EIN: 383838281
UEI: Z5N4AGBZCMA3
Audited by: Foard and Company, PA
Oversight agency: 10 [Department of Agriculture]
Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 30, 2026. 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 September 30, 2026 (33 days from today).
What is a management decision? →Bank reconciliations were not performed for any of the Organization’s bank accounts during the year ended June 30, 2025. Cause: The Organization did not allocate adequate resources of qualified accounting personnel to the task of completing and reconciling bank accounts of the Organization to its QuickBooks financial records. Effect: The auditors identified several misstatements in the initial financial records, which necessitated adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: Additional resources should be allocated to accounting so that the bank reconciliations are completed for all accounts every month in a timely manner.
Show full finding ▾Hide full finding ▴Criteria: Bank reconciliations are important to the Organization’s internal control and are used to ensure all cash transactions are recorded and to help identify errors. Condition: Bank reconciliations were not performed for any of the Organization’s bank accounts during the year ended June 30, 2025. Cause: The Organization did not allocate adequate resources of qualified accounting personnel to the task of completing and reconciling bank accounts of the Organization to its QuickBooks financial records. Effect: The auditors identified several misstatements in the initial financial records, which necessitated adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: Additional resources should be allocated to accounting so that the bank reconciliations are completed for all accounts every month in a timely manner.
The Organization will begin performing bank reconciliations for all accounts held by the Organization to ensure accuracy between bank statement balances and amounts recorded in QuickBooks. The Organization will also look into hiring an independent accountant to assist with financial statement preparation.
2024-001
The Organization relies on a volunteer Treasurer who is solely responsible for many functions within the financial system. Cause: The Organization utilizes a volunteer Treasurer, and no additional documented oversight or review from the Board of Directors was performed. Effect: The auditors identified material misstatements in the initial financial records, which necessitated adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: The Organization should implement proper monitoring and oversight regarding the review of bank statements, reconciliations, cancelled check images, and other direct charges to bank accounts, review of payroll registers, review of monthly financial statements, and review of monthly general ledger activity.
Show full finding ▾Hide full finding ▴Criteria: An organization’s accounting duties should be adequately segregated among personnel. Condition: The Organization relies on a volunteer Treasurer who is solely responsible for many functions within the financial system. Cause: The Organization utilizes a volunteer Treasurer, and no additional documented oversight or review from the Board of Directors was performed. Effect: The auditors identified material misstatements in the initial financial records, which necessitated adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: The Organization should implement proper monitoring and oversight regarding the review of bank statements, reconciliations, cancelled check images, and other direct charges to bank accounts, review of payroll registers, review of monthly financial statements, and review of monthly general ledger activity.
The Organization’s Board of Directors will ensure its review of the monthly bank statements, reconciliations and cancelled check images, payroll registers, financial statements and general ledger activity is documented through physical signatures, sign off with initials or email approval. The Organization will also look into hiring an independent accountant to assist with financial statement preparation.
2024-002
The Organization’s initial financial statements had various material errors. Cause: The Organization did not allocate adequate resources of qualified accounting personnel to the task of maintaining the accounting records of the Organization. Effect: The auditors identified material misstatements in the initial financial records, which necessitated adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: Additional resources should be allocated to accounting so that the financial statements are materially correct and help ensure financial accuracy. These steps should include but not be limited to hiring staff or engaging independent accountants with sufficient financial expertise to maintain financial records, and also ensure monthly statements of loan activity are received from South State Bank to ensure proper reporting of principal and interest paid on the Organization’s outstanding loan.
Show full finding ▾Hide full finding ▴Criteria: An organization’s financial statements should be fairly stated in all material respects. Condition: The Organization’s initial financial statements had various material errors. Cause: The Organization did not allocate adequate resources of qualified accounting personnel to the task of maintaining the accounting records of the Organization. Effect: The auditors identified material misstatements in the initial financial records, which necessitated adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: Additional resources should be allocated to accounting so that the financial statements are materially correct and help ensure financial accuracy. These steps should include but not be limited to hiring staff or engaging independent accountants with sufficient financial expertise to maintain financial records, and also ensure monthly statements of loan activity are received from South State Bank to ensure proper reporting of principal and interest paid on the Organization’s outstanding loan.
The Organization will also look into hiring an independent accountant to assist with financial statement preparations to ensure accuracy. The Organization will also take steps to ensure the loan liability balance held at South State Bank is reported accurately.
2024-003
FAC accepted this audit on March 30, 2025 — management decision was due September 30, 2025.
Bank reconciliations were not performed for any of the Organization’s bank accounts during the year ended June 30, 2024. Cause: The Organization did not allocate adequate resources of qualified accounting personnel to the task of completing and reconciling bank accounts of the Organization to its QuickBooks financial records. Effect: The auditors identified several misstatements in the initial financial records, which necessitated multiple adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: Additional resources should be allocated to accounting so that the bank reconciliations are completed for all accounts every month in a timely manner. Management Response: The Organization will begin performing bank reconciliations for all accounts held by the Organization ensure accuracy between bank statement balances and amounts recorded in QuickBooks. The Organization will also look into hiring an independent accountant to assist with financial statement preparation.
Show full finding ▾Hide full finding ▴Bank Reconciliations Criteria: Bank reconciliations are important to the Organization’s internal control and are used to ensure all cash transactions are recorded and to help identify errors. Condition: Bank reconciliations were not performed for any of the Organization’s bank accounts during the year ended June 30, 2024. Cause: The Organization did not allocate adequate resources of qualified accounting personnel to the task of completing and reconciling bank accounts of the Organization to its QuickBooks financial records. Effect: The auditors identified several misstatements in the initial financial records, which necessitated multiple adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: Additional resources should be allocated to accounting so that the bank reconciliations are completed for all accounts every month in a timely manner. Management Response: The Organization will begin performing bank reconciliations for all accounts held by the Organization ensure accuracy between bank statement balances and amounts recorded in QuickBooks. The Organization will also look into hiring an independent accountant to assist with financial statement preparation.
The Organization will begin performing bank reconciliations for all accounts held by the Organization ensure accuracy between bank statement balances and amounts recorded in QuickBooks. The Organization will also look into hiring an independent accountant to assist with financial statement preparation.
The Organization’s relies on a volunteer Treasurer who is solely responsible for many functions within the financial system. Cause: The Organization had multiple volunteer Treasurers during the year which led to inconsistencies in the financial reporting and presentation, and no additional documented oversight or review from the Board of Directors was performed. Effect: The auditors identified several material misstatements in the initial financial records, which necessitated multiple adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: The Organization should implement proper monitoring and oversight regarding the review of bank statements, reconciliations, cancelled check images, and other direct charges to bank accounts, review of payroll registers, review of monthly financial statements, and review of monthly general ledger activity. Management Response: The Organization’s Board of Directors will ensure its review of the monthly bank statements, reconciliations and cancelled check images, payroll registers, financial statements and general ledger activity is documented through physical signatures, sign off with initials or email approval. The Organization will
Show full finding ▾Hide full finding ▴Lack of Oversight/Segregation of Duties Criteria: An organization’s accounting duties should be adequately segregated among personnel. Condition: The Organization’s relies on a volunteer Treasurer who is solely responsible for many functions within the financial system. Cause: The Organization had multiple volunteer Treasurers during the year which led to inconsistencies in the financial reporting and presentation, and no additional documented oversight or review from the Board of Directors was performed. Effect: The auditors identified several material misstatements in the initial financial records, which necessitated multiple adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: The Organization should implement proper monitoring and oversight regarding the review of bank statements, reconciliations, cancelled check images, and other direct charges to bank accounts, review of payroll registers, review of monthly financial statements, and review of monthly general ledger activity. Management Response: The Organization’s Board of Directors will ensure its review of the monthly bank statements, reconciliations and cancelled check images, payroll registers, financial statements and general ledger activity is documented through physical signatures, sign off with initials or email approval. The Organization will
The Organization’s Board of Directors will ensure its review of the monthly bank statements, reconciliations and cancelled check images, payroll registers, financial statements and general ledger activity is documented through physical signatures, sign off with initials or email approval. The Organization will also look into hiring an independent accountant to assist with financial statement preparations.
The Organization’s initial financial statements had various material errors. Cause: The Organization did not allocate adequate resources of qualified accounting personnel to the task of maintaining the accounting records of the Organization. Effect: The auditors identified several material misstatements in the initial financial records, which necessitated multiple adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: Additional resources should be allocated to accounting so that the financial statements are materially correct and help ensure financial accuracy. These steps should include but not be limited to hiring staff or engaging independent accountants with sufficient financial expertise to maintain financial records, and also ensure monthly statements of loan activity are received from South State Bank to ensure proper reporting of the loan payable. Management Response: The Organization will also look into hiring an independent accountant to assist with financial statement preparations to ensure accuracy. The Organization will also take steps to ensure the loan liability balance held at South State Bank is reported accurately.
Show full finding ▾Hide full finding ▴Accuracy of Financial Records - Material Misstatements Criteria: An organization’s financial statements should be fairly stated in all material respects. Condition: The Organization’s initial financial statements had various material errors. Cause: The Organization did not allocate adequate resources of qualified accounting personnel to the task of maintaining the accounting records of the Organization. Effect: The auditors identified several material misstatements in the initial financial records, which necessitated multiple adjusting journal entries to ensure the accuracy of the financial statements. Recommendation: Additional resources should be allocated to accounting so that the financial statements are materially correct and help ensure financial accuracy. These steps should include but not be limited to hiring staff or engaging independent accountants with sufficient financial expertise to maintain financial records, and also ensure monthly statements of loan activity are received from South State Bank to ensure proper reporting of the loan payable. Management Response: The Organization will also look into hiring an independent accountant to assist with financial statement preparations to ensure accuracy. The Organization will also take steps to ensure the loan liability balance held at South State Bank is reported accurately.
The Organization will also look into hiring an independent accountant to assist with financial statement preparations to ensure accuracy. The Organization will also take steps to ensure the loan liability balance held at South State Bank is reported accurately.
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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