Single audits filed with the Federal Audit Clearinghouse
$3.9M in federal awards expended in FY2024
Year
Federal $ expended
Auditor
Opinion
Flags
2024
$3.9M
Sassetti LLC
Unmodified (clean)
Material weaknessMaterial noncompliance
Federal Programs
Top programs · FY2024
Program
Agency
Expended
Major program
Findings
NSF Technology, Innovation, and Partnerships
NSF
$2.6M
Yes
4
Cluster Grants
Commerce
$602K
No
4
NSF Technology, Innovation, and Partnerships
via Colorado Office of Economic Development and International Trade
NSF
$437K
Yes
4
Coronavirus State and Local Fiscal Recovery Funds
via Colorado Office of Economic Development and International Trade
Treasury
$241K
No
4
Audit Findings
FY2024 · auditor's own text
2024-004Cash managementMaterial weakness
Finding 2024-004 – All Federal Programs – Material Weakness
Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance - Cash Management
Federal Agency: National Science Foundation
Federal Program Name: Research and Development Cluster - NSF T…
2024-005Allowable costsSignificant deficiency
Findings 2024-005 – All Federal Programs – Significant Deficiency
Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance – Allowable Costs (Payroll)
Federal Agency: National Science Foundation
Federal Program Name: Research and Development C…
Finding 2024-004 – All Federal Programs – Material Weakness
Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance - Cash Management
Federal Agency: National Science Foundation
Federal Program Name: Research and Development Cluster - NSF T…
2024-004Cash managementMaterial weakness
Finding 2024-004 – All Federal Programs – Material Weakness
Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance - Cash Management
Federal Agency: National Science Foundation
Federal Program Name: Research and Development Cluster - NSF T…
2024-005Allowable costsSignificant deficiency
Findings 2024-005 – All Federal Programs – Significant Deficiency
Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance – Allowable Costs (Payroll)
Federal Agency: National Science Foundation
Federal Program Name: Research and Development C…
2024-005Allowable costsSignificant deficiency
Findings 2024-005 – All Federal Programs – Significant Deficiency
Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance – Allowable Costs (Payroll)
Federal Agency: National Science Foundation
Federal Program Name: Research and Development C…
2024-003OtherSignificant deficiency
Finding 2024-003 – All Federal Programs – Significant Deficiency
Deficiency in Internal Controls over the Preparation of the Schedule of Expenditures of Federal Awards (SEFA)
Criteria: 2 CFR section 200.510(b) requires recipients of federal awards to prepare a complete and accura…
2024-003OtherSignificant deficiency
Finding 2024-003 – All Federal Programs – Significant Deficiency
Deficiency in Internal Controls over the Preparation of the Schedule of Expenditures of Federal Awards (SEFA)
Criteria: 2 CFR section 200.510(b) requires recipients of federal awards to prepare a complete and accura…
2024-003OtherSignificant deficiency
Finding 2024-003 – All Federal Programs – Significant Deficiency
Deficiency in Internal Controls over the Preparation of the Schedule of Expenditures of Federal Awards (SEFA)
Criteria: 2 CFR section 200.510(b) requires recipients of federal awards to prepare a complete and accura…
2024-002Reporting
Noncompliance – Reporting
Compliance Requirement: Reporting (L)
Criteria: Per 2 CFR Part 200, Subpart 7 (2 CFR 200.512): (a) General. (1) The audit must be completed and the data collection form and reporting package described must be submitted within the earlier of 30 calendar d…
2024-002Reporting
Noncompliance – Reporting
Compliance Requirement: Reporting (L)
Criteria: Per 2 CFR Part 200, Subpart 7 (2 CFR 200.512): (a) General. (1) The audit must be completed and the data collection form and reporting package described must be submitted within the earlier of 30 calendar d…
2024-005Allowable costsSignificant deficiency
Findings 2024-005 – All Federal Programs – Significant Deficiency
Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance – Allowable Costs (Payroll)
Federal Agency: National Science Foundation
Federal Program Name: Research and Development C…
2024-002Reporting
Noncompliance – Reporting
Compliance Requirement: Reporting (L)
Criteria: Per 2 CFR Part 200, Subpart 7 (2 CFR 200.512): (a) General. (1) The audit must be completed and the data collection form and reporting package described must be submitted within the earlier of 30 calendar d…
2024-003OtherSignificant deficiency
Finding 2024-003 – All Federal Programs – Significant Deficiency
Deficiency in Internal Controls over the Preparation of the Schedule of Expenditures of Federal Awards (SEFA)
Criteria: 2 CFR section 200.510(b) requires recipients of federal awards to prepare a complete and accura…
2024-004Cash managementMaterial weakness
Finding 2024-004 – All Federal Programs – Material Weakness
Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance - Cash Management
Federal Agency: National Science Foundation
Federal Program Name: Research and Development Cluster - NSF T…
2024-002Reporting
Noncompliance – Reporting
Compliance Requirement: Reporting (L)
Criteria: Per 2 CFR Part 200, Subpart 7 (2 CFR 200.512): (a) General. (1) The audit must be completed and the data collection form and reporting package described must be submitted within the earlier of 30 calendar d…
Source: Federal Audit Clearinghouse single audits (required of organizations expending $1,000,000+ in federal awards per year for fiscal years beginning on or after Oct 1, 2024; $750,000 before).