FAC Explorer

Finding 587464 (2022-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2024-01-31
Audit: 14907
Organization: New Opportunities, Inc. and Affiliates (CT)
Auditor: Whittlesey PC

AI Summary

  • Core Issue: The Organization's financial reporting processes did not meet timeliness standards, leading to delays in closing books and finalizing records.
  • Impacted Requirements: Compliance with GAAP and federal/state reporting requirements was compromised due to inadequate internal controls and resource constraints.
  • Recommended Follow-Up: Ensure adequate staffing with trained personnel to improve the timeliness of financial processes and meet required standards moving forward.

Finding Text

Finding No. 2022-001: Financial Reporting – Significant Deficiency, is also considered a finding under Federal Award Findings and Questioned Costs. This finding is applicable to all federal programs. Criteria - An accounting system and effective internal control environment should support the preparation of the financial statements in accordance with Generally Accepted Accounting Principles (“GAAP”) and grant reports in accordance with Federal and State compliance requirements, including a timely financial close process at year end. Condition - In fiscal year 2022, the Organization’s accounting processes and internal controls over financial reporting did not meet timeliness standards. As a result, the financial close process including the grant schedule was not completed within the standard period. Cause - The Organization experienced resource constraints due to illness, staff vacancy, and changes in finance department personnel during the fiscal year. In addition, the Organization converted a consolidating subsidiary from a for-profit entity to a not-for-profit entity; which included a number of complicated accounting transactions. Effect - The books and records were not closed and finalized until many months after year end. Context - The Organization’s accounting processes and internal controls over financial reporting were not performed in a timely manner. Recommendation - We recommend that the Organization maintain an adequate level of appropriately trained and experienced personnel. This will help ensure that the accounting processes and internal controls over financial reporting will function in a timely manner, and that the financial close process will be complete, to meet identified standards. Management’s Response/View of Responsible Officials - Management agrees with the auditors' findings. Management identified the prior year occurrences as one time and will meet timeliness standards in subsequent fiscal years.

Categories

Internal Control / Segregation of Duties Reporting Significant Deficiency

Other Findings in this Audit

  • 11022 2022-001
    Significant Deficiency
  • 11023 2022-001
    Significant Deficiency
  • 11024 2022-001
    Significant Deficiency
  • 11025 2022-001
    Significant Deficiency
  • 11026 2022-001
    Significant Deficiency
  • 11027 2022-001
    Significant Deficiency
  • 11028 2022-001
    Significant Deficiency
  • 11029 2022-001
    Significant Deficiency
  • 11030 2022-001
    Significant Deficiency
  • 11031 2022-001
    Significant Deficiency
  • 11032 2022-001
    Significant Deficiency
  • 11033 2022-001
    Significant Deficiency
  • 11034 2022-001
    Significant Deficiency
  • 11035 2022-001
    Significant Deficiency
  • 11036 2022-001
    Significant Deficiency
  • 11037 2022-001
    Significant Deficiency
  • 11038 2022-001
    Significant Deficiency
  • 11039 2022-001
    Significant Deficiency
  • 11040 2022-001
    Significant Deficiency
  • 11041 2022-001
    Significant Deficiency
  • 11042 2022-001
    Significant Deficiency
  • 11043 2022-001
    Significant Deficiency
  • 11044 2022-001
    Significant Deficiency
  • 11045 2022-001
    Significant Deficiency
  • 11046 2022-001
    Significant Deficiency
  • 11047 2022-001
    Significant Deficiency
  • 11048 2022-001
    Significant Deficiency
  • 11049 2022-001
    Significant Deficiency
  • 11050 2022-001
    Significant Deficiency
  • 11051 2022-001
    Significant Deficiency
  • 11052 2022-001
    Significant Deficiency
  • 11053 2022-001
    Significant Deficiency
  • 11054 2022-001
    Significant Deficiency
  • 11055 2022-001
    Significant Deficiency
  • 11056 2022-001
    Significant Deficiency
  • 11057 2022-001
    Significant Deficiency
  • 11058 2022-001
    Significant Deficiency
  • 11059 2022-001
    Significant Deficiency
  • 11060 2022-001
    Significant Deficiency
  • 11061 2022-001
    Significant Deficiency
  • 11062 2022-001
    Significant Deficiency
  • 11063 2022-001
    Significant Deficiency
  • 11064 2022-001
    Significant Deficiency
  • 11065 2022-001
    Significant Deficiency
  • 11066 2022-001
    Significant Deficiency
  • 11067 2022-001
    Significant Deficiency
  • 11068 2022-001
    Significant Deficiency
  • 11069 2022-001
    Significant Deficiency
  • 11070 2022-001
    Significant Deficiency
  • 11071 2022-001
    Significant Deficiency
  • 11072 2022-001
    Significant Deficiency
  • 11073 2022-001
    Significant Deficiency
  • 11074 2022-001
    Significant Deficiency
  • 11075 2022-001
    Significant Deficiency
  • 11076 2022-001
    Significant Deficiency
  • 11077 2022-001
    Significant Deficiency
  • 11078 2022-001
    Significant Deficiency
  • 11079 2022-002
    Significant Deficiency
  • 11080 2022-002
    Significant Deficiency
  • 11081 2022-002
    Significant Deficiency
  • 11082 2022-002
    Significant Deficiency
  • 11083 2022-002
    Significant Deficiency
  • 11084 2022-002
    Significant Deficiency
  • 11085 2022-002
    Significant Deficiency
  • 11086 2022-002
    Significant Deficiency
  • 11087 2022-002
    Significant Deficiency
  • 11088 2022-002
    Significant Deficiency
  • 11089 2022-002
    Significant Deficiency
  • 11090 2022-002
    Significant Deficiency
  • 11091 2022-002
    Significant Deficiency
  • 11092 2022-002
    Significant Deficiency
  • 11093 2022-002
    Significant Deficiency
  • 11094 2022-002
    Significant Deficiency
  • 11095 2022-002
    Significant Deficiency
  • 11096 2022-002
    Significant Deficiency
  • 11097 2022-002
    Significant Deficiency
  • 11098 2022-002
    Significant Deficiency
  • 11099 2022-002
    Significant Deficiency
  • 11100 2022-002
    Significant Deficiency
  • 11101 2022-002
    Significant Deficiency
  • 11102 2022-002
    Significant Deficiency
  • 11103 2022-002
    Significant Deficiency
  • 11104 2022-002
    Significant Deficiency
  • 11105 2022-002
    Significant Deficiency
  • 11106 2022-002
    Significant Deficiency
  • 11107 2022-002
    Significant Deficiency
  • 11108 2022-002
    Significant Deficiency
  • 11109 2022-002
    Significant Deficiency
  • 11110 2022-002
    Significant Deficiency
  • 11111 2022-002
    Significant Deficiency
  • 11112 2022-002
    Significant Deficiency
  • 11113 2022-002
    Significant Deficiency
  • 11114 2022-002
    Significant Deficiency
  • 11115 2022-002
    Significant Deficiency
  • 11116 2022-002
    Significant Deficiency
  • 11117 2022-002
    Significant Deficiency
  • 11118 2022-002
    Significant Deficiency
  • 11119 2022-002
    Significant Deficiency
  • 11120 2022-002
    Significant Deficiency
  • 11121 2022-002
    Significant Deficiency
  • 11122 2022-002
    Significant Deficiency
  • 11123 2022-002
    Significant Deficiency
  • 11124 2022-002
    Significant Deficiency
  • 11125 2022-002
    Significant Deficiency
  • 11126 2022-002
    Significant Deficiency
  • 11127 2022-002
    Significant Deficiency
  • 11128 2022-002
    Significant Deficiency
  • 11129 2022-002
    Significant Deficiency
  • 11130 2022-002
    Significant Deficiency
  • 11131 2022-002
    Significant Deficiency
  • 11132 2022-002
    Significant Deficiency
  • 11133 2022-002
    Significant Deficiency
  • 11134 2022-002
    Significant Deficiency
  • 11135 2022-002
    Significant Deficiency
  • 587465 2022-001
    Significant Deficiency
  • 587466 2022-001
    Significant Deficiency
  • 587467 2022-001
    Significant Deficiency
  • 587468 2022-001
    Significant Deficiency
  • 587469 2022-001
    Significant Deficiency
  • 587470 2022-001
    Significant Deficiency
  • 587471 2022-001
    Significant Deficiency
  • 587472 2022-001
    Significant Deficiency
  • 587473 2022-001
    Significant Deficiency
  • 587474 2022-001
    Significant Deficiency
  • 587475 2022-001
    Significant Deficiency
  • 587476 2022-001
    Significant Deficiency
  • 587477 2022-001
    Significant Deficiency
  • 587478 2022-001
    Significant Deficiency
  • 587479 2022-001
    Significant Deficiency
  • 587480 2022-001
    Significant Deficiency
  • 587481 2022-001
    Significant Deficiency
  • 587482 2022-001
    Significant Deficiency
  • 587483 2022-001
    Significant Deficiency
  • 587484 2022-001
    Significant Deficiency
  • 587485 2022-001
    Significant Deficiency
  • 587486 2022-001
    Significant Deficiency
  • 587487 2022-001
    Significant Deficiency
  • 587488 2022-001
    Significant Deficiency
  • 587489 2022-001
    Significant Deficiency
  • 587490 2022-001
    Significant Deficiency
  • 587491 2022-001
    Significant Deficiency
  • 587492 2022-001
    Significant Deficiency
  • 587493 2022-001
    Significant Deficiency
  • 587494 2022-001
    Significant Deficiency
  • 587495 2022-001
    Significant Deficiency
  • 587496 2022-001
    Significant Deficiency
  • 587497 2022-001
    Significant Deficiency
  • 587498 2022-001
    Significant Deficiency
  • 587499 2022-001
    Significant Deficiency
  • 587500 2022-001
    Significant Deficiency
  • 587501 2022-001
    Significant Deficiency
  • 587502 2022-001
    Significant Deficiency
  • 587503 2022-001
    Significant Deficiency
  • 587504 2022-001
    Significant Deficiency
  • 587505 2022-001
    Significant Deficiency
  • 587506 2022-001
    Significant Deficiency
  • 587507 2022-001
    Significant Deficiency
  • 587508 2022-001
    Significant Deficiency
  • 587509 2022-001
    Significant Deficiency
  • 587510 2022-001
    Significant Deficiency
  • 587511 2022-001
    Significant Deficiency
  • 587512 2022-001
    Significant Deficiency
  • 587513 2022-001
    Significant Deficiency
  • 587514 2022-001
    Significant Deficiency
  • 587515 2022-001
    Significant Deficiency
  • 587516 2022-001
    Significant Deficiency
  • 587517 2022-001
    Significant Deficiency
  • 587518 2022-001
    Significant Deficiency
  • 587519 2022-001
    Significant Deficiency
  • 587520 2022-001
    Significant Deficiency
  • 587521 2022-002
    Significant Deficiency
  • 587522 2022-002
    Significant Deficiency
  • 587523 2022-002
    Significant Deficiency
  • 587524 2022-002
    Significant Deficiency
  • 587525 2022-002
    Significant Deficiency
  • 587526 2022-002
    Significant Deficiency
  • 587527 2022-002
    Significant Deficiency
  • 587528 2022-002
    Significant Deficiency
  • 587529 2022-002
    Significant Deficiency
  • 587530 2022-002
    Significant Deficiency
  • 587531 2022-002
    Significant Deficiency
  • 587532 2022-002
    Significant Deficiency
  • 587533 2022-002
    Significant Deficiency
  • 587534 2022-002
    Significant Deficiency
  • 587535 2022-002
    Significant Deficiency
  • 587536 2022-002
    Significant Deficiency
  • 587537 2022-002
    Significant Deficiency
  • 587538 2022-002
    Significant Deficiency
  • 587539 2022-002
    Significant Deficiency
  • 587540 2022-002
    Significant Deficiency
  • 587541 2022-002
    Significant Deficiency
  • 587542 2022-002
    Significant Deficiency
  • 587543 2022-002
    Significant Deficiency
  • 587544 2022-002
    Significant Deficiency
  • 587545 2022-002
    Significant Deficiency
  • 587546 2022-002
    Significant Deficiency
  • 587547 2022-002
    Significant Deficiency
  • 587548 2022-002
    Significant Deficiency
  • 587549 2022-002
    Significant Deficiency
  • 587550 2022-002
    Significant Deficiency
  • 587551 2022-002
    Significant Deficiency
  • 587552 2022-002
    Significant Deficiency
  • 587553 2022-002
    Significant Deficiency
  • 587554 2022-002
    Significant Deficiency
  • 587555 2022-002
    Significant Deficiency
  • 587556 2022-002
    Significant Deficiency
  • 587557 2022-002
    Significant Deficiency
  • 587558 2022-002
    Significant Deficiency
  • 587559 2022-002
    Significant Deficiency
  • 587560 2022-002
    Significant Deficiency
  • 587561 2022-002
    Significant Deficiency
  • 587562 2022-002
    Significant Deficiency
  • 587563 2022-002
    Significant Deficiency
  • 587564 2022-002
    Significant Deficiency
  • 587565 2022-002
    Significant Deficiency
  • 587566 2022-002
    Significant Deficiency
  • 587567 2022-002
    Significant Deficiency
  • 587568 2022-002
    Significant Deficiency
  • 587569 2022-002
    Significant Deficiency
  • 587570 2022-002
    Significant Deficiency
  • 587571 2022-002
    Significant Deficiency
  • 587572 2022-002
    Significant Deficiency
  • 587573 2022-002
    Significant Deficiency
  • 587574 2022-002
    Significant Deficiency
  • 587575 2022-002
    Significant Deficiency
  • 587576 2022-002
    Significant Deficiency
  • 587577 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
93.568 Low-Income Home Energy Assistance $27.92M
93.499 Low Income Household Water Assistance Program $1.05M
93.569 Community Services Block Grant $895,556
93.045 Special Programs for the Aging_title Iii, Part C_nutrition Services $780,345
81.042 Weatherization Assistance for Low-Income Persons $722,466
94.016 Senior Companion Program $359,480
93.667 Social Services Block Grant $282,684
84.126 Rehabilitation Services_vocational Rehabilitation Grants to States $261,228
10.558 Child and Adult Care Food Program $186,473
94.011 Foster Grandparent Program $177,454
93.053 Nutrition Services Incentive Program $171,500
93.558 Temporary Assistance for Needy Families $144,930
93.323 Epidemiology and Laboratory Capacity for Infectious Diseases (elc) $62,937
97.024 Emergency Food and Shelter National Board Program $58,387
14.231 Emergency Solutions Grant Program $58,235
14.267 Continuum of Care Program $47,643
94.002 Retired and Senior Volunteer Program $46,131
21.027 Coronavirus State and Local Fiscal Recovery Funds $46,063
14.218 Community Development Block Grants/entitlement Grants $41,975
93.137 Community Programs to Improve Minority Health Grant Program $39,495
94.017 Senior Demonstration Program $27,907
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $27,582
14.879 Mainstream Vouchers $26,969
93.044 Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers $15,094
93.048 Special Programs for the Aging_title Iv_and Title Ii_discretionary Projects $7,629