FAC Explorer

Audit 53994

FY End
2022-06-30
Total Expended
$6.11M
Findings
2
Programs
1
Organization: Iowa Association of Area Education Agencies (IA)
Year: 2022 Accepted: 2023-02-13
Auditor: Schnurr & Company LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
58544 2022-001 - - P
634986 2022-001 - - P

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $6.11M Yes 1

Contacts

Name Title Type
RSJ6BC8GCTB7 Sharon Houg Auditee
5632451480 Murray Stanley Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported in the Schedule are reported on the modified 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. Iowa Association of Area Education Agencies had no grants passed through to subrecipients. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
2022-001 Written Policies Criteria ? Uniform Guidance requires documented written policies and procedures for Federal program compliance requirement areas. Condition ? The Association does not have written policies and procedures as required by Uniform Guidance. Cause ? The Association was subject to Uniform Guidance for the first time and was not aware of the requirements to have written policies and procedures. The Association is working on developing the written policies and procedures. Effect ? Not having written policies and procedures puts the Association in a position of not complying with Uniform Guidance. Recommendation ? The Association should prepare written policies and procedures to comply with Uniform Guidance. Response ? We will prepare written policies and procedures to comply with Uniform Guidance. Conclusion ? Response accepted.
Finding 2022-001
2022-001 Written Policies Criteria ? Uniform Guidance requires documented written policies and procedures for Federal program compliance requirement areas. Condition ? The Association does not have written policies and procedures as required by Uniform Guidance. Cause ? The Association was subject to Uniform Guidance for the first time and was not aware of the requirements to have written policies and procedures. The Association is working on developing the written policies and procedures. Effect ? Not having written policies and procedures puts the Association in a position of not complying with Uniform Guidance. Recommendation ? The Association should prepare written policies and procedures to comply with Uniform Guidance. Response ? We will prepare written policies and procedures to comply with Uniform Guidance. Conclusion ? Response accepted.