FAC Explorer

Audit 51723

FY End
2022-12-31
Total Expended
$2.62M
Findings
2
Programs
10
Organization: Carolina Farm Stewardship Association (NC)
Year: 2022 Accepted: 2023-10-01
Auditor: Dean Dorton Allen Ford PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
50943 2022-001 Significant Deficiency - ABHILM
627385 2022-001 Significant Deficiency - ABHILM

Programs

ALN Program Spent Major Findings
10.175 Farmers Market and Local Food Promotion Program (b) $255,664 - 0
10.902 Soil and Water Conservation $27,701 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $26,016 Yes 0
10.147 Outreach Education and Technical Assistance $20,784 - 0
93.103 Food and Drug Administration_research $17,955 - 0
10.170 Specialty Crop Block Grant Program - Farm Bill $13,636 - 0
10.310 Agriculture and Food Research Initiative (afri) $10,057 - 0
10.215 Sustainable Agriculture Research and Education $7,214 - 0
10.328 National Food Safety Training, Education, Extension, Outreach, and Technical Assistance Competitive Grants Program $3,797 - 0
10.500 Cooperative Extension Service $2,154 - 0

Contacts

Name Title Type
N23QLEEFLDL7 Roland McReynolds Auditee
9195422402 Kati Mossbrook Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.

Finding Details

Finding 2022-001
2022-001 Preparation of Financial Statements Criteria: The Association has a competent finance staff able to perform day-to-day functions of the financial department but does not have staff with technical ability to prevent, detect, and correct a potential misstatement in the financial statements and notes drafted by the auditor. Condition: There exists a lack of technical expertise to draft or prepare the financial statements and related notes in accordance with generally accepted accounting principles. Effect: The financial statements have the potential of misstatement. Cause: The current staff does not have the necessary training and expertise that is required to prepare the financial statements. Recommendation: The Board should obtain the financial expertise necessary to oversee the preparation of the financial statements. Current Status: The Association has a small staff and relies on the auditor to prepare the financial statements with required disclosures. There were no findings relating to the financial statements required to be reported in accordance with generally accepted government auditing standards.
Finding 2022-001
2022-001 Preparation of Financial Statements Criteria: The Association has a competent finance staff able to perform day-to-day functions of the financial department but does not have staff with technical ability to prevent, detect, and correct a potential misstatement in the financial statements and notes drafted by the auditor. Condition: There exists a lack of technical expertise to draft or prepare the financial statements and related notes in accordance with generally accepted accounting principles. Effect: The financial statements have the potential of misstatement. Cause: The current staff does not have the necessary training and expertise that is required to prepare the financial statements. Recommendation: The Board should obtain the financial expertise necessary to oversee the preparation of the financial statements. Current Status: The Association has a small staff and relies on the auditor to prepare the financial statements with required disclosures. There were no findings relating to the financial statements required to be reported in accordance with generally accepted government auditing standards.