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Colorado · Nonprofit · under $2M in federal spending

Bayaud Enterprises, Inc.

Denver, CO

The FY2023 single audit reports 1 finding: 1 significant deficiency.

No FY2024 single audit on file as of October 30, 2026. For the fiscal year ending June 30, 2024, it was due March 31, 2025, 578 days earlier. It is expected because the FY2023 audit reported $838,952 in federal spending; an organization whose federal spending fell below the threshold would not need one.

Score: 3 of 100 (FY2023 audit)

The sum of eight parts, each read from the audit. How the score works.

PartRulePointsMax
Material weaknesses8 points each024
Significant deficiencies3 points each39
Repeat findings5 points each015
Longest repeat chain2 years 3, 3 years 6, 4 years 9, 5+ years 12012
Modified major-program opinionsqualified 8 each; any adverse or disclaimer 15015
Questioned costsknown amount of $25,000 or more, by share and dollars015
Going concernauditor included a going-concern paragraph05
Prior-year latenessprior-year audit late or not filed, scored only with a finding05
Score3100

Federal funding, FY2023

$838,952 in federal awards spent, across 3 programs. Largest funding agencies:

AgencySpent
Department of Agriculture$493,417
Department of Health and Human Services$345,535

FY2023 audit

FAC record
2023-06-GSAFAC-0000026845
Fiscal year end
June 30, 2023
Accepted by FAC
March 27, 2024
Federal spending
$838,952 · 3 programs
Major programs
1
Score
3 of 100

Finding 2023-002

significant deficiency

Program
SNAP CLUSTER (10.561)
Compliance requirement
Activities allowed or unallowed
FAC record
FY2023 audit on fac.gov
Finding text from the filing

Information on the Federal Program: Assistance Listing Number 10.561— State Administrative Matching Grants for Supplemental Nutrition Assistance Program, United States Department of Agriculture. Pass-Through Entity: Colorado Department of Human Services. Compliance Requirements: Allowable Cost and Activities. Type of Finding: Material Noncompliance and Significant Deficiency

Criteria: Program requirements state that each program participants file should follow the record retention policies contained in the grant agreementand required under 2 CFR §200.333, to support conclusion on program eligibility.

Condition: For the year ended June 30, 2023, we identified one program participant file that was not retained, and were unable to confirm if program participant was eligible, and services provided were supported in file.

Cause: Program staff upon termination misplaced file, and it was unable to be tracked down during audit.

Effect or Potential Effect: As a result, we were not able to verify program eligibility or if services provided were supported and allowable under the program for missing file.

Questioned Costs: None.

Context: Of the sixty participant files tested, we identified one that was not retained and available to review.

Recommendation: The entity program staff and management should ensure record retention policies are enforced.

Views of Responsible : We agree with the auditor’s finding that there was no documentation available to substantiate eligibility, however we believe our actions meet the requirements of the program. While we understand that documentation should be maintained, we do believe that the services provided were in compliance with applicable standards.