CABOT PERFORMING ARTS CENTER, INC

EIN: 471431634

UEI: G323FFARHCKS

Data as of August 22, 2026

CABOT PERFORMING ARTS CENTER, INC2 audit years3 findings1 repeat
2
Audit Years
3
Total Findings
1
Repeat Findings

FY 2022-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on January 26, 2023. 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 July 26, 2023 (1124 days ago).

What is a management decision? →
2022-001
Other
REPEAT

During the year under audit, the Organization did not implement a financial policies and procedures manual that complied with Uniform Guidance documentation requirements under 2 CFR 200.303. Cause: The Organization has not created a financial policies and procedures manual to comply with the Uniform Guidance requirements under 2 CFR 300 and 2 CFR 400. Effect: Failure to update internal controls to comply with the requirements of the Uniform Guidance could result in ineffective monitoring of costs allocated to the federal program. Auditor?s Recommendation: The Organization should strengthen its internal control practices by formalizing its policies and procedures to comply with the Uniform Guidance.

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Full finding narrative

Financial Policies and Procedures Update (Significant Deficiency in Internal Control over Federal Major Program) Criteria: 2 CFR Section 200.303 requires federal award recipients to establish and maintain effective internal controls over those awards. These internal controls should be in compliance with guidance in ?Standards for Internal Control in the Federal Government? issued by the Comptroller General of the United States or the ?Internal Control Integrated Framework? issued by the Committee of Sponsoring Organizations of the Treadway Commission(COSO). Condition: During the year under audit, the Organization did not implement a financial policies and procedures manual that complied with Uniform Guidance documentation requirements under 2 CFR 200.303. Cause: The Organization has not created a financial policies and procedures manual to comply with the Uniform Guidance requirements under 2 CFR 300 and 2 CFR 400. Effect: Failure to update internal controls to comply with the requirements of the Uniform Guidance could result in ineffective monitoring of costs allocated to the federal program. Auditor?s Recommendation: The Organization should strengthen its internal control practices by formalizing its policies and procedures to comply with the Uniform Guidance.

Corrective Action Plan

Management has been making updates to its policies and procedures throughout 2022 to be in full compliance with the Uniform Guidance. This exercise is anticipated to be complete by the end of the fiscal year.

Prior Finding References

2021-001

About Other →

FY 2021-06-30

FAC accepted this audit on September 25, 2022 — management decision was due March 25, 2023.

2021-001
Other

During the year under audit, the Organization did not implement a financial policies and procedures manual that complied with Uniform Guidance documentation requirements under 2 CFR 200.303. Cause: The Organization has not created a financial policies and procedures manual to comply with the Uniform Guidance requirements under 2 CFR 300 and 2 CFR 400. Effect: Failure to update internal controls to comply with the requirements of the Uniform Guidance could result in ineffective monitoring of costs allocated to the federal program. Auditor?s Recommendation: The Organization should strengthen its internal control practices by formalizing its policies and procedures to comply with the Uniform Guidance.

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Full finding narrative

Financial Policies and Procedures Update (Significant Deficiency in Internal Control over Federal Major Program) Criteria: 2 CFR Section 200.303 requires federal award recipients to establish and maintain effective internal controls over those awards. These internal controls should be in compliance with guidance in ?Standards for Internal Control in the Federal Government? issued by the Comptroller General of the United States or the ?Internal Control Integrated Framework? issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Condition: During the year under audit, the Organization did not implement a financial policies and procedures manual that complied with Uniform Guidance documentation requirements under 2 CFR 200.303. Cause: The Organization has not created a financial policies and procedures manual to comply with the Uniform Guidance requirements under 2 CFR 300 and 2 CFR 400. Effect: Failure to update internal controls to comply with the requirements of the Uniform Guidance could result in ineffective monitoring of costs allocated to the federal program. Auditor?s Recommendation: The Organization should strengthen its internal control practices by formalizing its policies and procedures to comply with the Uniform Guidance.

Corrective Action Plan

Management has been making updates to its policies and procedures throughout 2022 to be in full compliance with the Uniform Guidance. This exercise is anticipated to be complete by the end of the current fiscal year.

About Other →
2021-002
Cost Allowability
QUESTIONED COSTS

Based on the results of our audit testing, we noted that multiple pro bono services recognized as in-kind revenue were charged to the federal grant. Cause: Management was not aware that pro bono services could not be charged to a federal grant as an allowable cost. Effect: The misstatement caused by this error exceeded the reportable questioned costs threshold of $25,000 ($25,091). Auditor?s Recommendation: The Organization should take measures during its monthly financial closing process to ensure that donated services received are not charged to federal awards as allowable costs.

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Allowable Costs Charged to Federal Award (Compliance Finding) Criteria: Under ? 200.434 of the Uniform Guidance regulations, donated services may not be charged to a federal grant as an allowable cost. Condition: Based on the results of our audit testing, we noted that multiple pro bono services recognized as in-kind revenue were charged to the federal grant. Cause: Management was not aware that pro bono services could not be charged to a federal grant as an allowable cost. Effect: The misstatement caused by this error exceeded the reportable questioned costs threshold of $25,000 ($25,091). Auditor?s Recommendation: The Organization should take measures during its monthly financial closing process to ensure that donated services received are not charged to federal awards as allowable costs.

Corrective Action Plan

This was an error in recording that was not identified during review. Management has addressed this error with the staff involved and is addressing this issue in its policy and procedure updates currently in process.

About Allowable Costs / Cost Principles →

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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