Finding 8052 (2023-001)

Significant Deficiency
Requirement
B
Questioned Costs
$1
Year
2023
Accepted
2024-01-09

AI Summary

  • Core Issue: One out of 25 charges to the federal grant was found to be unallowed, totaling $35,125.
  • Impacted Requirements: Charges must comply with the cost principles in the Uniform Guidance, specifically 2 CFR 200.425 regarding audit services.
  • Recommended Follow-Up: TPAC should provide training on Uniform Guidance to ensure future charges are allowable and consider replacing unallowed expenses with allowable ones.

Finding Text

Federal Program Information Funding Agency: U.S. Department of Treasury Federal ALN: 21.027 COVID-19 Coronavirus State and Local Fiscal Recovery Funds Pass Through Agency: Tennessee Arts Commission Criteria The Uniform Guidance contains cost principles which establish guidelines for allowable charges to federal grants. According to section 2 CFR 200.425, only audit services required by, and performed in accordance with, the Single Audit Act are allowed to be charged to federal grants. Condition Out of a sample of 25 charges to the grant that were tested, 1 of the charges was unallowed. The charge was determined to be unallowed as it was for the 2022 audit, the majority of which was not required by the Single Audit Act. Cause The Organization has only in recent years began to receive federal funding and therefore did not have a clear understanding of the cost principles contained in the Uniform Guidance. Effect Improper charges, in addition to those identified above, could be submitted to grantors for reimbursement. Questioned Costs $35,125   Auditor’s Recommendation TPAC should ensure that charges to federal grants are allowable in accordance with cost principles contained in Uniform Guidance. Additional training should be obtained to gain a further understanding of these requirements. Management Response Management agrees with finding. TPAC Grants contacted the pass-through agency to offer a solution, to replace the unallowable expense with an allowable expense. The Organization will also have TPAC Grants as well as TPAC Finance take training on Uniform Guidance to gain a better understanding NEW Dof these requirements in the future.

Corrective Action Plan

U.S. Department of Treasury The Tennessee Performing Arts Center Management Corporation respectfully submits the following corrective action plan for the year ended June 30, 2023. Name & address of independent public accounting firm: Kraft CPAs 555 Great Circle Road Nashville, TN 37228 Audit period: July 1, 2022 - June 30, 2023 The findings from the June 30, 2023 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS - FEDERAL AWARD PROGRAMS AUDITS 2023-001 Allowable Costs 21.027 COVID-19 Coronavirus State and Local Fiscal Recovery Funds Pass Through Agency: Tennessee Arts Commission Recommendation: The Organization should ensure that charges to federal grants are allowable in accordance with cost principles contained in Uniform Guidance. Additional training should be considered to gain a further understanding of these requirements. Action Taken: TPAC Grants contacted the pass-through agency to offer a solution, to replace the unallowable expense with an allowable expense. TPAC will also have TPAC Grants as well as TPAC Finance take training on Uniform Guidance to gain a better understanding of these requirements in the future. If the U.S. Department of Treasury has questions regarding this plan, please call Julie Gillen at 615-782-4033.

Categories

Questioned Costs Allowable Costs / Cost Principles

Other Findings in this Audit

  • 584494 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $814,700
45.024 Promotion of the Arts_grants to Organizations and Individuals $15,000