FAC Explorer

Audit 55306

FY End
2022-06-30
Total Expended
$4.49M
Findings
2
Programs
2
Organization: Bancroft (NJ)
Year: 2022 Accepted: 2022-11-29
Auditor: Grant Thornton LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
59687 2022-001 Significant Deficiency - L
636129 2022-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
93.498 Provider Relief Fund $3.02M Yes 1
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $1.48M Yes 0

Contacts

Name Title Type
XK21MDENKP61 Rachel Bednarczyk Auditee
8563481194 Michael Sorelle Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the grant activityof Bancroft, a New Jersey Nonprofit Corporation (Bancroft) and is presented on the accrual basis ofaccounting. The information in the Schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in theSchedule may differ from amounts presented in, or used in the preparation of, the basic consolidatedfinancial statements.Bancroft utilizes a negotiated indirect cost rate and has not elected to use the 10% de minimis cost rate. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Finding 2022-001 Reporting - Internal Control Finding 93.498 Provider Relief Fund (PRF) Criteria and Condition: The Health Resources and Services Administration (HRSA) Provider Relief Fund Reporting Portal Reporting User Manual provides guidance on reporting expenses and lost revenues in the HRSA portal. Context: The amount of lost revenue reported by management in the HRSA portal Period 3 submission was incorrect. Management entered positive amounts in the Period 3 submission for lost revenues although no amount of lost revenues should have been reported in the Period 3 submission. Cause and Effect: Management misinterpreted the instructions and reported quarters in which there was no lost revenue in the HRSA portal Period 3 submission. Questioned Costs: Management?s lost revenue calculation supported the Period 3 PRF payments received although the amounts submitted as lost revenues in the portal were incorrect. Therefore, there are no questioned costs identified. Recurring Finding: This finding is not a recurring item. Recommendations: We recommend that management review the HRSA Provider Relief Fund Reporting Portal Reporting User Manual prior to each reporting deadline to ensure any changes communicated are addressed in Bancroft?s submission. Views of Responsible Officials and Planned Corrective Action Plan: Management refers the reader to the separately provided Corrective Action Plan for its remediation.
Finding 2022-001
Finding 2022-001 Reporting - Internal Control Finding 93.498 Provider Relief Fund (PRF) Criteria and Condition: The Health Resources and Services Administration (HRSA) Provider Relief Fund Reporting Portal Reporting User Manual provides guidance on reporting expenses and lost revenues in the HRSA portal. Context: The amount of lost revenue reported by management in the HRSA portal Period 3 submission was incorrect. Management entered positive amounts in the Period 3 submission for lost revenues although no amount of lost revenues should have been reported in the Period 3 submission. Cause and Effect: Management misinterpreted the instructions and reported quarters in which there was no lost revenue in the HRSA portal Period 3 submission. Questioned Costs: Management?s lost revenue calculation supported the Period 3 PRF payments received although the amounts submitted as lost revenues in the portal were incorrect. Therefore, there are no questioned costs identified. Recurring Finding: This finding is not a recurring item. Recommendations: We recommend that management review the HRSA Provider Relief Fund Reporting Portal Reporting User Manual prior to each reporting deadline to ensure any changes communicated are addressed in Bancroft?s submission. Views of Responsible Officials and Planned Corrective Action Plan: Management refers the reader to the separately provided Corrective Action Plan for its remediation.