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MAY-28-2003 1106 CHS REGION THREE P . 21 /21 <br /> 40 « <br /> THE CHILDREN' S HOME SOCIETY OF FLORIDA <br /> SCHEDULE OF FINDINGS AND QUESTIONED COSTS — <br /> FEDERAL PROGRAMS AND STATE PROJECTS <br /> YEAR ENDED JUNE 30, 2002 <br /> Part I - Sammary of Auditors' Results <br /> • The independent auditors' reporrexpresses an unqualified opinion on the financial statements of The <br /> Children ' s Home Society of Florida ("CHS"). <br /> ■ A reportable condition in internal control over financial reporting was identified which is not considered to be <br /> a material weakness. <br /> ■ No instance of noncompliance considered material to the financial statements was disclosed by the audit. <br /> • The independent auditors' report on compliance for the major federal programs and state projects for CHS , <br /> expresses an unqualified opinion. <br /> ■ Audit findings relative to the major federal programs and state projects for CHS are reported in Parts 111 and <br /> IV of this schedule. <br /> • The programs/projects tested asmajor progranis/projects included the following: <br /> FEDERAL <br /> FEDERAL PROGRAM CFDA NUMBER <br /> Temporary Assistance for Needy Families 93 . 558 <br /> Social Services Block Grant .93 .667 <br /> STATE <br /> STATE PROJECT CSFA NUMBER <br /> Children and Families in Need of Services 80.005 <br /> Child Protection Teams 64 .006 <br /> • The threshold for fistinguishing Type A and Type B programs/projects was 5874,990 for major federal <br /> programs and $300,000 for major state projects. <br /> • The entity was determined not to be a low-risk auditee pursuant to OMB Circular A- 133 . <br /> Part iI - Fmdiags - Financial Statement <br /> • During the fiscal year ended June 30, 2002, The Children's Home Society of Florida, Inc. did not reconcile <br /> several accounts on a monthly basis including Cash, Accounts Receivable and Accounts Payable. The failure <br /> to perforin necessary reconciliations impaired CHS 's ability to prepare periodic internal financial statements <br /> and could result in such periodic internal financial statements being materially misstated. Reconciliations <br /> should be performed for all significant accounts on a monthly or quarterly basis and reviewed by an <br /> appropriate member of management. <br /> Part III - Findings and Questmi ned Costs - Major Federal Programs <br /> • The audit disclosed no matters that are reportable. <br /> Part IV - Findings and Questioned Costs - Major State Projects <br /> • The audit disclosed no matters that arc reportable. <br /> - 17 - <br /> TOTAL P . 21 <br />