MISSOULA AGING SERVICES

EIN: 810379543

UEI: FTYKG34J9MU4

Data as of August 26, 2026

MISSOULA AGING SERVICES10 audit years1 findings
10
Audit Years
1
Total Findings
0
Repeat Findings

FY 2020-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on December 1, 2020. 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 June 1, 2021 (1912 days ago).

What is a management decision? →
2020-001
Other

2020-001 AGENCY FUNDS Condition and Criteria: During the current year audit we noted that the Organization had not recorded agency funds that were held by the Organization as an agent. This resulted in assets and liabilities being understated by $1,475,763. It was also discovered that $84,503 of agency funds held by the Organization at June 30, 2019, had not been recorded in the prior year. The Organization determined that these funds need to be recorded in the consolidated financial statements and has restated its consolidated statement of net position at June 30, 2019. The effect of the correction was an increase in assets and liabilities of $84,503 as of June 30, 2019 with no change in net position. Controls should be in place to determine when and how to record agency funds. Cause: The Organization does not have a process in place to properly determine when transactions are or are not agency funds. Potential Effect: Not recording agency funds in the financial statements results in an understatement of the Organization's assets and its obligations. Recommendation: We recommend that all cash and investment accounts held by 406 Financial Services, LLC on behalf of others be included on the 406 Financial Services, LLC trial balance as an asset and corresponding liability, even if the funds are also tracked as part of a separate Fiscal Employer Agent Services or a Money Management trial balance.

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Full finding narrative

2020-001 AGENCY FUNDS Condition and Criteria: During the current year audit we noted that the Organization had not recorded agency funds that were held by the Organization as an agent. This resulted in assets and liabilities being understated by $1,475,763. It was also discovered that $84,503 of agency funds held by the Organization at June 30, 2019, had not been recorded in the prior year. The Organization determined that these funds need to be recorded in the consolidated financial statements and has restated its consolidated statement of net position at June 30, 2019. The effect of the correction was an increase in assets and liabilities of $84,503 as of June 30, 2019 with no change in net position. Controls should be in place to determine when and how to record agency funds. Cause: The Organization does not have a process in place to properly determine when transactions are or are not agency funds. Potential Effect: Not recording agency funds in the financial statements results in an understatement of the Organization's assets and its obligations. Recommendation: We recommend that all cash and investment accounts held by 406 Financial Services, LLC on behalf of others be included on the 406 Financial Services, LLC trial balance as an asset and corresponding liability, even if the funds are also tracked as part of a separate Fiscal Employer Agent Services or a Money Management trial balance.

Corrective Action Plan

CORRECTIVE ACTION PLAN November 12, 2020 U.S. Department of Health and Human Services Missoula Area Agency on Aging, Inc. respectfully submits the following corrective action plan for the year ended June 30, 2020. Name and address of independent public accounting firm: JCCS, P.C. 2620 Connery Way Missoula, MT 59808 Audit period: The findings from the June 30, 2020 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS?FINANCIAL STATEMENT AUDIT SIGNFICANT DEFICIENCY 2020-001 Agency Funds Recommendation: We recommend that all cash and investment accounts held by 406 Financial Services, LLC on behalf of others be included on the 406 Financial Services, LLC trial balance as an asset and corresponding liability, even if the funds are also tracked as part of a separate Fiscal Employer Agent Services or a Money Management trial balance. Action Taken: We concur with the recommendation, and it was implemented effective November 10,2020. If the U.S. Department of Health and Human Services has questions regarding this plan, please call me, Susan Kohler, at (406) 728-7682. Sincerely yours, Susan Kohler Executive Director

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