FAC Explorer

Audit 293960

FY End
2023-06-30
Total Expended
$3.67M
Findings
2
Programs
1
Organization: Regional Development Authority of Charleston Kanawha County West Virginia Metropolitan Region (WV)
Year: 2023 Accepted: 2024-03-07
Auditor: Bhm CPA Group INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
374352 2023-001 - - L
950794 2023-001 - - L

Programs

ALN Program Spent Major Findings
15.252 Abandoned Mine Land Reclamation (amlr) Program $3.67M Yes 1

Contacts

Name Title Type
MWPXBEM2L385 Amy King Auditee
3043570570 Timothy W Loper Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedule of Federal Awards Receipts and Expenditures (the Schedule) includes the federal award activity of Regional Development Authority of Charleston-Kanawha County, West Virginia Metropolitan Region (the Authority) under programs of the federal government for the year ended June 30, 2023. The information on this Schedule is prepared 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 operations of the County, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority. De Minimis Rate Used: Y Rate Explanation: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. The Authority has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-001
We noted that the County did not submit the single audit reporting package to the Federal Audit Clearinghouse within the prescribed timeframe. Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) section 200.512 State: “The audit must be completed and the data collection form …and reporting package … must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period….” The entity was unable to compile financial statements before the prescribed timeframe had been reached. The Federal awarding agency or pass-through entity may impose additional conditions, or take actions that could include in part; temporarily withhold cash payments, disallow all or part of the cost of the activity, wholly or partly suspend or terminate the Federal award, withhold further Federal awards for the project or program, or take other remedies that may be legally available. For future single audits, the County should endeavor to ensure that financial statements are complete and that the audit is scheduled prior to the single audit deadline
Finding 2023-001
We noted that the County did not submit the single audit reporting package to the Federal Audit Clearinghouse within the prescribed timeframe. Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) section 200.512 State: “The audit must be completed and the data collection form …and reporting package … must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period….” The entity was unable to compile financial statements before the prescribed timeframe had been reached. The Federal awarding agency or pass-through entity may impose additional conditions, or take actions that could include in part; temporarily withhold cash payments, disallow all or part of the cost of the activity, wholly or partly suspend or terminate the Federal award, withhold further Federal awards for the project or program, or take other remedies that may be legally available. For future single audits, the County should endeavor to ensure that financial statements are complete and that the audit is scheduled prior to the single audit deadline