not previously received federal funding and therefore did not need a formal procurement policy. Effect: Purchases made by the Alliance in excess of $10,000 are not meeting the Uniform Guidance requirements. Recommendation: We recommend that if the Alliance 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.