FAC Explorer

Audit 54923

FY End
2022-06-30
Total Expended
$1.30M
Findings
2
Programs
1
Organization: The Arc of the Ozarks (MO)
Year: 2022 Accepted: 2023-02-19
Auditor: Kpm CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
58609 2022-001 Significant Deficiency - Allowable Costs/Cost Principles
635051 2022-001 Significant Deficiency - Allowable Costs/Cost Principles

Programs

ALN Program Spent Major Findings
93.498 Provider Relief Fund $1.30M Yes 1

Contacts

Name Title Type
JK1XJFB4UZK5 John Everest Auditee
4178647887 Barbara Houser 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 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. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of The Arc of the Ozarks under programs of the federal government for the year ended June 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of The Arc of the Ozarks, it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Arc of the Ozarks.
Title: Subrecipients 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. The Arc of the Ozarks did not provide federal awards to subrecipients during the year ended June 30, 2022.

Finding Details

Finding 2022-001
Criteria: Uniform Guidance requires written procedures for cash management and determining the allowability of costs in accordance with Subpart E ? Cost Principals. Condition: The Arc of the Ozarks did not have written procedures for cash management (2 CFR 200.302(b)(6)) and allowable costs determination (2 CFR 200.302(b)(7)) in accordance with Uniform Guidance requirements. Questioned Costs: $0 Cause: The Arc of the Ozarks? written policies and procedures were not updated to include required Uniform Guidance policies. Effect: Employees of The Arc of the Ozarks could enter into a transaction that is not in compliance with Uniform Guidance requirements. Recommendation: We recommend The Arc of the Ozarks draft and adopt written procedures in accordance with Uniform Guidance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding and are in process of developing and implementing the appropriate policies and procedures.
Finding 2022-001
Criteria: Uniform Guidance requires written procedures for cash management and determining the allowability of costs in accordance with Subpart E ? Cost Principals. Condition: The Arc of the Ozarks did not have written procedures for cash management (2 CFR 200.302(b)(6)) and allowable costs determination (2 CFR 200.302(b)(7)) in accordance with Uniform Guidance requirements. Questioned Costs: $0 Cause: The Arc of the Ozarks? written policies and procedures were not updated to include required Uniform Guidance policies. Effect: Employees of The Arc of the Ozarks could enter into a transaction that is not in compliance with Uniform Guidance requirements. Recommendation: We recommend The Arc of the Ozarks draft and adopt written procedures in accordance with Uniform Guidance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding and are in process of developing and implementing the appropriate policies and procedures.