Audit 10274

FY End

2022-12-31

Total Expended

$4.20M

Findings

2

Programs

2

Organization: City of Bryant, Arkansas (AR)

Year: 2022 Accepted: 2024-01-08

Auditor: Ata CPAS + Advisors

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
7886	2022-001	Significant Deficiency	-	L
584328	2022-001	Significant Deficiency	-	L

ALN	Program	Spent	Major	Findings
20.205	Highway Planning and Construction	$4.16M	Yes	1
20.600	State and Community Highway Safety	$31,395	-	0

Contacts

Name	Title	Type
HWDDVJ1LZ3V9	Joy Black	Auditee
5019430316	Courtney Moore	Auditor
No contacts on file

Notes to SEFA

Title: Note 2 Accounting Policies: Expenditures reported on the schedule of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditure are not allowable or are limited to reimbursement De Minimis Rate Used: N Rate Explanation: Federal Indirect Rate. The City has elected not to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance. Basis of Accoiunting-The accompanying schedule of expenditures of federal awards includes the federal grant activities of the City of Bryant, Arkansas, and is presented on the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US 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 City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City.

Title: Note 3 Accounting Policies: Expenditures reported on the schedule of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditure are not allowable or are limited to reimbursement De Minimis Rate Used: N Rate Explanation: Federal Indirect Rate. The City has elected not to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance. Federal Indirect Rate. The City has elected not to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance.

Title: Note 4 Accounting Policies: Expenditures reported on the schedule of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditure are not allowable or are limited to reimbursement De Minimis Rate Used: N Rate Explanation: Federal Indirect Rate. The City has elected not to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance. Program Costs-The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs including the City's portion may be more than shown.

Finding Details

Finding 2022-001

Reference No.: 2022-001. Finding: Single Aduit Data Collection Form not field by the due date. Category of Finding: Reporting. Condition: The data collection form for the single audit for the year ended December 31, 2022 was not submitted to the Federal Audit Clearinghouse by September 30, 2023. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data colletion form, to be prepared at the completion of each audit and sumbitted by auditee to the Federal Audit Clearinghouse earlier of 30 caldendar days after receipt of the auditor's reports or nine months after the end of the audit period. Cause: The submission was late due to difficulties in completion of the financial statement audit. Effect: The City of Bryant, Arkansas has not met the reporting requirement related to timely submission of the data collection form required for a Single Audit under the Uniform Guidance. Therefore per 2 CFR seciton 200.520, the City will not meet the low-risk auditee criteria for furter single audits that require submission of the data collection form and reporting package by the due date for each of the two subsequent audit years. Recommendation: We recommend the City develop procedures working closely with the audit firm to ensure that the data collection form is submitted by the reporting deadline. Views of Responsible Officials: The City will work with the audit firm to ensure that the audit field work is schedule with sufficient time to allow the report and data collection form to be timely filed in the future.

Finding 2022-001

Reference No.: 2022-001. Finding: Single Aduit Data Collection Form not field by the due date. Category of Finding: Reporting. Condition: The data collection form for the single audit for the year ended December 31, 2022 was not submitted to the Federal Audit Clearinghouse by September 30, 2023. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data colletion form, to be prepared at the completion of each audit and sumbitted by auditee to the Federal Audit Clearinghouse earlier of 30 caldendar days after receipt of the auditor's reports or nine months after the end of the audit period. Cause: The submission was late due to difficulties in completion of the financial statement audit. Effect: The City of Bryant, Arkansas has not met the reporting requirement related to timely submission of the data collection form required for a Single Audit under the Uniform Guidance. Therefore per 2 CFR seciton 200.520, the City will not meet the low-risk auditee criteria for furter single audits that require submission of the data collection form and reporting package by the due date for each of the two subsequent audit years. Recommendation: We recommend the City develop procedures working closely with the audit firm to ensure that the data collection form is submitted by the reporting deadline. Views of Responsible Officials: The City will work with the audit firm to ensure that the audit field work is schedule with sufficient time to allow the report and data collection form to be timely filed in the future.