FAC Explorer

Audit 291722

FY End
2023-06-30
Total Expended
$12.39M
Findings
2
Programs
9
Organization: Town of Blacksburg, Virginia (VA)
Year: 2023 Accepted: 2024-02-22
Auditor: Brown Edwards & CO LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
370174 2023-002 - - L
946616 2023-002 - - L

Programs

ALN Program Spent Major Findings
20.507 Federal Transit_formula Grants $2.17M Yes 0
14.239 Home Investment Partnerships Program $437,935 - 0
14.218 Community Development Block Grants/entitlement Grants $404,297 Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $112,279 - 0
20.500 Federal Transit_capital Investment Grants $68,048 Yes 0
20.205 Highway Planning and Construction $37,601 - 0
20.601 Alcohol Impaired Driving Countermeasures Incentive Grants I $10,328 - 0
93.568 Low-Income Home Energy Assistance $4,246 - 0
16.738 Edward Byrne Memorial Justice Assistance Grant Program $3,427 - 0

Contacts

Name Title Type
U9CCW97ANWH3 Susan Kaiser Auditee
5404431051 Susan Chapman Auditor
No contacts on file

Notes to SEFA

Title: SUBRECIPIENTS Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the modified accrual basis of accounting as contemplated by generally accepted accounting principles. De Minimis Rate Used: N Rate Explanation: The Town did not elect to use the 10% de minimus indirect cost rate. The federal expenditures of the Community Development Block Grants Program and the HOME Investment Partnership Program include grants to subrecipients for various rehabilitation projects throughout the Town.
Title: OUTSTANDING LOAN BALANCES Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the modified accrual basis of accounting as contemplated by generally accepted accounting principles. De Minimis Rate Used: N Rate Explanation: The Town did not elect to use the 10% de minimus indirect cost rate. As of June 30, 2023, the Town had no outstanding loan balances requiring continuing disclosure.

Finding Details

Finding 2023-002
CDBG – Community Development Block Grants/Entitlement Grants – ALN #14.218, Reporting Condition: Housing and Community Connections did not timely file Cash on Hand Quarterly Reports in two instances of testing. Criteria: Under the requirements in the Uniform Guidance, reports are to be filed within 30 days after the end of the reporting period. Cause: Housing and Community Connections typically files all reports timely, however, two quarterly reports during the same quarter were filed late. Effect: Failure to file timely reports could result in improper reporting of the use of Federal funds. Perspective Information: Two Cash on Hand Quarterly Reports of four tested were not filed within 30 days after the end of the reporting period. Recommendation: Management should implement a procedure to ensure that reports are filed within reporting periods. Views of Responsible Officials and Planned Corrective Action: Housing and Community Connections will put into place a procedure to ensure that reports are filed timely
Finding 2023-002
CDBG – Community Development Block Grants/Entitlement Grants – ALN #14.218, Reporting Condition: Housing and Community Connections did not timely file Cash on Hand Quarterly Reports in two instances of testing. Criteria: Under the requirements in the Uniform Guidance, reports are to be filed within 30 days after the end of the reporting period. Cause: Housing and Community Connections typically files all reports timely, however, two quarterly reports during the same quarter were filed late. Effect: Failure to file timely reports could result in improper reporting of the use of Federal funds. Perspective Information: Two Cash on Hand Quarterly Reports of four tested were not filed within 30 days after the end of the reporting period. Recommendation: Management should implement a procedure to ensure that reports are filed within reporting periods. Views of Responsible Officials and Planned Corrective Action: Housing and Community Connections will put into place a procedure to ensure that reports are filed timely