FAC Explorer

Finding 1156414 (2024-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-09-29
Audit: 368709
Organization: Douglass Community Services, Inc. (MO)
Auditor: Gray Hunter Stenn LLP

AI Summary

  • Core Issue: The Agency lacks an internal control policy for annual financial statement reporting, risking inaccuracies in financial statements and disclosures.
  • Impacted Requirements: Management must ensure internal controls are in place to comply with GAAP and accurately present financial information.
  • Recommended Follow-Up: Establish a robust internal control policy to prevent potential misstatements in financial reporting.

Finding Text

Condition - The Agency did not have an internal control policy in place over annual financial statement reporting that would enable management to prepare its annual financial statements including the Schedule of Expenditures of Federal Awards (SEFA) and ensure related footnote disclosures are complete and presented in accordance with the U.S. generally accepted accounting principles (GAAP). Criteria - Management is responsible for establishing and maintaining internal controls and for the fair presentation of the financial statements including the related disclosures, in conformity with GAAP. Effect - The potential exists that a material misstatement of the annual financial statements and SEFA could occur and not be prevented or detected by the Agency’s internal controls. Cause - The Agency relied on the audit firm to prepare the annual financial statements. However, they have reviewed and approved the annual financial statements and related footnote disclosures.

Corrective Action Plan

Corrective Action Plan - A new CFO is in place and has caught up the reconciliations and is continuing to complete them in a timely manner. Anticipated Completion Date - We have completed these steps. Responsible Parties - Stephanie Cooper, Chief Executive Officer, 909 Broadway, Hannibal, MO 63401 (573)221-3892

Categories

Reporting

Other Findings in this Audit

  • 1156393 2024-001
    Material Weakness Repeat
  • 1156394 2024-001
    Material Weakness Repeat
  • 1156395 2024-001
    Material Weakness Repeat
  • 1156396 2024-001
    Material Weakness Repeat
  • 1156397 2024-001
    Material Weakness Repeat
  • 1156398 2024-001
    Material Weakness Repeat
  • 1156399 2024-001
    Material Weakness Repeat
  • 1156400 2024-001
    Material Weakness Repeat
  • 1156401 2024-001
    Material Weakness Repeat
  • 1156402 2024-001
    Material Weakness Repeat
  • 1156403 2024-001
    Material Weakness Repeat
  • 1156404 2024-002
    Material Weakness Repeat
  • 1156405 2024-002
    Material Weakness Repeat
  • 1156406 2024-002
    Material Weakness Repeat
  • 1156407 2024-002
    Material Weakness Repeat
  • 1156408 2024-002
    Material Weakness Repeat
  • 1156409 2024-002
    Material Weakness Repeat
  • 1156410 2024-002
    Material Weakness Repeat
  • 1156411 2024-002
    Material Weakness Repeat
  • 1156412 2024-002
    Material Weakness Repeat
  • 1156413 2024-002
    Material Weakness Repeat
  • 1156415 2024-003
    Material Weakness Repeat
  • 1156416 2024-003
    Material Weakness Repeat
  • 1156417 2024-003
    Material Weakness Repeat
  • 1156418 2024-003
    Material Weakness Repeat
  • 1156419 2024-003
    Material Weakness Repeat
  • 1156420 2024-003
    Material Weakness Repeat
  • 1156421 2024-003
    Material Weakness Repeat
  • 1156422 2024-003
    Material Weakness Repeat
  • 1156423 2024-003
    Material Weakness Repeat
  • 1156424 2024-003
    Material Weakness Repeat
  • 1156425 2024-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
93.600 Head Start $1.04M
10.766 Community Facilities Loans and Grants $904,841
10.558 Child and Adult Care Food Program $496,392
93.575 Child Care and Development Block Grant $296,343
10.569 Emergency Food Assistance Program (food Commodities) $199,043
94.011 Americorps Seniors Foster Grandparent Program (fgp) 94.011 $193,274
10.565 Commodity Supplemental Food Program $116,655
14.231 Emergency Solutions Grant Program $108,955
94.002 Americorps Seniors Retired and Senior Volunteer Program (rsvp) 94.002 $81,606
16.575 Crime Victim Assistance $50,683