EIN: 912196666
UEI: GSA_MIGRATION
Audited by: CARBONARO CPAS & MANAGEMENT GROUP
Oversight agency: 21 [Department of the Treasury]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on August 2, 2022. 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 February 2, 2023 (1313 days ago).
What is a management decision? →During the course of the auditing procedures over the financial statements, it was noted that the Organization did not fully record in-kind donation of food from a federal grant that was passed through from a nonprofit organization. The unrecorded in-kind expenses were not included to the Schedule of Expenditures of Federal Awards (SEFA). Criteria: Management is responsible for the basic financial statements and all accompanying information. Management is also responsible for establishing effective internal controls, the selection and application of appropriate accounting principles, and for the fair representation of the financial position, changes in net assets, and cash flows in conformity with GAAP. In addition, management is responsible for the completeness of SEFA amount. Cause: Due to the COVID-19 pandemic, the Organization received additional donation of food to assist the public. Insufficient staff supervision and inexperience with in-kind federal assistance led to amounts not being fully recorded, and misstated the total federal expenditures amount. Potential Effect: As a result, revenue and expenses were understated for the year ended June 30, 2021. We noted beside the issue above, the Organization made great effort to properly record activities. Management maintains a general overall knowledge of the financial status of the Organization and of the individual grants. Questioned Costs: None. Context: Management did not have prior experience with recognizing federal in-kind donations. Management had not established effective internal controls over the identification of different types of federal assistance. Recommendation: We recommend that management routinely review financial statements for accuracy. This review would include a review of the financials by a qualified accountant as part of the closing process. If there are items that management or staff has questions on, we recommend bringing these to our attention at the beginning of the audit or over the course of the year so they can be properly recorded prior to the start of audit work. Section III - Findings and Questioned Costs ? Major Federal Award Program Audit Finding 2021-001: refer to Section II above. See Management?s Response and Corrective Action Plan on page 21.
Show full finding ▾Hide full finding ▴Section II- Financial Statement Finding 2021-001 ? Recording in-kind donation of food Condition: During the course of the auditing procedures over the financial statements, it was noted that the Organization did not fully record in-kind donation of food from a federal grant that was passed through from a nonprofit organization. The unrecorded in-kind expenses were not included to the Schedule of Expenditures of Federal Awards (SEFA). Criteria: Management is responsible for the basic financial statements and all accompanying information. Management is also responsible for establishing effective internal controls, the selection and application of appropriate accounting principles, and for the fair representation of the financial position, changes in net assets, and cash flows in conformity with GAAP. In addition, management is responsible for the completeness of SEFA amount. Cause: Due to the COVID-19 pandemic, the Organization received additional donation of food to assist the public. Insufficient staff supervision and inexperience with in-kind federal assistance led to amounts not being fully recorded, and misstated the total federal expenditures amount. Potential Effect: As a result, revenue and expenses were understated for the year ended June 30, 2021. We noted beside the issue above, the Organization made great effort to properly record activities. Management maintains a general overall knowledge of the financial status of the Organization and of the individual grants. Questioned Costs: None. Context: Management did not have prior experience with recognizing federal in-kind donations. Management had not established effective internal controls over the identification of different types of federal assistance. Recommendation: We recommend that management routinely review financial statements for accuracy. This review would include a review of the financials by a qualified accountant as part of the closing process. If there are items that management or staff has questions on, we recommend bringing these to our attention at the beginning of the audit or over the course of the year so they can be properly recorded prior to the start of audit work. Section III - Findings and Questioned Costs ? Major Federal Award Program Audit Finding 2021-001: refer to Section II above. See Management?s Response and Corrective Action Plan on page 21.
FEED MY SHEEP Management of Feed My Sheep has reviewed the Audited Financial Statements for the Year Ended June 30, 2021 as prepared by Carbonaro CPAs & Management Group and accepts the findings of this audit as accurately portraying the financial standing of the organization. Material Weakness as Identified by Audit Finding 2021-001 In The Audited Financial Statements Schedule of Findings and Questioned Costs, Carbonaro CPAs & Management Group identifies Material Weakness related to finding item 2021-001 Recording of In-Kind Donation of food. The weakness is described as the incomplete recording of in-kind food donations from a particular program, operated by the County of Maui and Maui County Farmer?s Bureau, which passed through food resources from a federal grant. The cause of this weakness has been identified by Feed My Sheep management as a procedural error on the part of staff. Recording procedures for this group of donations were modified from standard procedures due to the involvement of federal funds. The in-kind donations were correctly recorded with hard copies of invoices and donation receipts, entered into a spreadsheet, correctly reported to the County of Maui and Maui County Farmer?s Bureau, and retained for archive. The specific error was a failure to record a significant portion of in-kind donations from this group to FMS?s accounting software. Corrective Action Plan for finding 2021-001 This weakness indicates that additional oversight is needed to ensure such errors are identified, corrected and prevented. POINT OF CONTACT: Feed My Sheep Executive Director, Scott Hopkins will serve as the contact person for ongoing and future corrective actions. FEED MY SHEEP ACTIONS TO BE TAKEN ? Provide sufficient staff supervision and oversight of in-kind donations ? Routinely review financial statements o Weekly review of QuickBooks entries including in-kind contributions o Monthly review of Financial Statements for accuracy o Quarterly review of Financial statements to present to Board of Directors ? Contract the review of financials by a qualified accountant at the completion of every fiscal year as part of the closing process ANTICIPATED COMPLETION DATE Implementation of the Corrective Action Plan will take place immediately. Actions to properly inform staff of the correct process was taken as soon as the error was discovered in the course of the audit, on March 30th, 2022. Request for engagement of financial review by Carbonaro CPAs & Management Group has been sent. All other action items listed are ongoing. Acceptance of Findings and Corrective Action Plan Having considered the findings presented Carbonaro CPAs & Management Group, Feed My Sheep, Inc. Management states no disagreements with the audit findings and agrees to the corrective action.
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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