FAC Explorer

Finding 965753 (2023-002)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-29
Audit: 300306
Organization: Ascencia (CA)
Auditor: Lee Sperling Hisamune/accountancy Corporation

AI Summary

  • Answer: External accountants will review award letters for income over $25,000 to ensure correct restriction codes are applied.
  • Trend: This process aims to improve accuracy in reporting restricted net assets at year-end.
  • List: Follow up with Ascencia’s team for detailed reports on revenue classified as restricted during the fiscal year.

Finding Text

Management Response- External accountants will detail review award letters for income sources greater than $25,000 that are marked as unrestricted by the Organization’s team to confirm proper application of restriction codes into the accounting system. As part of the year end analysis of restricted net assets, Ascencia’s team will be provided detailed reports on revenue’s reported as restricted in the fiscal year so that the Organization may better make an assessment as to what should be reported as restricted net assets at year end.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 389301 2023-001
    Significant Deficiency
  • 389302 2023-001
    Significant Deficiency
  • 389303 2023-001
    Significant Deficiency
  • 389304 2023-001
    Significant Deficiency
  • 389305 2023-001
    Significant Deficiency
  • 389306 2023-001
    Significant Deficiency
  • 389307 2023-001
    Significant Deficiency
  • 389308 2023-001
    Significant Deficiency
  • 389309 2023-001
    Significant Deficiency
  • 389310 2023-001
    Significant Deficiency
  • 389311 2023-002
    Significant Deficiency
  • 389312 2023-002
    Significant Deficiency
  • 389313 2023-002
    Significant Deficiency
  • 389314 2023-002
    Significant Deficiency
  • 389315 2023-002
    Significant Deficiency
  • 389316 2023-002
    Significant Deficiency
  • 389317 2023-002
    Significant Deficiency
  • 389318 2023-002
    Significant Deficiency
  • 389319 2023-002
    Significant Deficiency
  • 389320 2023-002
    Significant Deficiency
  • 965743 2023-001
    Significant Deficiency
  • 965744 2023-001
    Significant Deficiency
  • 965745 2023-001
    Significant Deficiency
  • 965746 2023-001
    Significant Deficiency
  • 965747 2023-001
    Significant Deficiency
  • 965748 2023-001
    Significant Deficiency
  • 965749 2023-001
    Significant Deficiency
  • 965750 2023-001
    Significant Deficiency
  • 965751 2023-001
    Significant Deficiency
  • 965752 2023-001
    Significant Deficiency
  • 965754 2023-002
    Significant Deficiency
  • 965755 2023-002
    Significant Deficiency
  • 965756 2023-002
    Significant Deficiency
  • 965757 2023-002
    Significant Deficiency
  • 965758 2023-002
    Significant Deficiency
  • 965759 2023-002
    Significant Deficiency
  • 965760 2023-002
    Significant Deficiency
  • 965761 2023-002
    Significant Deficiency
  • 965762 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.235 Supportive Housing Program $403,688
14.231 Emergency Solutions Grant Program $95,332
97.024 Emergency Food and Shelter National Board Program $61,537
14.267 Continuum of Care Program $51,919
14.218 Community Development Block Grants/entitlement Grants $44,579