EIN: 466037574
UEI: GSA_MIGRATION
Audited by: RSM US LLP
Oversight agency: 59 [Small Business Administration]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 7, 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 March 7, 2022 (1650 days ago).
What is a management decision? →The Emergency Disaster Loan (Assistance number 59.008) of $150,000 was improperly excluded from the Schedule of Expenditure of Federal Awards.---Criteria: The Uniform Guidance states that the auditee must prepare a schedule of expenditures of federal awards for the period covered by the auditee?s financial statements, which must include the total federal awards expended as determined by 2 CFR 200.502. ---Questioned costs: None identified. ---Effect of potential effect: The Schedule of Expenditure of Federal Awards was initially misstated prior to the audit adjustment. ---Repeat finding?: No.---Cause: The review of the Schedule of Expenditure of Federal Awards was not adequate to ensure that all federal awards had been identified. ---Recommendation: The processes and controls for the preparation and review of the Schedule of Expenditure of Federal Awards should be enhanced to ensure that all federal awards are identified and reported properly in accordance with the Uniform Guidance. ---Views of responsible officials: We agree with the finding and recommendation.
Show full finding ▾Hide full finding ▴Finding 2020-001: Identification of Federal Awards on the Schedule of Expenditure of Federal Awards---Condition: The Emergency Disaster Loan (Assistance number 59.008) of $150,000 was improperly excluded from the Schedule of Expenditure of Federal Awards.---Criteria: The Uniform Guidance states that the auditee must prepare a schedule of expenditures of federal awards for the period covered by the auditee?s financial statements, which must include the total federal awards expended as determined by 2 CFR 200.502. ---Questioned costs: None identified. ---Effect of potential effect: The Schedule of Expenditure of Federal Awards was initially misstated prior to the audit adjustment. ---Repeat finding?: No.---Cause: The review of the Schedule of Expenditure of Federal Awards was not adequate to ensure that all federal awards had been identified. ---Recommendation: The processes and controls for the preparation and review of the Schedule of Expenditure of Federal Awards should be enhanced to ensure that all federal awards are identified and reported properly in accordance with the Uniform Guidance. ---Views of responsible officials: We agree with the finding and recommendation.
2020-001 Finding: Identification of Federal Awards on the Schedule of Expenditures of Federal Awards. Corrective Actions Taken or Planned: The Emergency Disaster Loan (Assistance number 59.008) was improperly initially excluded from the Schedule of Expenditures of Federal Awards. The Uniform Guidance states that the auditee must prepare a schedule of expenditures of federal awards for the period covered by the auditee's financial statements, which must include the total federal awards expensed as determined by 2 CFR 200.502. SDFMC CEO is responsible for the preparation of the Schedule of Federal Expenditures and will evaluate the criteria for proper inclusion on the report each fiscal year.
FAC accepted this audit on August 6, 2020 — management decision was due February 6, 2021.
FAC accepted this audit on May 30, 2019 — management decision was due November 30, 2019.
FAC accepted this audit on May 28, 2018 — management decision was due November 28, 2018.
FAC accepted this audit on June 6, 2017 — management decision was due December 6, 2017.
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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