EIN: 812734620
UEI: GSA_MIGRATION
Audited by: RSM US LLP
Oversight agency: 10 [Department of Agriculture]
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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 February 21, 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 August 21, 2021 (1849 days ago).
What is a management decision? →The Foundation did not submit the audit package and data collection form for the fiscal year ended May 31, 2019, in the required timeframe due to oversight by management. Cause: The Foundation did not have procedures in place to ensure the timely reporting. Effect: The audit package and data collection form have not been submitted timely. Questioned costs: None. Context: The audit package and data collection form have not been submitted timely. Recommendation: We recommend the Foundation implement controls to ensure all required reporting is completed and submitted within required timeframes. Views of responsible officials: Refer to the Foundation's Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding 2019-001: Timeliness of Audit Submission (Significant Deficiency) Identification of the federal program: U.S. Department of Agriculture, Community Facilities Loans and Grants, CFDA 10.766. Criteria or specific requirement: Federal regulation 2 CFR 200.512(a) states that the audit package and data collection form shall be submitted 30 days after receipt of the auditor's report(s) or 9 months after the end of the fiscal year, whichever comes first. Condition: The Foundation did not submit the audit package and data collection form for the fiscal year ended May 31, 2019, in the required timeframe due to oversight by management. Cause: The Foundation did not have procedures in place to ensure the timely reporting. Effect: The audit package and data collection form have not been submitted timely. Questioned costs: None. Context: The audit package and data collection form have not been submitted timely. Recommendation: We recommend the Foundation implement controls to ensure all required reporting is completed and submitted within required timeframes. Views of responsible officials: Refer to the Foundation's Corrective Action Plan.
Identifying Number: 2019-001 Finding: Federal regulation 2 CFR 200.512(a) states that the audit package and data collection form shall be submitted 30 days after receipt of the auditor?s report(s) or 9 months after the end of the fiscal year, whichever comes first. The Foundation did not submit the audit package and data collection form for the fiscal year ended May 31, 2019 in the required timeframe due to oversight by management. Corrective Actions Taken or Planned: Going forward Louisburg College will monitor compliance requirements for funds and ensure that proper audits will be performed in the time required. Contact Person Responsible for Corrective Action Plan: CFO Anticipated Completion Date: January 20, 2021
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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