FAC Explorer

Audit 7695

FY End
2022-06-30
Total Expended
$1.42M
Findings
2
Programs
3
Organization: Communities in Schools Memphis, Inc. (TN)
Year: 2022 Accepted: 2023-12-20
Auditor: Hhm CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
5697 2022-002 Significant Deficiency - P
582139 2022-002 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
17.259 Wia Youth Activities $1.09M Yes 1
84.010 Title I Grants to Local Educational Agencies $200,000 - 0
93.558 Temporary Assistance for Needy Families $137,500 - 0

Contacts

Name Title Type
TKH6NB5BL347 Sonji Branch Auditee
9014417916 Ted Bruno Auditor
No contacts on file

Notes to SEFA

Title: Note (1) - Basis of Presentation Accounting Policies: Basis of presentation, basis of accounting, indirect cost rate De Minimis Rate Used: N Rate Explanation: Rate used per pass-through entity The information in this 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 (Uniform Guidance). Because this schedule presents only a selected portion of the operations of Communities In Schools of Memphis, Inc., it is not intended and does not present the net position or changes in net position of the Organization.
Title: Note (2) - Basis of Accounting Accounting Policies: Basis of presentation, basis of accounting, indirect cost rate De Minimis Rate Used: N Rate Explanation: Rate used per pass-through entity Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note (3) - Indirect Cost Rate Accounting Policies: Basis of presentation, basis of accounting, indirect cost rate De Minimis Rate Used: N Rate Explanation: Rate used per pass-through entity The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2022-002
Finding: 2022-002: Internal Control over Compliance Criteria or Specific Requirements: Management is responsible for submitting financial statements to Workforce Midsouth within 30 days after the receipt of the audit or nine months after year end, whichever is shorter. Condition: The Organization’s prior year financial statements were not released to them until April 12, 2022. For the current year, the report is being released later than nine months after year end as well. Cause: The Organization experienced some difficulty with their accounting system causing the year end close not to happen timely. Effect: The untimely closing did not allow the accounting staff the proper time to prepare for the financial statement audit and Single Audit required under the Uniform Guidance. Auditor’s Recommendation: Management should closely monitor the year end closing processes to ensure that they are being performed timely and accurately. Organization’s Response: Management has and shall continue to monitor and revise year end closing procedures to ensure sufficient controls are in place to assure accounts are closed timely. Status: As of the date of this report, the finding is unresolved, as both current and prior year are now late.
Finding 2022-002
Finding: 2022-002: Internal Control over Compliance Criteria or Specific Requirements: Management is responsible for submitting financial statements to Workforce Midsouth within 30 days after the receipt of the audit or nine months after year end, whichever is shorter. Condition: The Organization’s prior year financial statements were not released to them until April 12, 2022. For the current year, the report is being released later than nine months after year end as well. Cause: The Organization experienced some difficulty with their accounting system causing the year end close not to happen timely. Effect: The untimely closing did not allow the accounting staff the proper time to prepare for the financial statement audit and Single Audit required under the Uniform Guidance. Auditor’s Recommendation: Management should closely monitor the year end closing processes to ensure that they are being performed timely and accurately. Organization’s Response: Management has and shall continue to monitor and revise year end closing procedures to ensure sufficient controls are in place to assure accounts are closed timely. Status: As of the date of this report, the finding is unresolved, as both current and prior year are now late.