the working lands trust inc

EIN: 462913344

UEI: JLTHEQFXZG53

Data as of August 26, 2026

the working lands trust inc2 audit years1 findings
2
Audit Years
1
Total Findings
0
Repeat Findings

FY 2021-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on September 22, 2022. 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 March 22, 2023 (1254 days ago).

What is a management decision? →
2021-002
Reporting
MATERIAL WEAKNESS

Significant adjustments were needed to the schedule of expenditures of federal and state awards (SEFA) provided to the auditor at the beginning of the audit process. Criteria: Uniform Guidance requires management to prepare an accurate and complete SEFA. Effect: The failure to accurately report information on the SEFA could negatively impact the Organization's recovery of costs or lead to faulty decisions by users of the information included in the SEFA. Recommendation: Additional training should be provided to management and accounting staff related to the preparation of the SEFA.

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Full finding narrative

Condition: Significant adjustments were needed to the schedule of expenditures of federal and state awards (SEFA) provided to the auditor at the beginning of the audit process. Criteria: Uniform Guidance requires management to prepare an accurate and complete SEFA. Effect: The failure to accurately report information on the SEFA could negatively impact the Organization's recovery of costs or lead to faulty decisions by users of the information included in the SEFA. Recommendation: Additional training should be provided to management and accounting staff related to the preparation of the SEFA.

Corrective Action Plan

Views of Responsible Officials and Planned Corrective Actions: We agree with the finding and we plan to implement the above procedures to strengthen internal controls over the financial reporting process. The Secretary/ Treasurer of the Organization will pursue additional training for management that includes education and troubleshooting with the SEFA. The expectation is that at least one training session will take place in calendar year 2022.

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