FAC Explorer

Audit 7845

FY End
2020-12-31
Total Expended
$3.15M
Findings
4
Programs
9
Organization: Stebbins Community Association (AK)
Year: 2020 Accepted: 2023-12-20
Auditor: Altman Rogers & CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
5760 2020-001 Significant Deficiency - L
5761 2020-001 Significant Deficiency - L
582202 2020-001 Significant Deficiency - L
582203 2020-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
14.869 Title Vi Federal Guarantees for Financing Tribal Housing Activities $1.64M Yes 1
21.019 Coronavirus Relief Fund $958,953 Yes 1
14.867 Indian Housing Block Grants $235,969 - 0
14.862 Indian Community Development Block Grant Program $131,627 - 0
66.926 Indian Environmental General Assistance Program (gap) $102,244 - 0
15.021 Consolidated Tribal Government Program $55,379 - 0
15.022 Tribal Self-Governance $10,527 - 0
15.033 Road Maintenance_indian Roads $9,872 - 0
15.130 Indian Education_assistance to Schools $6,539 - 0

Contacts

Name Title Type
EHG8C861BUH8 George Flynn Auditee
9079342393 Joseph Bergene Auditor
No contacts on file

Notes to SEFA

Title: Note 3. HUD Title VI Loan Accounting Policies: Note 1. Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Stebbins Community Association under programs of the federal government for the year ended December 31, 2020. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Stebbins Community Association, it is not intended to and does not present the basic financial statements of the Stebbins Community Association. Note 2. Summary of Significant Accounting Policies Expenditures reported on 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amount reported as expenditures in prior years. The Stebbins Community Association has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Stebbins Community Association has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The HUD Title VI Loan process are considered used when project expenditures are incurred. In accordance with the Uniform Guidance, the amount listed on the SEFA is the loan balance at the beginning of fiscal year 2020. The balance outstanding at December 31, 2020 was $958,874 for loan TVI-022-000043 and $631,935 for loan TVI-022-000150.
Title: Note 4. Passed Through Awards Accounting Policies: Note 1. Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Stebbins Community Association under programs of the federal government for the year ended December 31, 2020. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Stebbins Community Association, it is not intended to and does not present the basic financial statements of the Stebbins Community Association. Note 2. Summary of Significant Accounting Policies Expenditures reported on 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amount reported as expenditures in prior years. The Stebbins Community Association has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Stebbins Community Association has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. No amounts were passed through to subrecipients.

Finding Details

Finding 2020-001
Finding 2020-001 Significant Deficiency in Internal Control over Compliance, Noncompliance-Reporting Award Year Agency and Pass-through Entity Grant Title Grant Number Assistance Listing Number 2020 U.S. Department of Treasury COVID-19 CARES Act SLT0808 21.019 2006/2016 U.S. Department of Housing and Urban Development Title VI – Loan Guarantees TVI-022-000150 TVI-022-000043 14.869 Criteria or Specific Requirements- The Council is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end or by any Office of Management and Budget extended deadlines. Condition- The Form SF-SAC for the fiscal year ended December 31,2020 was not filed on time Cause- The audit was not completed in time to file the form, due to a delay in closing books and records. Effect or Potential Effect- The Council was not able to file the Form SF-SAC by the required time. Questioned Costs- None Context- The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended December 31,2020 was filed late. Identification as a repeat finding- No Recommendation- We recommend the Council implement internal control procedures to ensure timely closing of books and records to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials- Management concurs with the findings. Management has implemented new processes to ensure timely reconciliations and closing of the books.
Finding 2020-001
Finding 2020-001 Significant Deficiency in Internal Control over Compliance, Noncompliance-Reporting Award Year Agency and Pass-through Entity Grant Title Grant Number Assistance Listing Number 2020 U.S. Department of Treasury COVID-19 CARES Act SLT0808 21.019 2006/2016 U.S. Department of Housing and Urban Development Title VI – Loan Guarantees TVI-022-000150 TVI-022-000043 14.869 Criteria or Specific Requirements- The Council is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end or by any Office of Management and Budget extended deadlines. Condition- The Form SF-SAC for the fiscal year ended December 31,2020 was not filed on time Cause- The audit was not completed in time to file the form, due to a delay in closing books and records. Effect or Potential Effect- The Council was not able to file the Form SF-SAC by the required time. Questioned Costs- None Context- The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended December 31,2020 was filed late. Identification as a repeat finding- No Recommendation- We recommend the Council implement internal control procedures to ensure timely closing of books and records to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials- Management concurs with the findings. Management has implemented new processes to ensure timely reconciliations and closing of the books.
Finding 2020-001
Finding 2020-001 Significant Deficiency in Internal Control over Compliance, Noncompliance-Reporting Award Year Agency and Pass-through Entity Grant Title Grant Number Assistance Listing Number 2020 U.S. Department of Treasury COVID-19 CARES Act SLT0808 21.019 2006/2016 U.S. Department of Housing and Urban Development Title VI – Loan Guarantees TVI-022-000150 TVI-022-000043 14.869 Criteria or Specific Requirements- The Council is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end or by any Office of Management and Budget extended deadlines. Condition- The Form SF-SAC for the fiscal year ended December 31,2020 was not filed on time Cause- The audit was not completed in time to file the form, due to a delay in closing books and records. Effect or Potential Effect- The Council was not able to file the Form SF-SAC by the required time. Questioned Costs- None Context- The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended December 31,2020 was filed late. Identification as a repeat finding- No Recommendation- We recommend the Council implement internal control procedures to ensure timely closing of books and records to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials- Management concurs with the findings. Management has implemented new processes to ensure timely reconciliations and closing of the books.
Finding 2020-001
Finding 2020-001 Significant Deficiency in Internal Control over Compliance, Noncompliance-Reporting Award Year Agency and Pass-through Entity Grant Title Grant Number Assistance Listing Number 2020 U.S. Department of Treasury COVID-19 CARES Act SLT0808 21.019 2006/2016 U.S. Department of Housing and Urban Development Title VI – Loan Guarantees TVI-022-000150 TVI-022-000043 14.869 Criteria or Specific Requirements- The Council is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end or by any Office of Management and Budget extended deadlines. Condition- The Form SF-SAC for the fiscal year ended December 31,2020 was not filed on time Cause- The audit was not completed in time to file the form, due to a delay in closing books and records. Effect or Potential Effect- The Council was not able to file the Form SF-SAC by the required time. Questioned Costs- None Context- The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended December 31,2020 was filed late. Identification as a repeat finding- No Recommendation- We recommend the Council implement internal control procedures to ensure timely closing of books and records to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials- Management concurs with the findings. Management has implemented new processes to ensure timely reconciliations and closing of the books.