FAC Explorer

Finding 1190948 (2025-002)

Material Weakness Repeat Finding
Requirement
B
Questioned Costs
-
Year
2025
Accepted
2026-03-27
Audit: 395242
Organization: The Boulevard of Chicago, Inc. (IL)
Auditor: RINGOLD FINANCIAL MANAGEMENT SERVICES INC

AI Summary

  • Answer: The Organization failed to calculate indirect costs for some months based on actual allowable expenses.
  • Trend: This issue indicates a recurring problem with cost calculations that could lead to further discrepancies.
  • List: Follow up by reviewing all indirect cost calculations for accuracy and ensure compliance with allowable cost guidelines.

Finding Text

The Organization did not calculate certain months of indirect costs based upon actual allowable costs incurred. Questioned Costs: $2,383.

Corrective Action Plan

Management will review all contracts to ensure the appropriate indirect costs rates are being used in calculations. A review process is in place in which a staff or grant accountant will prepare the indirect cost calculation, and the Accounting Manager or Director will review and approve. The accounting team will also use formula driven excel calculations to try and avoid any manual input errors.

Categories

Allowable Costs / Cost Principles

Other Findings in this Audit

  • 1190949 2025-003
    Material Weakness Repeat
  • 1190950 2025-003
    Material Weakness Repeat
  • 1190951 2025-003
    Material Weakness Repeat
  • 1190952 2025-004
    Material Weakness Repeat
  • 1190953 2025-004
    Material Weakness Repeat
  • 1190954 2025-004
    Material Weakness Repeat
  • 1190955 2025-005
    Material Weakness Repeat
  • 1190956 2025-005
    Material Weakness Repeat
  • 1190957 2025-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $576,479
14.231 EMERGENCY SOLUTIONS GRANT PROGRAM $283,376
64.024 VA HOMELESS PROVIDERS GRANT AND PER DIEM PROGRAM $141,105
14.241 HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS $57,600
10.569 EMERGENCY FOOD ASSISTANCE PROGRAM (FOOD COMMODITIES) $43,603
14.218 COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS $17,063
14.267 CONTINUUM OF CARE PROGRAM $9,780
97.024 EMERGENCY FOOD AND SHELTER NATIONAL BOARD PROGRAM $1,306
93.667 SOCIAL SERVICES BLOCK GRANT $26
93.558 TEMPORARY ASSISTANCE FOR NEEDY FAMILIES $17