Finding 524089 (2024-002)

Material Weakness

Requirement

Questioned Costs

Year

2024

Accepted

2025-02-20

Audit: 343248

Organization: Sagebrush Steppe Land Trust (ID)

Auditor: Wipfli LLP

AI Summary

Core Issue: Some federal funding of $1.05 million for conservation easements was not properly recorded.
Impacted Requirements: Lack of an original schedule of federal expenditures violates documentation standards.
Recommended Follow-Up: Ensure all funding is accurately recorded and create a comprehensive schedule for federal expenditures.

Finding Text

The Organization occasionally receives funding from federal and state agencies to facilitate their purpose and programs. Most of this funding is below the threshold to require a Uniform Guidance audit. In 2024, federal agencies provided $1.05 million in funding to facilitate the purpose of a conservation easements. A portion of these funds were not initially recorded, and no original schedule of federal expenditures was created with this and other federal funding sources.

Corrective Action Plan

We were aware of the need to reflect grant funds that went directly to others in our internal financial records but missed one grant in 2024. These grants were appropriately monitored and tracked for compliance and other matters. We plan to now include all funds where we are the recipient (including on-behalf or in-kind) as appropriate in our revenues and reflect any related expenditures. We will also identify all federal awards and include in our SEFA on an annual basis.

Other Findings in this Audit

524088 2024-001

Material Weakness
1100530 2024-001

Material Weakness
1100531 2024-002

Material Weakness

Programs in Audit

ALN	Program Name	Expenditures
10.931	Agricultural Conservation Easement Program	$448,125
15.660	Endangered Species - Candidate Conservation Action Funds	$41,258
10.665	Schools and Roads - Grants to States	$30,000
15.631	Partners for Fish and Wildlife	$27,136