FAC Explorer

Finding 397168 (2023-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-05-17
Audit: 306522
Organization: Franklin-Vance-Warren Opportunity, INC (NC)
Auditor: Tpo CPA PLLC

AI Summary

  • Core Issue: The organization missed deadlines for submitting both unaudited and audited financial information.
  • Impacted Requirements: Financial data was due on August 31, 2023, for unaudited reports and March 31, 2024, for audited reports.
  • Recommended Follow-Up: Ensure timely submission of financial reports to comply with requirements and avoid potential penalties.

Finding Text

THE ORGANIZATION DOES NOT APPEAR TO HAVE SUBMITTED ITS UNAUDITED AND AUDITED FINANCIAL INDORMATION AS REQUIRED WITHIN A SPECIFIED TIMELINE - AUGUST 31, 2023 FOR ITS UNAUDITED AND MARCH 31, 2024 FOR ITS AUDITED FINANCIAL DATA.

Corrective Action Plan

MANAGEMENT AGREE WITH FINDING 2023-002 AND THE RECOMMENDATION DESCRIBED IN THE ACCOMPANYING SCHEDULE OF FINDINGS AND QUESTIONED COSTS.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 973610 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
93.600 Head Start $4.25M
14.871 Section 8 Housing Choice Vouchers $3.04M
93.569 Community Services Block Grant $645,311
93.568 Low-Income Home Energy Assistance $413,012
10.558 Child and Adult Care Food Program $309,974
81.042 Weatherization Assistance for Low-Income Persons $301,437
10.351 Rural Business Development Grant $175,046