FAC Explorer

Finding 517190 (2023-006)

-
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-12-30
Audit: 335152
Organization: Project Hood Communities Development Corporation (IL)
Auditor: Porte Brown LLC

AI Summary

  • Issue: The audit reporting package and data collection form were not submitted on time to the FAC.
  • Impact: The Organization does not meet the criteria to be classified as a low-risk auditee.
  • Next Steps: Submit the required documents promptly once the audit is completed and review procedures for improvement.

Finding Text

Condition: The audit reporting package and data collection form for the year ended December 31, 2023 was not submitted to the FAC within the timeframe as required by Uniform Guidance. Criteria: The auditee is responsible for ensuring the timely submission of the audit reporting package and data collection form to the Federal Audit Clearinghouse (FAC). Cause: The audit was not completed as of the submission due date. Effect: The Organization does not qualify as a low-risk auditee. Recomendation: The Organization should submit the audit reporting package and data collection form as soon as the audit is available. Views of Responsible Officials and Planned Corrective Actions: The Organization will review its procedures and make appropriate changes. The Organization accepts the recommendation.

Corrective Action Plan

Management will review its financial and grant management policies to ensure that all grants are appropriately reviewed to determine if there is a federal funding component and if so, that all necessary information is obtained. Additionally, management will seek confirmation from its funders regarding federal grant spending on an annual basis to determine if it exceeds the statutory thresholds requiring a Single Audit.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $270,000
21.019 Coronavirus Relief Fund $206,301