EIN: 367148236
UEI: XRNLNJW5KF17
Audited by: Benford Brown & Associates, LLC
Oversight agency: 59 [Small Business Administration]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 22, 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 November 22, 2024 (645 days ago).
What is a management decision? →Compliance Findings Finding 2023-01 Noncompliance with Federal Reporting Requirements Assistance Listing Numbers 59.075 Shuttered Venue Operators Grant Program Federal Agency U.S. Small Business Administration Passthrough Agency Not applicable Award Number/Year 2023 Criteria The Festival has grant agreements from several federal agencies with terms requiring compliance with financial reporting requirements in accordance with Uniform Guidance. As such, for the year ended February 28, 2023, the Festival is required to submit audited financial statements, a schedule of expenditures of federal awards (SEFA) and single audit reports to the Federal Audit Clearinghouse. The due date for submission of the audit package to the Federal Audit Clearinghouse is nine (9) months after the Festival’s fiscal year-end. Condition The Festival did not submit its audited financial statements and SEFA to the Federal Audit Clearinghouse within nine (9) months after February 28, 2023. Cause This condition was due to the Festival experiencing turnover of its Director of Finance position resulting in the oversight of the due date for the single audit for fiscal year 2023. Effect The effect is noncompliance with financial reporting deadlines could cause funding sources for the Festival to suspend funding until compliance is achieved.
Show full finding ▾Hide full finding ▴Compliance Findings Finding 2023-01 Noncompliance with Federal Reporting Requirements Assistance Listing Numbers 59.075 Shuttered Venue Operators Grant Program Federal Agency U.S. Small Business Administration Passthrough Agency Not applicable Award Number/Year 2023 Criteria The Festival has grant agreements from several federal agencies with terms requiring compliance with financial reporting requirements in accordance with Uniform Guidance. As such, for the year ended February 28, 2023, the Festival is required to submit audited financial statements, a schedule of expenditures of federal awards (SEFA) and single audit reports to the Federal Audit Clearinghouse. The due date for submission of the audit package to the Federal Audit Clearinghouse is nine (9) months after the Festival’s fiscal year-end. Condition The Festival did not submit its audited financial statements and SEFA to the Federal Audit Clearinghouse within nine (9) months after February 28, 2023. Cause This condition was due to the Festival experiencing turnover of its Director of Finance position resulting in the oversight of the due date for the single audit for fiscal year 2023. Effect The effect is noncompliance with financial reporting deadlines could cause funding sources for the Festival to suspend funding until compliance is achieved.
The Festival will implement procedures to ensure an efficient and effective transfer of knowledge when there is turnover of key finance personnel so that the Festival maintains compliance with applicable financial reporting requirements including required audit submission due dates to Federal funding sources. The Festival will also update its financial policies and procedures to include these new procedures and have the updated financial policies and procedures reviewed and approved by the board of directors.
FAC accepted this audit on October 23, 2022 — management decision was due April 23, 2023.
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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