EIN: 410914274
UEI: M1K7BAEBCCL4
Audited by: BRADY MARTZ
Oversight agency: 11 [Department of Commerce]
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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 August 26, 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 February 26, 2027 (175 days from today).
What is a management decision? →FAC accepted this audit on September 30, 2025 — management decision was due March 30, 2026.
Form ED-209 was not reviewed and approved prior to submission. Questioned costs: None Effect: There is an increased risk of ARDC submitting an inaccurate report. Context: We selected one of two reports submitted for testing. During review we noted there was no review or approval of the report prior to submission. Cause: Management turnover Repeat finding: No Recommendation: We recommend ARDC implement policies and procedures to ensure all reports are reviewed prior to submission. Views of responsible officials of the auditee: The Commission will adopt a policy whereby the Executive Director or a designee will review all future reports prior to submission.
Show full finding ▾Hide full finding ▴Identification of federal programs: Economic Development Cluster (ALN 11.307) Criteria: An effective system of internal controls requires all grant reports to be reviewed and approved prior to submission. Condition: Form ED-209 was not reviewed and approved prior to submission. Questioned costs: None Effect: There is an increased risk of ARDC submitting an inaccurate report. Context: We selected one of two reports submitted for testing. During review we noted there was no review or approval of the report prior to submission. Cause: Management turnover Repeat finding: No Recommendation: We recommend ARDC implement policies and procedures to ensure all reports are reviewed prior to submission. Views of responsible officials of the auditee: The Commission will adopt a policy whereby the Executive Director or a designee will review all future reports prior to submission.
Corrective Action Taken or Planned: The Commission will adopt a policy whereby the Executive Director or a designee will review all future reports prior to submission. Contact person(s) responsible for correction action: Kristi Kane, Executive Director Anticipated Completion Date: Immediately
FAC accepted this audit on June 12, 2025 — management decision was due December 12, 2025.
The submission of the 2023 single audit reporting package should have been submitted by September 30, 2024. Cause: The audit was not completed by September 30, 2024. Effect: ARDC was not in compliance with the Uniform Guidance (2 CFR 200.512). Questioned costs: None Context: The December 31, 2023 Single Audit reporting package. Repeat finding: No Recommendation: We recommend ARDC continue its efforts to ensure the reporting package is filed timely with the Federal Audit Clearinghouse. Views of responsible officials of the auditee: ARDC concurs with this finding and a response is included in the corrective action plan.
Show full finding ▾Hide full finding ▴Item 2023-001: Late Issuance of 2023 Single Audit Reporting Package Identification of federal programs: All Assistance Listing Numbers included on the schedule of expenditures of federal awards for the year ended December 31, 2023. Criteria: The Uniform Guidance (2 CFR 200.512) requires the single audit to be completed and the data collection form and reporting package to be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period. Condition: The submission of the 2023 single audit reporting package should have been submitted by September 30, 2024. Cause: The audit was not completed by September 30, 2024. Effect: ARDC was not in compliance with the Uniform Guidance (2 CFR 200.512). Questioned costs: None Context: The December 31, 2023 Single Audit reporting package. Repeat finding: No Recommendation: We recommend ARDC continue its efforts to ensure the reporting package is filed timely with the Federal Audit Clearinghouse. Views of responsible officials of the auditee: ARDC concurs with this finding and a response is included in the corrective action plan.
Corrective Action Taken: ARDC will make every effort to secure an audit firm, an engagement letter (at the time of confirmation) and a signed contract for a timely audit for future audits. Responsible Party: Kristi Kane, ARDC Executive Director Anticipated Completion Date: September 30, 2025
FAC accepted this audit on September 28, 2023 — management decision was due March 28, 2024.
FAC accepted this audit on September 27, 2022 — management decision was due March 27, 2023.
FAC accepted this audit on October 21, 2021 — management decision was due April 21, 2022.
FAC accepted this audit on July 8, 2020 — management decision was due January 8, 2021.
FAC accepted this audit on August 22, 2019 — management decision was due February 22, 2020.
FAC accepted this audit on July 25, 2018 — management decision was due January 25, 2019.
FAC accepted this audit on August 14, 2017 — management decision was due February 14, 2018.
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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