EIN: 951944230
UEI: WZD9N6DNV9L1
Audited by: LEAF & COLE, LLP
Oversight agency: 93 [Department of Health and Human Services]
View federal awards & risk assessment →
Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 1, 2025. 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 November 1, 2025 (302 days ago).
What is a management decision? →FAC accepted this audit on March 20, 2024 — management decision was due September 20, 2024.
FAC accepted this audit on June 29, 2022 — management decision was due December 29, 2022.
Upon receipt of the trial balance, the beginning net asset balance did not agree with the ending net asset balance per the September 30, 2020 audited combined financial statements. Context: The Organizations deviated from their standard year-end closing policies and procedures. Cause: The Organization?s methodology for determining the year-end closing entries for the year ended September 30, 2021 for Friends of Vista Hill Foundation was not consistent with the methodology used in the prior year and certain transactions were erroneously posted directly to the net asset accounts instead of to revenue and expense accounts. Effect: The result was a material adjustment to correct investment return and the net asset balance. Recommendation: We recommend reviewing and revising, if necessary, the month and year-end closing policies and procedures to ensure all activity is correctly recorded across all cost centers. Questioned Costs: None Views of Responsible Officials: Management agrees with the audit finding and a response is included in the corrective action plan.
Show full finding ▾Hide full finding ▴2021-001 Year-End Financial Close Process Criteria: Organizations should develop and adopt closing procedures that facilitate accurate and timely reporting. Condition: Upon receipt of the trial balance, the beginning net asset balance did not agree with the ending net asset balance per the September 30, 2020 audited combined financial statements. Context: The Organizations deviated from their standard year-end closing policies and procedures. Cause: The Organization?s methodology for determining the year-end closing entries for the year ended September 30, 2021 for Friends of Vista Hill Foundation was not consistent with the methodology used in the prior year and certain transactions were erroneously posted directly to the net asset accounts instead of to revenue and expense accounts. Effect: The result was a material adjustment to correct investment return and the net asset balance. Recommendation: We recommend reviewing and revising, if necessary, the month and year-end closing policies and procedures to ensure all activity is correctly recorded across all cost centers. Questioned Costs: None Views of Responsible Officials: Management agrees with the audit finding and a response is included in the corrective action plan.
1. Finding 2021-001 Year-End Financial Close Process a. Program Information: NI A b. Criteria: Organizations should develop and adopt closing procedures that facilitate accurate and timely reporting. c. Condition: Upon receipt of the trial balance, the beginning net asset balance did not agree with the ending net asset balance per the September 30, 2020 audited combined financial statements. Response: The Accounting Policies & Procedures- Financial Reporting will be revised to incorporate the utilization of trial balance reports prior to year end audit of the Organizations, for review of net asset balances for agreement with prior year and/or note of adjustments, if applicable. Contact person(s) responsible for corrective action: 1. Richard Rushton, CFO Completion date: 6/28/22
FAC accepted this audit on July 8, 2021 — management decision was due January 8, 2022.
FAC accepted this audit on February 11, 2019 — management decision was due August 11, 2019.
FAC accepted this audit on February 20, 2018 — management decision was due August 20, 2018.
FAC accepted this audit on February 16, 2017 — management decision was due August 16, 2017.
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.
Browse other Single Audit organizations in California →
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and filing records.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.
