EIN: 521212473
UEI: N4U8RK1C4BW4
Audited by: Rubino & Company, Chartered
Oversight agency: 21 [Department of the Treasury]
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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 October 31, 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 May 1, 2024 (861 days ago).
What is a management decision? →2022 – 001: Timely Financial Reporting and SF-SAC Submission Criteria – Filing of the SF-SAC Submission timely represents a functioning financial system. Condition and Context – Complete financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC and material misstatements were made during the audit that management has accepted and corrected. The misstatements include recording of contributions and grants in the proper accounting periods. Effect – Complete and accurate financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Recommendation – Procedures need to be developed for the following: Management should implement procedures to complete and reconcile all financial information within a reasonable time after year end. Management should implement a system to track the due date of the SF-SAC to ensure timely filing. Corrective Action Planed - Baltimore Civic Fund & Goldin Group acknowledge the finding on the Civic Fund’s single audit. This finding arose because the audit filing to the federal clearinghouse occurred after its deadline of nine months beyond the fiscal year end. The root causes of the late filing were delays in finalizing the FY20 audit during the COVID pandemic, transitions in accounting systems, and lack of clear guidance. Baltimore Civic Fund engaged a new auditor for its FY20 audit and transitioned accounting systems late in FY20, delaying the finalization of the FY20 audit to April 2022. By that time, the Civic Fund had new finance staff and was planning another transition to a different accounting system. In addition, the Civic Fund’s leadership did not have clear guidance on whether a single audit was required as the received federal funds were passed through as subawards. When transitioning to the current accounting system was completed in fall 2022, the finance team prioritized cleaning and closing the FY21 books. Baltimore Civic Fund and Goldin Group worked together to ensure the FY21 2 audit was completed in Spring 2023 shortly after the FY21 books were cleaned and closed. When the FY21 audit was completed, the 3/31/2023 single audit deadline for FY22 passed. Baltimore Civic Fund and Goldin Group worked together to close the FY22 books shortly after the FY21 audit was completed to ensure the FY22 audit complete by Summer 2023.
Show full finding ▾Hide full finding ▴2022 – 001: Timely Financial Reporting and SF-SAC Submission Criteria – Filing of the SF-SAC Submission timely represents a functioning financial system. Condition and Context – Complete financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC and material misstatements were made during the audit that management has accepted and corrected. The misstatements include recording of contributions and grants in the proper accounting periods. Effect – Complete and accurate financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Recommendation – Procedures need to be developed for the following: Management should implement procedures to complete and reconcile all financial information within a reasonable time after year end. Management should implement a system to track the due date of the SF-SAC to ensure timely filing. Corrective Action Planed - Baltimore Civic Fund & Goldin Group acknowledge the finding on the Civic Fund’s single audit. This finding arose because the audit filing to the federal clearinghouse occurred after its deadline of nine months beyond the fiscal year end. The root causes of the late filing were delays in finalizing the FY20 audit during the COVID pandemic, transitions in accounting systems, and lack of clear guidance. Baltimore Civic Fund engaged a new auditor for its FY20 audit and transitioned accounting systems late in FY20, delaying the finalization of the FY20 audit to April 2022. By that time, the Civic Fund had new finance staff and was planning another transition to a different accounting system. In addition, the Civic Fund’s leadership did not have clear guidance on whether a single audit was required as the received federal funds were passed through as subawards. When transitioning to the current accounting system was completed in fall 2022, the finance team prioritized cleaning and closing the FY21 books. Baltimore Civic Fund and Goldin Group worked together to ensure the FY21 2 audit was completed in Spring 2023 shortly after the FY21 books were cleaned and closed. When the FY21 audit was completed, the 3/31/2023 single audit deadline for FY22 passed. Baltimore Civic Fund and Goldin Group worked together to close the FY22 books shortly after the FY21 audit was completed to ensure the FY22 audit complete by Summer 2023.
Corrective Action Planed - Baltimore Civic Fund & Goldin Group acknowledge the finding on the Civic Fund’s single audit. This finding arose because the audit filing to the federal clearinghouse occurred after its deadline of nine months beyond the fiscal year end. The root causes of the late filing were delays in finalizing the FY20 audit during the COVID pandemic, transitions in accounting systems, and lack of clear guidance. Baltimore Civic Fund engaged a new auditor for its FY20 audit and transitioned accounting systems late in FY20, delaying the finalization of the FY20 audit to April 2022. By that time, the Civic Fund had new finance staff and was planning another transition to a different accounting system. In addition, the Civic Fund’s leadership did not have clear guidance on whether a single audit was required as the received federal funds were passed through as subawards. When transitioning to the current accounting system was completed in fall 2022, the finance team prioritized cleaning and closing the FY21 books. Baltimore Civic Fund and Goldin Group worked together to ensure the FY21 audit was completed in Spring 2023 shortly after the FY21 books were cleaned and closed. When the FY21 audit was completed, the 3/31/2023 single audit deadline for FY22 passed. Baltimore Civic Fund and Goldin Group worked together to close the FY22 books shortly after the FY21 audit was completed to ensure the FY22 audit complete by Summer 2023. Names of the contact persons responsible for corrective action - Goldin Group - Contracted CFO services and Lea Ferguson, Chief Operating Officer, Baltimore Civic Fund The anticipated completion date - We anticipate completing the FY23 and all subsequent audits of financial statements and single audit within federal deadlines.
2021-001
FAC accepted this audit on March 30, 2023 — management decision was due September 30, 2023.
Significant Deficiencies 2021 ? 001: Timely Financial Reporting and SF-SAC Submission Criteria ? Filing of the SF-SAC Submission timely represents a functioning financial system. Condition and Context ? Complete financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Effect ? Complete and accurate financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Recommendation ? Procedures need to be developed for the following: ? Management should implement procedures to complete and reconcile all financial information within a reasonable time after year end. ? Management should implement a system to track the due date of the SF-SAC to ensure timely filing.
Show full finding ▾Hide full finding ▴Significant Deficiencies 2021 ? 001: Timely Financial Reporting and SF-SAC Submission Criteria ? Filing of the SF-SAC Submission timely represents a functioning financial system. Condition and Context ? Complete financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Effect ? Complete and accurate financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Recommendation ? Procedures need to be developed for the following: ? Management should implement procedures to complete and reconcile all financial information within a reasonable time after year end. ? Management should implement a system to track the due date of the SF-SAC to ensure timely filing.
CORRECTIVE ACTION PLAN For the Year Ended June 30, 2021 Independent Public Accounting Firm Rubino & Company, Chartered 6903 Rockledge Drive, Suite 300 Bethesda, MD 20817 Baltimore Civic Fund, Inc., respectfully submits the following corrective action plan for the year ended June 30, 2021 audit finding. Audit Period: June 30, 2021, schedule of findings and questioned costs are discussed below. Significant Deficiencies 2021 ? 001: Timely Financial Reporting and SF-SAC Submission Criteria ? Filing of the SF-SAC Submission timely represents a functioning financial system. Condition and Context ? Complete financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Effect ? Complete and accurate financial results were not available on a timely basis to begin the audit prior to the due date of the SF-SAC. Recommendation ? Procedures need to be developed for the following: ? Management should implement procedures to complete and reconcile all financial information within a reasonable time after year end. ? Management should implement a system to track the due date of the SF-SAC to ensure timely filing. Corrective Action Planed - Baltimore Civic Fund & Goldin Group acknowledge the finding on the Civic Fund?s single audit. This finding arose because the audit filing to the federal clearinghouse occurred after its deadline of nine months beyond the fiscal year end. The root causes of the late filing were delays in finalizing the FY20 audit during the COVID pandemic, transitions in accounting systems, and lack of clear guidance. Baltimore Civic Fund engaged a new auditor for its FY20 audit and transitioned accounting systems late in FY20, delaying the finalization of the FY20 audit to April 2022. By that time, the Civic Fund had new finance staff and was planning another transition to a different accounting system. In addition, the Civic Fund?s leadership did not have clear guidance on whether a single audit was required as the received federal funds were passed through as subawards. When transitioning to the current accounting system was complete in fall 2022, the finance team prioritized cleaning and closing the FY21 books. When the FY21 records were ready to be audited, the 9/30/2022 single audit deadline passed. Names of the contact persons responsible for corrective action - Goldin Group - Contracted CFO services and Lea Ferguson, Chief Operating Officer, Baltimore Civic Fund The anticipated completion date - We anticipate completing the FY22 financial and single audit by summer 2023, and all subsequent audits will be completed within federal deadlines.
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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