FAC Explorer

Audit 301581

FY End
2022-12-31
Total Expended
$2.75M
Findings
2
Programs
1
Organization: Souris River Joint Water Resource Board (ND)
Year: 2022 Accepted: 2024-04-01
Auditor: Brady Martz & Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
390877 2022-004 - - L
967319 2022-004 - - L

Programs

ALN Program Spent Major Findings
12.600 Community Investment $2.75M Yes 1

Contacts

Name Title Type
P5JYWZRSSJG3 Brent Burgard Auditee
7018579117 Daryl Heizelman Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the “Schedule”) are reported on the modified cash basis of accounting. 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditure in prior years. De Minimis Rate Used: N Rate Explanation: Souris River Joint Board has not elected to use the 10% de minimis cost rate as allowed under Uniform Guidance. The schedule includes the federal award activity of the Souris River Joint Board, Inc. under programs of the federal government for the year ended December 31, 2022. The information is presented 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 Souris River Joint Board, it is not intended to and does not present the financial position or change in net position of the Souris River Joint Board.
Title: FEDERAL PORTION OF GOVERNMENT COST SHARE GRANT REVENUE Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the “Schedule”) are reported on the modified cash basis of accounting. 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditure in prior years. De Minimis Rate Used: N Rate Explanation: Souris River Joint Board has not elected to use the 10% de minimis cost rate as allowed under Uniform Guidance. The board does not distinguish between federal and non-federal revenue on the statement of revenues, expenditures, and changes in fund balance – governmental funds. Revenue from multiple sources is consolidated for financial statement presentation. The calculation of federal amounts of funding per proper presentation in the Schedule of Expenditures of Feder Awards are as follows: SEE TABLE IN REPORT

Finding Details

Finding 2022-004
2022-004 Data Collection Form Filing – Uniform Guidance Compliance Finding Criteria: The Board is required file a data collection form to the Federal Audit Clearinghouse within the earlier of 30 days after receipt of the auditor’s reports, or nine months after the end of the audit period. Condition/Context: The Board failed to file the data collection form for the period ending December 31, 2022 within the prescribed timeframe set forth by the Ofiice of Management and budget. Cause: Management failed to oversee the timely filing of the data collection form. Effect: The Board filed the data collection form after the required deadline, as such they cannot be considered a low risk auditee for the years ended December 31, 2023 and 2024. Recommendation: We recommend that the Board keeps track of all necessary filing and deadlines to ensure timely filings. Indication of repeat finding: This is not a repeat finding. View of responsible officials and corrective actions: The Board agrees with this finding. See corrective action plan item 2022- 004.
Finding 2022-004
2022-004 Data Collection Form Filing – Uniform Guidance Compliance Finding Criteria: The Board is required file a data collection form to the Federal Audit Clearinghouse within the earlier of 30 days after receipt of the auditor’s reports, or nine months after the end of the audit period. Condition/Context: The Board failed to file the data collection form for the period ending December 31, 2022 within the prescribed timeframe set forth by the Ofiice of Management and budget. Cause: Management failed to oversee the timely filing of the data collection form. Effect: The Board filed the data collection form after the required deadline, as such they cannot be considered a low risk auditee for the years ended December 31, 2023 and 2024. Recommendation: We recommend that the Board keeps track of all necessary filing and deadlines to ensure timely filings. Indication of repeat finding: This is not a repeat finding. View of responsible officials and corrective actions: The Board agrees with this finding. See corrective action plan item 2022- 004.