EIN: 454272107
UEI: GSA_MIGRATION
Audited by: ROSETREE & COMPANY, LTD
Oversight agency: 84 [Department of Education]
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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 February 21, 2021. 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 August 21, 2021 (1839 days ago).
What is a management decision? →There is a general lack of expertise in internal control. There is no one involved with administration who is experienced in designing and maintaining internal controls.
Show full finding ▾Hide full finding ▴There is a general lack of expertise in internal control. There is no one involved with administration who is experienced in designing and maintaining internal controls.
There is insufficient time to correct this issue for 2020. It will be corrected for 2021 by hiring a CPA to establish and implement a system of internal controls in conjuction with our book keeper.
The executive director received compensation both as an employee, reported on form W-2, and an independent contractor, reported on form 1099. This is in violation of Internal Revenue Code regulations. This is a repeat of a finding from 2018.
Show full finding ▾Hide full finding ▴The executive director received compensation both as an employee, reported on form W-2, and an independent contractor, reported on form 1099. This is in violation of Internal Revenue Code regulations. This is a repeat of a finding from 2018.
ABFC will no longer compensate its executive director as both employee and independent contractor. All compensation to the executive director will be treated as employee compensation.
2018-001
: The general ledger is not prepared on a timely basis. The bank statements and other original documents were not provided to the book keeper until six months after year end. As a result, they were not available to the auditor until after the original due date of the report, September 30, 2020, and resulted in untimely filings. This also impairs the implementation of supervisory procedures necessary for internal controls.
Show full finding ▾Hide full finding ▴: The general ledger is not prepared on a timely basis. The bank statements and other original documents were not provided to the book keeper until six months after year end. As a result, they were not available to the auditor until after the original due date of the report, September 30, 2020, and resulted in untimely filings. This also impairs the implementation of supervisory procedures necessary for internal controls.
For 2021, the executive director will provide bank statements, payroll registers and other source documents to the book keeper on a monthly basis.
Time sheet periods were not consistent with payroll periods.
Show full finding ▾Hide full finding ▴Time sheet periods were not consistent with payroll periods.
For 2021, ABFC will implement new procedures to ensure time sheets are prepared consistently.
We found one time sheet out of twenty examined where hours did not agree with payroll records.
Show full finding ▾Hide full finding ▴We found one time sheet out of twenty examined where hours did not agree with payroll records.
For 2021, ABFC will implement a new procedure whereby an outside party will compare timesheets to payroll summaries before they are submitted to the payroll service.
Time sheets for salaried employees did not properly identify which programs were worked on or general administrative activities. One time sheet examined identified hours worked on the ACES program but were charged to the SAIL program.
Show full finding ▾Hide full finding ▴Time sheets for salaried employees did not properly identify which programs were worked on or general administrative activities. One time sheet examined identified hours worked on the ACES program but were charged to the SAIL program.
For 2021, ABFC will require all salaried employees to prepare timesheets identifying the hours worked for each program/function each pay period.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴GSA_MIGRATION
Show full finding ▾Hide full finding ▴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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