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Horizons, A Family Service Alliance
Cedar Rapids, Iowa
FINANCIAL REPORT
June 30, 2021 and 2020
C O N T E N T S
Page
INDEPENDENT AUDITOR'S REPORT ON THE FINANCIAL STATEMENTS 3-4
FINANCIAL STATEMENTS
Statements of financial position 5
Statements of activities 6
Statements of functional expenses 7-10
Statements of cash flows 11
Notes to financial statements 12-20
SUPPLEMENTARY INFORMATION 21
Schedule of expenditures of federal awards 22-23
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL
REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN
AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS 24-25
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE FOR EACH MAJOR
PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED
BY THE UNIFORM GUIDANCE 26-27
Schedule of findings and questioned costs 28-30
Corrective action plan 31
INDEPENDENT AUDITOR'S REPORT
Board of Directors
Horizons, A Family Service Alliance
Cedar Rapids, Iowa
Report on the Financial Statements
We have audited the accompanying financial statements of Horizons, A Family Service Alliance (a nonprofit corporation),
which comprise the statements of financial position as of June 30, 2021 and 2020, and the related statements of
activities, functional expenses, and cash flows for the years then ended, and the related notes to the financial statements.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
accounting principles generally accepted in the United States of America; this includes the design, implementation, and
maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from
material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits
in accordance with auditing standards generally accepted in the United States of America and the standards applicable
to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States.
Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on
the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of
Horizons, A Family Service Alliance as of June 30, 2021 and 2020, and the changes in its net assets and its cash flows
for the years then ended in accordance with accounting principles generally accepted in the United States of America.
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Other Matters
Other Information
Our audits were conducted for the purpose of forming an opinion on the financial statements as a whole. The
accompanying schedule of expenditures of federal awards, as required by Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, is presented for purposes of additional analysis and is not a required part of the financial
statements. Such information is the responsibility of management and was derived from and relates directly
to the underlying accounting and other records used to prepare the financial statements. The information
has been subjected to the auditing procedures applied in the audit of the financial statements and certain
additional procedures, including comparing and reconciling such information directly to the underlying
accounting and other records used to prepare the financial statements or to the financial statements
themselves, and other additional procedures in accordance with auditing standards generally accepted in the
United States of America. In our opinion, the information is fairly stated, in all material respects, in relation to
the financial statements as a whole.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated December 6, 2021,
on our consideration of Horizons, A Family Service Alliance's internal control over financial reporting and on
our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and
other matters. The purpose of that report is solely to describe the scope of our testing of internal control over
financial reporting and compliance and the results of that testing, and not to provide an opinion on the
effectiveness of Horizons, A Family Service Alliance’s internal control over financial reporting or on
compliance. That report is an integral part of an audit performed in accordance with Government Auditing
Standards in considering Horizons, A Family Service Alliance’s internal control over financial reporting and
compliance.
DENMAN & COMPANY, LLP
West Des Moines, Iowa
December 6, 2021
See Notes to Financial Statements.
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Horizons, A Family Service Alliance
STATEMENTS OF FINANCIAL POSITION
June 30
2021 2020
ASSETS
CURRENT ASSETS
Cash $2,046,832 $1,448,910
Cash – restricted, custodial funds 184,528 192,241
Certificates of deposit 33,704 33,224
Receivables, net 318,776 372,208
Grants and contributions receivable 208,000 260,000
Prepaid expenses 22,871 16,992
Assets held for sale 315,020 –
Total current assets 3,129,731 2,323,575
PROPERTY AND EQUIPMENT
Land and improvements 292,533 424,627
Buildings and improvements 2,575,099 2,812,554
Equipment 683,312 720,755
Vehicles 302,074 304,410
Software 96,301 66,301
Total 3,949,319 4,328,647
Accumulated depreciation 1,809,355 1,834,007
Net property and equipment 2,139,964 2,494,640
OTHER ASSETS
Beneficial interest in assets held by Community Foundations 83,760 67,122
Long-term certificates of deposit 41,815 40,814
Total other assets 125,575 107,936
Total assets $5,395,270 $4,926,151
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
Accounts payable $ 73,786 $ 75,852
Accrued expenses 218,418 203,581
Custodial funds held 182,801 190,754
Total current liabilities 475,005 470,187
PAYCHECK PROTECTION PROGRAM LOAN – 472,400
Total liabilities 475,005 942,587
NET ASSETS
Without donor restrictions
Undesignated 4,628,506 3,646,440
Designated – endowment 46,032 36,692
Total net assets without donor restrictions 4,674,538 3,683,132
With donor restrictions 245,727 300,432
Total net assets 4,920,265 3,983,564
Total liabilities and net assets $5,395,270 $4,926,151
See Notes to Financial Statements.
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Horizons, A Family Service Alliance
STATEMENTS OF ACTIVITIES
Year ended June 30, 2021 Year ended June 30, 2020
Without donor With donor Without donor With donor
restrictions restrictions Total restrictions restrictions Total
SUPPORT AND REVENUE
Public support
Contributions $ 702,030 $ – $ 702,030 $ 589,372 $ 10,000 $ 599,372
United Way 7,725 208,000 215,725 37,501 260,000 297,501
County and city support 623,313 – 623,313 788,632 – 788,632
Other grants 1,590,930 – 1,590,930 1,781,521 – 1,781,521
Total public support 2,923,998 208,000 3,131,998 3,197,026 270,000 3,467,026
Program service fees 608,501 – 608,501 707,097 – 707,097
Rent 115,358 – 115,358 131,014 – 131,014
Interest 11,214 7,295 18,509 7,079 (738) 6,341
Miscellaneous – – – 32 – 32
Net assets released from restrictions 270,000 (270,000) – 447,500 (447,500) –
Total support and revenue 3,929,071 (54,705) 3,874,366 4,489,748 (178,238) 4,311,510
EXPENSES
Program services
Consumer credit counseling 220,232 – 220,232 304,016 – 304,016
Youth and senior meals 1,793,826 – 1,793,826 1,935,984 – 1,935,984
Neighborhood transportation service 905,823 – 905,823 866,828 – 866,828
Total program services 2,919,881 – 2,919,881 3,106,828 – 3,106,828
Supporting activities
Management and general 630,466 – 630,466 804,967 – 804,967
Marketing and fundraising 121,745 – 121,745 138,694 – 138,694
Total supporting activities 752,211 – 752,211 943,661 – 943,661
Total expenses 3,672,092 – 3,672,092 4,050,489 – 4,050,489
CHANGE IN NET ASSETS,
from operations 256,979 (54,705) 202,274 439,259 (178,238) 261,021
OTHER GAINS AND LOSSES
Discontinued operations 18,341 – 18,341 (38,558) – (38,558)
Paycheck Protection Program
loan forgiveness 472,400 – 472,400 – – –
Insurance proceeds 225,967 – 225,967 – – –
Gain on sale of assets 17,719 – 17,719 – – –
Total other gains and losses 734,427 – 734,427 (38,558) – (38,558)
CHANGE IN NET ASSETS 991,406 (54,705) 936,701 400,701 (178,238) 222,463
NET ASSETS, beginning 3,683,132 300,432 3,983,564 3,282,431 478,670 3,761,101
NET ASSETS, ending $4,674,538 $ 245,727 $4,920,265 $3,683,132 $ 300,432 $3,983,564
See Notes to Financial Statements.
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Horizons, A Family Service Alliance
STATEMENTS OF FUNCTIONAL EXPENSES
Year ended June 30, 2021
Program services
Consumer Youth Neighborhood
credit and transportation
Counseling counseling senior meals service Total
Salaries $ 25,943 $ 131,199 $ 693,129 $ 421,770 $1,272,041
Employee benefits 7,315 20,205 96,486 52,961 176,967
Payroll taxes 4,078 11,296 59,468 34,014 108,856
Total salaries and related benefits 37,336 162,700 849,083 508,745 1,557,864
Travel and conferences 661 878 1,331 117 2,987
Printing and publications – – 10,203 26,483 36,686
Postage, shipping and delivery 468 3,236 6,890 417 11,011
Telephone and internet 1,159 11,858 53,822 39,342 106,181
Occupancy 1,003 18,863 148,537 125,568 293,971
Transportation – – 14,352 64,668 79,020
Supplies – 3,458 140,221 61,000 204,679
Repairs and maintenance 117 – 31,937 6,671 38,725
Meals – – 441,739 – 441,739
Professional fees and contracted services 159 5,337 19,578 2,841 27,915
Depreciation – 13,902 76,133 69,971 160,006
Total expenses 40,903 220,232 1,793,826 905,823 2,960,784
Less discontinued operations (40,903) – – – (40,903)
Totals $ – $ 220,232 $1,793,826 $ 905,823 $2,919,881
See Notes to Financial Statements.
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Supporting activities
Management Marketing
and and Grand
general fundraising Total total
$ 308,665 $ 66,631 $ 375,296 $1,647,337
66,350 12,058 78,408 255,375
25,144 5,491 30,635 139,491
400,159 84,180 484,339 2,042,203
12,510 280 12,790 15,777
110 3,166 3,276 39,962
1,035 2,865 3,900 14,911
24,482 8,982 33,464 139,645
87,736 9,979 97,715 391,686
196 – 196 79,216
31,004 2,638 33,642 238,321
1,040 – 1,040 39,765
– – – 441,739
44,321 3,566 47,887 75,802
27,873 6,089 33,962 193,968
630,466 121,745 752,211 3,712,995
– – – (40,903)
$ 630,466 $ 121,745 $ 752,211 $3,672,092
See Notes to Financial Statements.
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Horizons, A Family Service Alliance
STATEMENTS OF FUNCTIONAL EXPENSES
Year ended June 30, 2020
Program services
Consumer Youth Neighborhood
credit and transportation
Counseling counseling senior meals service Total
Salaries $ 429,051 $ 191,823 $ 684,313 $ 510,547 $1,815,734
Employee benefits 82,127 39,296 131,986 57,788 311,197
Payroll taxes 36,380 16,240 57,537 43,836 153,993
Total salaries and related benefits 547,558 247,359 873,836 612,171 2,280,924
Travel and conferences 18,172 3,503 8,048 1,942 31,665
Printing and publications 2,799 435 10,665 1,405 15,304
Postage, shipping and delivery 433 3,154 8,006 247 11,840
Telephone and internet 28,531 10,622 66,327 26,198 131,678
Occupancy 38,394 17,632 77,679 35,027 168,732
Transportation – – 28,250 75,571 103,821
Supplies 46,037 3,271 181,715 46,611 277,634
Repairs and maintenance 925 – 13,575 2,750 17,250
Meals – – 589,866 – 589,866
Professional fees and contracted services 14,895 8,239 13,456 3,396 39,986
Depreciation 15,107 9,801 64,561 61,510 150,979
Total expenses 712,851 304,016 1,935,984 866,828 3,819,679
Less discontinued operations (712,851) – – – (712,851)
Totals $ – $ 304,016 $1,935,984 $ 866,828 $3,106,828
See Notes to Financial Statements.
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Supporting activities
Management Marketing
and and Grand
general fundraising Total total
$ 498,285 $ 90,641 $ 588,926 $2,404,660
64,406 14,391 78,797 389,994
36,650 7,255 43,905 197,898
599,341 112,287 711,628 2,992,552
7,789 1,344 9,133 40,798
225 3,941 4,166 19,470
918 839 1,757 13,597
20,110 8,225 28,335 160,013
67,931 7,819 75,750 244,482
– – – 103,821
14,353 2,886 17,239 294,873
1,075 – 1,075 18,325
– – – 589,866
65,014 1,295 66,309 106,295
28,211 58 28,269 179,248
804,967 138,694 943,661 4,763,340
– – – (712,851)
$ 804,967 $ 138,694 $ 943,661 $4,050,489
See Notes to Financial Statements.
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Horizons, A Family Service Alliance
STATEMENTS OF CASH FLOWS
Year ended June 30
2021 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Change in net assets $ 936,701 $ 222,463
Adjustments to reconcile change in total net assets to
net cash flows from operating activities
Depreciation 193,968 179,248
Change in beneficial interest in assets held by Community Foundations (16,638) (3,279)
Reinvested interest (1,481) (1,245)
Gain on disposal of property and equipment (17,719) –
Contributions restricted for long-term purposes (27,500) –
Paycheck Protection Program loan forgiveness (472,400) –
Change in assets and liabilities
Receivables 53,432 95,085
Unconditional promises to give 52,000 185,000
Prepaid expenses (5,879) 25,603
Accounts payable (2,066) (67,937)
Refundable advances – (2,300)
Accrued expenses 14,837 (77,568)
Custodial funds (7,953) 104,140
Net cash flows from operating activities 699,302 659,210
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment (139,843) (118,120)
Proceeds from sale of property and equipment 30,750 –
Net cash flows from investing activities (109,093) (118,120)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of Paycheck Protection Program Loan – 472,400
Net cash flows from financing activities – 472,400
NET CHANGE IN CASH 590,209 1,013,490
CASH
Beginning 1,641,151 627,661
Ending $2,231,360 $1,641,151
RECONCILIATION OF CASH PER STATEMENTS OF CASH FLOWS TO
STATEMENTS OF FINANCIAL POSITION
Cash $2,046,832 $1,448,910
Cash – restricted, custodial funds 184,528 192,241
$2,231,360 $1,641,151
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING
AND FINANCING ACTIVITIES
In-kind contributions of property and equipment $ 27,500 $ –
Paycheck Protection Program loan forgiveness $ 472,400 $ –
Horizons, A Family Service Alliance
NOTES TO FINANCIAL STATEMENTS
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NOTE 1 NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES
Nature of Activities
Horizons, A Family Service Alliance (the Organization) was incorporated in the State of Iowa on July 1, 2005. The purpose
of the Organization is to provide services to youth and families through assessing their social needs, providing education,
advocacy and providing services to meet those needs.
Description of Programs
Counseling – Individual and family counseling programs with a focus on intervention and treatment for mental health
concerns. These programs were closed effective June 30, 2020.
Consumer Credit Counseling – Individual counseling and group education to help individuals overcome debt problems.
Youth and Senior Meals – Programs to assist the elderly, ill, persons with disabilities, and youth with their daily nutritional
needs.
Neighborhood Transportation Services – A program providing curb-to-curb and shuttle van services, affordable night and
weekend transportation to work, school, or life skill classes typically during times when the fixed route city buses do not
operate. The city of Cedar Rapids provides some of the vehicles for this program at no cost to Horizons.
Basis of Accounting
The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with
accounting principles generally accepted in the United States of America.
As required by the Not-for-Profit Organizations Topic of the FASB Accounting Standards Codification, the Organization
reports information regarding its financial position and activities according to two classes of net assets:
Net assets without donor restrictions are those assets which are not restricted by donor-imposed stipulations. The
Organization's Board of Directors has earmarked portions of its net assets without donor restrictions as board
designated for various purposes.
Net assets with donor restrictions result from contributions and other inflows of assets whose use by the Organization
is limited to donor-imposed stipulations. As donor-imposed stipulations expire, net assets with donor restrictions are
reclassified as net assets without donor restrictions and reported in the statement of activities as net assets released
from restriction.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States
of America requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts
of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Certificates of Deposit
The Organization recognizes certificates of deposit at cost plus accrued interest.
Horizons, A Family Service Alliance
NOTES TO FINANCIAL STATEMENTS
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NOTE 1 NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (continued)
Receivables
Receivables are recorded at the estimated net realizable amount expected to be received from third party payors, clients,
grantors and others. The Organization records an allowance for uncollectible account balances based on an evaluation
of the collectability of the receivables, including historical loss experience, payer base, and economic conditions. At June
30, 2021 and 2020, the allowance for uncollectible accounts was $18,421 and $38,130, respectively.
Property and Equipment
The Organization capitalizes all property and equipment expenditures with a cost basis of greater than $1,000. Property
and equipment is recorded at cost. Depreciation is computed utilizing the straight-line method over the estimated useful
lives of the assets. Donated property and equipment are recorded at their estimated fair value at the date of the gift.
The estimated useful lives of assets are as follows:
Asset Class Estimated useful lives
Land impovements 25 years
Buildings and improvements 10 – 40 years
Equipment 3 – 10 years
Vehicles 5 years
Software 5 years
Beneficial Interest in Assets Held by Community Foundations
Beneficial interest in assets held by community foundations consists of assets held at the Greater Cedar Rapids
Community Foundation and the Community Foundation of Johnson County (the Community Foundations) under
designated agency agreements. Beneficial interests are carried at fair value, with gains and losses resulting from market
fluctuations recognized in the period in which the fluctuations occur. Investment income is reported as an increase or
decrease in net assets without donor restrictions, unless the use of the assets is restricted by the donor and the restrictions
have not been met in the reporting period in which the income was recognized.
The Organization holds a share of the pooled funds and not direct ownership of the underlying investments. The funds
are subject to policies and governing documents of the Community Foundations, including control over investment and
asset management. Distributions from the funds are paid to the Organization according to the Community Foundations’
distribution policies.
Revenue Recognition
Government and Private Grants and Contributions
Revenue from government and private grants are generally considered to be subject to conditions that must be met before
the Organization is entitled to funding. The Organization recognizes revenue from grants and contracts when all material
barriers have been overcome in order for the Organization to be entitled to the funding. Typically these barriers are
overcome when qualifying expenditures have been incurred or defined outcomes have been achieved. Revenues from
grants and contracts whose conditions have been met are recorded as grants and contributions receivable until funded
by the grantor. Funding received prior to the conditions being met is recorded as refundable advances.
Contributions are recognized as revenue when the donor makes a promise to give to the Organization which is, in
substance, unconditional. Conditional promises to give are recognized only when the conditions on which they depend
are substantially met. Unconditional contributions are recorded as with or without donor restrictions, depending on the
existence and/or nature of any donor restrictions. An allowance for doubtful accounts is provided based upon
management’s judgment, including such factors as prior history and nature of the contribution.
Horizons, A Family Service Alliance
NOTES TO FINANCIAL STATEMENTS
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NOTE 1 NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (continued)
Revenue Recognition (continued)
Public support that is expected to be collected within one year is recorded at its net realizable value. Public support that
is expected to be collected in future years is reported at fair value using present value techniques. The discount on those
amounts is computed using an interest rate applicable in the year in which the contribution was received. All grants and
contributions receivable as of June 30, 2021 are anticipated to be collected in the following year and, therefore, no discount
has been recorded.
Fee for Service
Fee for service revenues consist primarily of counseling services, billed to Medicaid MCO’s and private insurance carriers,
and transportation services. These revenues are reported at the amount that reflects the consideration the Organization
expects to be entitled to in exchange for providing the service. The transaction price is based on standard charges for
services provided, reduced by contractual adjustments provided to third-party payors, discounts provided to clients, and/or
implicit price concessions provided to clients. The Organization determines its estimates of contractual adjustments,
discounts, and implicit price concessions based on contractual agreements and historical experience. Performance
obligations for counseling and transportation services are satisfied at the point-in-time the service is provided (i.e. a
counseling appointment occurs or a client is provided transportation). Generally, these services are billed within days of
the service being performed or at the end of the month.
Contributed Goods and Services
Contributions of donated goods are recorded at their fair values in the period received. Contributions of donated services
that create or enhance nonfinancial assets or that require specialized skills, are provided by individuals possessing those
skills, and would typically need to be purchased if not provided by donation, are recorded at their fair values in the period
received. Numerous volunteers have donated significant amounts of time to the Organization. The value of these services
has not been recorded to the financial statements as the criteria for recognition has not been met.
Contributed property and equipment are recorded at their estimated fair value at the date of the gift. Such donations are
reported as unrestricted support unless the donor has restricted the donated asset for a specific purpose. The
Organization recognized $27,500 and $-0- of in-kind property and equipment contributions for the years ended June 30,
2021 and 2020, respectively.
The Organization recognized $56,180 and $41,950 of in-kind vehicle expense for the years ended June 30, 2021 and
2020, respectively. The Organization recognized $1,321 and $15,220 of in-kind food and advertising for the years ended
June 30, 2021 and 2020, respectively. The in-kind expenses benefited program and supporting services.
Income Taxes
The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and,
accordingly, no provision for income taxes has been made.
Accounting principles generally accepted in the United States of America require management to evaluate tax positions
taken by the Organization and recognize a tax liability (or asset) for an uncertain position that more likely than not would
not be sustained upon examination by the Internal Revenue Service. Management has evaluated their material tax
positions and determined there are no uncertain positions taken or expected to be taken that would require recognition of
a liability (or asset) or disclosure in the financial statements. The Organization is subject to routine audits by tax
authorities; however, there are currently no audits for any tax periods in progress. Management believes the Organization
is no longer subject to income tax examinations for years prior to 2017.
Horizons, A Family Service Alliance
NOTES TO FINANCIAL STATEMENTS
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NOTE 1 NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (continued)
Allocations of Functional Expenses
The Organization allocates its functional expenses among its various programs and supporting activities. Expenses that
can be identified with a specific program or supporting activity are allocated directly to that specific program or supporting
activity. Other expenses that are common to several programs or supporting activities are allocated on the basis of
estimates of square footage and time and effort.
Credit Risk
The Organization at various times throughout the year has amounts on deposit with financial institutions in excess of FDIC
limits.
Advertising
Advertising costs are expensed as incurred. Advertising expense for the years ended June 30, 2021 and 2020 was
$39,962 and $19,470, respectively.
NOTE 2 LIQUIDITY AND AVAILABILITY
The Organization regularly monitors the availability of resources required to meet its operating needs and other
commitments while striving to maximize the investment of its available funds. For purposes of analyzing resources
available to meet general expenditures over a 12-month period, the Organization considers all expenditures related to its
ongoing activities as well as the conduct of services to support those activities to be general expenditures.
In addition to the financial assets available to meet general expenditures over the next 12 months, the Organization
operates with a balanced budget and anticipates collecting sufficient revenue to cover general expenditures.
The Organization considers contributions and grants restricted for programs which are ongoing, major, and central to its
annual operations to be available to meet cash needs for general expenditures.
The following table shows the total financial assets held by the Organization, which are available to meet the general
expenditures and future needs of the Organization as of the statement of financial position date:
June 30
2021 2020
Cash $2,046,832 $1,448,910
Certificates of deposit 33,704 33,224
Receivables, net 318,776 372,208
Grants and contributions receivable 208,000 260,000
Totals $2,607,312 $2,114,342
NOTE 3 GRANTS AND CONTRIBUTIONS RECEIVABLE
Grants and contributions receivable are expected to be collected within one year and totaled $208,000 and $260,000 at
June 30, 2021 and 2020, respectively.
Horizons, A Family Service Alliance
NOTES TO FINANCIAL STATEMENTS
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NOTE 4 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATIONS
The Organization’s beneficial interest in assets held by Community Foundations consists of assets held by the Greater
Cedar Rapids Community Foundation and the Community Foundation of Johnson County (Community Foundations). The
Organization holds a share of the Community Foundations’ pooled funds and not direct ownership of the underlying
investments. Although the pooled funds include investments in equity, fixed income, real assets, and other marketable
securities, the pool itself is not a publicly traded instrument. Management estimates the fair value of its pooled investments
at the statement of financial position date based on its relative ownership investment in the pool. All funds held at the
Community Foundations are measured at fair value using the net asset value per share, or its equivalent, practical
expedient.
Investments Measured Using the Net Asset Value per Share Practical Expedient
Redemption Redemption
Fair value Unfunded frequency notice
2021 2020 commitments (if currently eligible) period
Beneficial interests in assets
held at Community Foundations $ 83,760 $ 67,122 None Daily None
NOTE 5 LINE OF CREDIT
The Organization has a $500,000 revolving line of credit available at a bank. The line of credit bears interest at a rate
equal to 1% below the U.S Prime rate, not to be less than 4.0% (rate of 4.0% at June 30, 2021). The line of credit matures
on April 1, 2022. The agreement is collateralized by the Organization’s real property located at 819 5th Street SE in Cedar
Rapids, Iowa. The balance of the line of credit at June 30, 2021 and 2020 was $-0-.
NOTE 6 PAYCHECK PROTECTION PROGRAM LOAN
Through a loan agreement dated April 21, 2020, the Organization received loan proceeds of $472,400 from a financial
institution under the federal Paycheck Protection Program (PPP) administered by the Small Business Administration
(SBA) and the United States Department of Treasury. The PPP, established as part of the Coronavirus Aid, Relief and
Economic Security Act (CARES Act), provides loans to qualifying business for amounts up to 2.5 times the average
monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable as long as the borrower
uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities as well as meets all other
requirements as described in the CARES Act. The loan was forgiven by the SBA in December 2020 and, accordingly,
has been recognized as a gain from loan forgiveness in the accompanying statements of activities.
NOTE 7 NET ASSETS
Net assets with donor restrictions are available for the following purposes:
June 30
2021 2020
United Way – for subsequent year’s operations $ 208,000 $ 260,000
Capital improvements – 10,000
Accumulated earnings on perpetual endowment 20,727 13,432
Perpetual endowment 17,000 17,000
$ 245,727 $ 300,432
Horizons, A Family Service Alliance
NOTES TO FINANCIAL STATEMENTS
-17-
NOTE 7 NET ASSETS (continued)
Net assets were released from donor restrictions by incurring expenses satisfying the restricted purpose or through the
passage of time as follows:
Year ended June 30
2021 2020
Expiration of time restrictions $ 260,000 $ 445,000
Programs 10,000 2,500
$ 270,000 $ 447,500
NOTE 8 ENDOWMENT FUNDS
The Organization's endowment funds consist of board designated endowment net assets, investment return on donor-
restricted endowment funds which is available for appropriation, and net assets with donor restrictions which provide that
the corpus be invested in perpetuity and only the income be used. As required by generally accepted accounting
principles, net assets associated with endowment funds are classified and reported based on the existence or absence
of donor-imposed restrictions.
The Organization follows the endowment fund disclosure requirements of the Not-for-Profit Entities Topic of the FASB
Accounting Standards Codification as well as the Uniform Prudent Management of Institutional Funds Act (Act) which was
adopted as law in the State of Iowa. The Organization has adopted the practice of preserving the fair value of the original
gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a
result of this interpretation, the Organization classifies as net assets with donor restrictions, held in perpetuity the original
value of gifts donated to the permanent endowment, the original value of subsequent gifts to the permanent endowment,
and accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift
instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment
funds that is classified as net assets with donor restrictions, held in perpetuity is classified as endowment earnings on
donor-restricted endowment funds that are held until those amounts are appropriated for expenditure by the Organization
in a manner consistent with the standard of prudence prescribed by the Act. In accordance with the Act, the Organization
considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds:
• the duration and preservation of the various funds
• the purposes of the donor-restricted endowment funds
• general economic conditions
• the possible effect of inflation and deflation
• the expected total return from income and the appreciation or depreciation of investments
• other resources of the Organization
• the Organization’s investment policies.
In addition to the endowment funds described above, the Organization’s board of directors has designated unrestricted
net assets as endowment funds. These funds and their investment earnings are reported with net assets without donor
restrictions on the statements of financial position.
Horizons, A Family Service Alliance
NOTES TO FINANCIAL STATEMENTS
-18-
NOTE 8 ENDOWMENT FUNDS (continued)
The Organization’s endowment consists of interest in assets held at the Greater Cedar Rapids Community Foundation
and the Community Foundation of Johnson County (Community Foundations) and is governed by endowment agreements
between the Organization and the Community Foundations. Per the Community Foundations’ investment policies, the
assets of the endowment fund are to be invested with the primary objective of providing consistent flow of funds in support
of the Organization’s mission and a secondary objective of preserving the real value (inflation adjusted) of current assets
and future gifts. Endowment assets are invested in a well-diversified asset mix that is intended to result in a moderate
level of investment risk. Annually, the Organization may request from the Community Foundations distributions consistent
with the Community Foundations’ distribution policies. The Organization did not request distributions for the years ending
June 30, 2021 and 2020.
Endowment net asset composition by type of fund as of June 30, 2021 and 2020 is as follows:
2021 2020
With donor Without donor With donor Without donor
restrictions restrictions Total restrictions restrictions Total
Board-designated endowment funds $ – $ 46,032 $ 46,032 $ – $ 36,692 $ 36,692
Donor-restricted endowment funds
Original donor-restricted gift amounts
required to be held in perpetuity 17,000 – 17,000 17,000 – 17,000
Accumulated earnings on perpetual
endowment 20,728 – 20,728 13,432 – 13,432
$ 37,728 $ 46,032 $ 83,760 $ 30,432 $ 36,692 $ 67,124
The change in endowment net assets was as follows:
Year ended June 30, 2021 Year ended June 30, 2020
With donor Without donor With donor Without donor
restrictions restrictions Total restrictions restrictions Total
Balance, beginning of year $ 30,432 $ 36,692 $ 67,124 $ 31,170 $ 32,674 $ 63,844
Investment return 7,296 9,340 16,636 (738) 4,018 3,280
Balance, end of year $ 37,728 $ 46,032 $ 83,760 $ 30,432 $ 36,692 $ 67,124
Horizons, A Family Service Alliance
NOTES TO FINANCIAL STATEMENTS
-19-
NOTE 9 OPERATING LEASES
The Organization rents out portions of its property and facilities under two operating leases. The leases have termination
clauses which would allow for the expiration of the leases on September 30, 2022 and August 1, 2025, respectively. The
future minimum lease payments on these leases are as follows:
Year ending June 30
2022 $ 65,482
2023 52,357
2024 47,982
2025 51,501
2026 4,318
$ 221,640
Rental income for the years ended June 30, 2021 and 2020 was $115,358 and $131,014, respectively.
NOTE 10 EMPLOYEE BENEFITS
The Organization maintains a defined contribution 401(k) plan covering employees who have one month of service and
are age 21 or older. The plan allows employees to defer their income on a pretax basis through contributions to the plan.
In addition, the Organization matches 50% of the participants’ eligible contributions, up to 6% of their compensation. The
Organization’s expense under the plan for the years ended June 30, 2021 and 2020 was $26,053 and $36,752,
respectively.
NOTE 11 MAJOR FUNDING SOURCES
A substantial portion of the Organization’s total support and revenue is received from the Heritage Area Agency on Aging
(HAAA). This funding concentration is summarized as follows:
2021 2020
Source Revenue % of total Revenue % of total
HAAA $ 824,474 18% $1,313,596 26%
Receivables as of June 30, 2021 and 2020 included $66,419 and $205,073 from HAAA, respectively.
Horizons, A Family Service Alliance
NOTES TO FINANCIAL STATEMENTS
-20-
NOTE 12 DISCONTINUED OPERATIONS
During the year ended June 30, 2020, the Organization elected to discontinue its four primary counseling service
programs. Accordingly, the accompanying financial statements have been prepared with the results of the activities of
these programs displayed separately. The operating results of the discontinued operations for the years ended June 30,
2021 and 2020, are summarized as follows:
2021 2020
Support and revenue
Contributions $ – $ 47,774
Other grants 59,244 556,130
Program service fees – 70,389
Total support and revenue 59,244 674,293
Expenses
Salaries and related expenses 37,336 547,558
Other operating expenses 3,567 165,293
Total expenses 40,903 712,851
Income (loss) on discontinued operations $ 18,341 $ (38,558)
NOTE 13 ASSETS HELD FOR SALE
During the year ended June 30, 2021, the Organization began to actively market the sale of one of its facilities, as it is no
longer being used by the Organization. The carrying value of these assets held for sale at June 30, 2021 was $315,020
and is reported as assets held for sale in the 2021 statement of financial position.
NOTE 14 SUBSEQUENT EVENTS
The Organization has evaluated subsequent events through December 6, 2021, the date the financial statements were
available to be issued. There were no subsequent events which require accrual or disclosure.
-21-
SUPPLEMENTARY INFORMATION
See Independent Auditor's Report.
-22-
Horizons, A Family Service Alliance
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Year ended June 30, 2021
Assistance Agency or
Federal Grantor/Program Title/ Listing pass-through Federal
Grant Description number Pass-through Grantor number expenditures
U.S. Department of Agriculture
Child and Adult Care Food Program 10.558 $ 92,556
U.S. Department of Housing and Urban Development
Community Development Block Grant Program 14.218 City of Cedar Rapids, Iowa N/A 17,837
(COVID-19) Community Development Block Grant 14.218 City of Iowa City, Iowa N/A 20,000
Housing Counseling Assistance Program 14.169 12,089
Total U.S. Department of Housing and Urban Development 49,926
U.S. Department of Justice
Crime Victim Assistance 16.575 Iowa Department of Justice VS-20-35-HP 51,165
U.S. Department of Health and Human Services
National Family Caregiver Support, Title III, Part E 93.052 Heritage Area Agency on Aging N/A 49,475
Aging Cluster
Special Programs for the Aging, Title III, Part C
Nutrition Services 93.045 Heritage Area Agency on Aging N/A 354,661
Nutrition Services Incentive Program 93.053 Heritage Area Agency on Aging N/A 224,002
Total Aging Cluster 578,663
Total U.S. Department of Health and Human Services 628,138
U.S. Department of Homeland Security
Emergency Food and Shelter National Board Program 97.024 Linn County, Iowa N/A 50,675
U.S. Department of Treasury
Coronavirus Relief Fund 21.019 MHDS-East Central Region N/A 50,000
Total federal expenditures $ 922,460
See Independent Auditor's Report.
-23-
Horizons, A Family Service Alliance
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (continued)
Year ended June 30, 2021
NOTE A BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the
Organization under programs of the federal government for the year ended June 30, 2021. The information in this
Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not
present the financial position, changes in net assets or cash flows of the Organization.
NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures
Expenditures reported in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable
or are limited as to reimbursement.
Indirect Cost Allocation Rate
The Organization has elected not to use the 10 percent de minimus indirect cost rate as allowed under the Uniform
Guidance.
NOTE C IN-KIND SUPPORT
In-kind support for volunteer hours in the amount of $-0- for congregate meals and $159,255 for home delivered meals,
totaling $159,255, was obtained for the Aging Cluster (Assistance Listing numbers 93.045 and 93.053), which is required
by the grant.
-24-
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED
ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE
WITH GOVERNMENT AUDITING STANDARDS
Board of Directors
Horizons, A Family Service Alliance
Cedar Rapids, Iowa
We have audited, in accordance with the auditing standards generally accepted in the United States of America and
the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller
General of the United States, the financial statements of Horizons, A Family Service Alliance (a nonprofit corporation),
which comprise the statement of financial position as of June 30, 2021, and the related statements of activities,
functional expenses and cash flows for the year then ended, and the related notes to the financial statements, and
have issued our report thereon dated December 6, 2021.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered Horizons, A Family Service Alliance's
internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of Horizons, A Family Service Alliance's internal control. Accordingly, we
do not express an opinion on the effectiveness of Horizons, A Family Service Alliance's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal
control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will
not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a
combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to
merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and
was not designed to identify all deficiencies in internal control that might be material weaknesses or significant
deficiencies and therefore, material weaknesses or significant deficiencies may exist that have not been identified.
Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be
material weaknesses. We did identify a deficiency in internal control, described in the accompanying schedule of
findings and questioned costs as item 2021-001 that we consider to be a significant deficiency.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether Horizons, A Family Service Alliance's financial statements
are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
determination of financial statement amounts. However, providing an opinion on compliance with those provisions
was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests
disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing
Standards.
-25-
Horizons, A Family Service Alliance’s Response to Finding
Horizons, A Family Service Alliance’s response to the finding identified in our audit is described in the accompanying
schedule of findings and question costs. Horizons, A Family Service Alliance’s response is not subjected to the
auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on it.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the
results of that testing, and not to provide an opinion on the effectiveness of the organization’s internal control or on
compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards
in considering Horizons, A Family Service Alliance’s internal control and compliance. Accordingly, this
communication is not suitable for any other purpose.
DENMAN & COMPANY, LLP
West Des Moines, Iowa
December 6, 2021
-26-
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE FOR EACH MAJOR
PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED
BY THE UNIFORM GUIDANCE
Board of Directors
Horizons, A Family Service Alliance
Cedar Rapids, Iowa
Report on Compliance for Each Major Federal Program
We have audited Horizons, A Family Service Alliance’s compliance with the types of compliance requirements
described in the OMB Compliance Supplement that could have a direct and material effect on each of Horizons, A
Family Service Alliance’s major federal programs for the year ended June 30, 2021. Horizons, A Family Service
Alliance’s major federal programs are identified in the summary of the independent auditor’s results section of the
accompanying schedule of findings and questioned costs.
Management’s Responsibility
Management is responsible for compliance with federal statutes, regulations, and the terms and conditions of its
federal awards applicable to its federal programs.
Auditor’s Responsibility
Our responsibility is to express an opinion on compliance for each of Horizons, A Family Service Alliance’s major
federal programs based on our audit of the types of compliance requirements referred to above. We conducted our
audit of compliance in accordance with auditing standards generally accepted in the United States of America; the
standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain
reasonable assurance about whether noncompliance with the types of compliance requirements referred to above
that could have a direct and material effect on a major federal program occurred. An audit includes examining, on
a test basis, evidence about Horizons, A Family Service Alliance’s compliance with those requirements and
performing such other procedures as we considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program.
However, our audit does not provide a legal determination of Horizons, A Family Service Alliance’s compliance.
Opinion on Each Major Federal Program
In our opinion, Horizons, A Family Service Alliance complied, in all material respects, with the types of compliance
requirements referred to above that could have a direct and material effect on each of its major federal programs for
the year ended June 30, 2021.
-27-
Report on Internal Control Over Compliance
Management of Horizons, A Family Service Alliance is responsible for establishing and maintaining effective internal
control over compliance with the types of compliance requirements referred to above. In planning and performing
our audit of compliance, we considered Horizons, A Family Service Alliance’s internal control over compliance with
the types of requirements that could have a direct and material effect on each major federal program to determine
the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on
compliance for each major federal program and to test and report on internal control over compliance in accordance
with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control
over compliance. Accordingly, we do not express an opinion on the effectiveness of Horizons, A Family Service
Alliance’s internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over compliance
does not allow management or employees, in the normal course of performing their assigned functions, to prevent,
or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis.
A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal
control over compliance, such that there is a reasonable possibility that material noncompliance with a type of
compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A
significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal
control over compliance with a type of compliance requirement of a federal program that is less severe than a
material weakness in internal control over compliance, yet important enough to merit attention by those charged
with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of
this section and was not designed to identify all deficiencies in internal control over compliance that might be material
weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that
have not been identified. We did not identify any deficiencies in internal control over compliance that we consider
to be material weaknesses. However, we did identify a deficiency in internal control over compliance, as described
in the accompanying schedule of findings and questioned costs as item 2021-001 that we consider to be a significant
deficiency.
Horizons, A Family Service Alliance’s response to the internal control over compliance finding identified in our audit
is described in the accompanying schedule of findings and question costs. Horizons, A Family Service Alliance’s
response was not subjected to the auditing procedures applied in the audit of the compliance and, accordingly, we
express no opinion on the response.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal
control over compliance and the results of that testing based on the requirements of the Uniform Guidance.
Accordingly, this report is not suitable for any other purpose.
DENMAN & COMPANY, LLP
West Des Moines, Iowa
December 6, 2021
-28-
Horizons, A Family Service Alliance
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year ended June 30, 2021
SECTION 1 – SUMMARY OF INDEPENDENT AUDITOR’S RESULTS
Financial Statements
Type of report the auditor issued on whether the financial
statements audited were prepared in accordance with GAAP: Unmodified opinion
Internal control over financial reporting:
Material weakness(es) identified? Yes X No
Significant deficiency(ies) identified? X Yes None Reported
Noncompliance material to financial statements noted? Yes X No
Federal Awards
Internal control over major federal programs:
Material weakness(es) identified? Yes X No
Significant deficiency(ies) identified? X Yes None Reported
Type of auditor’s report issued on compliance for major
federal programs: Unmodified opinion
Any audit findings disclosed that are required
to be reported in accordance with 2 CFR
200.516(a)? Yes X No
Identification of major federal programs: Assistance Listing Number 93.045, 93.053 –
Aging Cluster
Dollar threshold used to distinguish between type A and
type B programs: $750,000
Auditee qualified as low-risk auditee? Yes X No
-29-
Horizons, A Family Service Alliance
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (continued)
Year ended June 30, 2021
SECTION II – FINANCIAL STATEMENT FINDINGS
INTERNAL CONTROL DEFICIENCY
Finding 2021-001 – Approval of Disbursements
Significant Deficiency
Criteria
In order to ensure all disbursements are authorized and properly accounted for, all invoices and similar supporting
documentation should either be (a) reviewed and approved by supervisory personnel directly responsible for the
disbursement prior to the payment of the invoice or (b) be included within a pre-determined set of recurring transactions
for which the accounting staff have authority to pay upon receipt. Evidence of review of approval of disbursements should
be retained with the supporting documentation.
Condition
During our audit procedures, we selected 25 disbursements to trace to supporting documentation. Of the 25
disbursements selected, we identified 13 instances in which approval of the disbursement was not maintained with the
supporting documentation. Of the 13 disbursements noted, 8 were recurring monthly invoices, however, management
does not maintain a specific list of these recurring invoices which the accounting staff have authorization to pay upon
receipt.
Cause
The review and approval process for disbursements appears to be fairly informal. Staff will make inquiries of other team
members when necessary, however, evidence of approval of these disbursements is not required to be retained with the
supporting documentation in all instances.
Effect
There may be an increased risk of unauthorized disbursement occurring or disbursements being recorded to the financial
statements incorrectly.
Recommendation
We recommend management establish a formal list of recurring transactions which may be paid by accounting staff upon
receipt without further authorization. Other disbursement transactions should be reviewed by supervisory personnel
directly responsible for the disbursement and evidence of their review and approval should be retained with the supporting
documentation.
Views of Responsible Officials
Additional processes will be implemented to provide additional evidence of staff review and approval of disbursements.
Conclusions
Response accepted.
INSTANCES OF NONCOMPLIANCE
No matters were noted.
-30-
Horizons, A Family Service Alliance
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (continued)
Year ended June 30, 2021
SECTION III – FEDERAL AWARD FINDINGS AND QUESTIONED COSTS
INTERNAL CONTROL DEFICIENCY
Finding 2021-001 – Approval of Disbursements
All Federal Programs
See page 29 of the Schedule of Findings and Questioned Costs for details regarding this finding.
INSTANCES OF NONCOMPLIANCE
No matters were noted.
-31-
Horizons, A Family Service Alliance
CORRECTIVE ACTION PLAN
Year ended June 30, 2021
Comment
Number Comment
Title Corrective Action Plan
Contact
Person, Title,
Phone Number
Anticipated Date
of Completion
2021-001 Approval of
Disbursements
The corrective action plan was
documented in our response
to the auditor’s comment. See
the Schedule of Findings and
Questioned Costs.
Cathy Ondler,
Controller
(319) 375-3152
December 31, 2021