EIN: 050267451
UEI: FWJJUN4CTKZ6
Audited by: Kahn, Litwin, Renza & Co., Ltd.
Oversight agency: 59 [Small Business Administration]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 9, 2024. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by July 9, 2024 (786 days ago).
What is a management decision? →The June 30, 2022, audited financial statements and data collection form for the Philharmonic were not filed within the time required by Uniform Guidance. Criteria: Uniform Guidance requires that non-federal entities that expend more than $750,000 or more in a year in federal awards shall have a single audit conducted and section .320 requires that the audit shall be completed and the data collection form and reporting package shall be submitted within the earlier of 30 days after receipt of the auditors’ report or nine months after the end of the audit period. Cause: The Philharmonic’s filing process to ensure timely filing of the data collection form and of the financial statements was attributed to the delay of the audit due to the turnover of staff, thus causing a delay in the submission of the required reports. Effect: Late filing of the data collection form and reporting package will cause an auditee to be determined a “high-risk auditee” and could affect future federal grant funding. Recommendation: We recommend the Philharmonic improve their year-end closing processes in order to meet all filing requirements. Management Response: The Philharmonic has implemented new procedures to ensure the reporting will be done timely in future periods.
Show full finding ▾Hide full finding ▴Federal Agency: Small Business Administration Statement of Condition: The June 30, 2022, audited financial statements and data collection form for the Philharmonic were not filed within the time required by Uniform Guidance. Criteria: Uniform Guidance requires that non-federal entities that expend more than $750,000 or more in a year in federal awards shall have a single audit conducted and section .320 requires that the audit shall be completed and the data collection form and reporting package shall be submitted within the earlier of 30 days after receipt of the auditors’ report or nine months after the end of the audit period. Cause: The Philharmonic’s filing process to ensure timely filing of the data collection form and of the financial statements was attributed to the delay of the audit due to the turnover of staff, thus causing a delay in the submission of the required reports. Effect: Late filing of the data collection form and reporting package will cause an auditee to be determined a “high-risk auditee” and could affect future federal grant funding. Recommendation: We recommend the Philharmonic improve their year-end closing processes in order to meet all filing requirements. Management Response: The Philharmonic has implemented new procedures to ensure the reporting will be done timely in future periods.
The Organization has started reviewing its current system of internal controls and moving responsibilities to ensure timely reporting.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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