FAC Explorer

Audit 19560

FY End
2022-06-30
Total Expended
$2.33M
Findings
4
Programs
12
Organization: City of Potosi, Missouri (MO)
Year: 2022 Accepted: 2023-01-16
Auditor: Croghan and Croghan PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
15946 2022-003 Significant Deficiency - B
15947 2022-003 Significant Deficiency - B
592388 2022-003 Significant Deficiency - B
592389 2022-003 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
11.300 Investments for Public Works and Economic Development Facilities $1.35M Yes 1
11.307 Economic Adjustment Assistance $323,449 Yes 1
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $229,655 - 0
20.205 Highway Planning and Construction $166,367 - 0
90.201 Delta Area Economic Development $159,633 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $51,571 - 0
16.710 Public Safety Partnership and Community Policing Grants $15,560 - 0
66.458 Capitalization Grants for Clean Water State Revolving Funds $13,500 - 0
15.916 Outdoor Recreation_acquisition, Development and Planning $3,708 - 0
20.600 State and Community Highway Safety $3,355 - 0
20.607 Alcohol Open Container Requirements $997 - 0
20.616 National Priority Safety Programs $487 - 0

Contacts

Name Title Type
TZDBNK5B9MF1 Joseph Blount Auditee
5734382767 Michael Croghan Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting, which recognizes expenditures in the period the liabilities are paid. 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-003
2022-3 Criteria: The Office of Management and Budget?s (OMB) Uniform Guidance requires a non-federal entity to have certain written policies and procedures in place surrounding the management of their federal awards. Condition: The City has not adopted written policies and procedures related to federal awards as required by the Uniform Guidance. Context: The lack of written controls pertains to all federal awards. Cause: This condition appears to be the result of a time lag in identifying the requirement and developing a plan for compliance. Effect: As a result of this condition, the City may not fully comply with the Uniform Guidance applicable to certain federal awards. Questioned Costs: No costs have been questioned as a result of this finding. Recommendation: We recommend the City adopt the required written policies and procedures required by the Uniform Guidance. Views of Responsible Officials and Planned Corrective Actions: The City understands the concern. The City will review and update the City of Potosi?s procurement policy to add the federal guidelines to comply with Uniform Guidance.
Finding 2022-003
2022-3 Criteria: The Office of Management and Budget?s (OMB) Uniform Guidance requires a non-federal entity to have certain written policies and procedures in place surrounding the management of their federal awards. Condition: The City has not adopted written policies and procedures related to federal awards as required by the Uniform Guidance. Context: The lack of written controls pertains to all federal awards. Cause: This condition appears to be the result of a time lag in identifying the requirement and developing a plan for compliance. Effect: As a result of this condition, the City may not fully comply with the Uniform Guidance applicable to certain federal awards. Questioned Costs: No costs have been questioned as a result of this finding. Recommendation: We recommend the City adopt the required written policies and procedures required by the Uniform Guidance. Views of Responsible Officials and Planned Corrective Actions: The City understands the concern. The City will review and update the City of Potosi?s procurement policy to add the federal guidelines to comply with Uniform Guidance.
Finding 2022-003
2022-3 Criteria: The Office of Management and Budget?s (OMB) Uniform Guidance requires a non-federal entity to have certain written policies and procedures in place surrounding the management of their federal awards. Condition: The City has not adopted written policies and procedures related to federal awards as required by the Uniform Guidance. Context: The lack of written controls pertains to all federal awards. Cause: This condition appears to be the result of a time lag in identifying the requirement and developing a plan for compliance. Effect: As a result of this condition, the City may not fully comply with the Uniform Guidance applicable to certain federal awards. Questioned Costs: No costs have been questioned as a result of this finding. Recommendation: We recommend the City adopt the required written policies and procedures required by the Uniform Guidance. Views of Responsible Officials and Planned Corrective Actions: The City understands the concern. The City will review and update the City of Potosi?s procurement policy to add the federal guidelines to comply with Uniform Guidance.
Finding 2022-003
2022-3 Criteria: The Office of Management and Budget?s (OMB) Uniform Guidance requires a non-federal entity to have certain written policies and procedures in place surrounding the management of their federal awards. Condition: The City has not adopted written policies and procedures related to federal awards as required by the Uniform Guidance. Context: The lack of written controls pertains to all federal awards. Cause: This condition appears to be the result of a time lag in identifying the requirement and developing a plan for compliance. Effect: As a result of this condition, the City may not fully comply with the Uniform Guidance applicable to certain federal awards. Questioned Costs: No costs have been questioned as a result of this finding. Recommendation: We recommend the City adopt the required written policies and procedures required by the Uniform Guidance. Views of Responsible Officials and Planned Corrective Actions: The City understands the concern. The City will review and update the City of Potosi?s procurement policy to add the federal guidelines to comply with Uniform Guidance.