FAC Explorer

Audit 301783

FY End
2023-06-30
Total Expended
$2.50M
Findings
8
Programs
3
Organization: Town of Woodstock, Vermont (VT)
Year: 2023 Accepted: 2024-04-01
Auditor: Mudgett Jennett & Krogh-Wisner PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
391179 2023-003 Material Weakness - L
391180 2023-003 Material Weakness - L
391181 2023-002 - - L
391182 2023-002 - - L
967621 2023-003 Material Weakness - L
967622 2023-003 Material Weakness - L
967623 2023-002 - - L
967624 2023-002 - - L

Programs

ALN Program Spent Major Findings
66.458 Capitalization Grants for Clean Water State Revolving Funds $1.79M Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $497,974 - 1
20.224 Federal Lands Access Program $153,408 - 1

Contacts

Name Title Type
K1ZNLAKRJVK7 Robert, Densmore Auditee
8024573456 John H Mudgett, CPA Auditor
No contacts on file

Notes to SEFA

Title: Subrecipients Accounting Policies: Expenditures reported on the Schedule are reported on the accrual 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 expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The Town has elected to use the 10 percent de minimis indirect cost rate as allowed in the Uniform Guidance. The Town provided federal awards totaling $92,500 under CFDA No. 20.224 Federal Lands Access Program to the Windsor Central Unified Union School District during the year ended June 30, 2023.

Finding Details

Finding 2023-003
Condition - The Town Schedule of Expenditures of Federal Awards presented for audit excluded the Federal Lands Access Program expenditures totaling $153,408 as well as the Coronavirus State and Local Fiscal Recovery Funds totaling $497,974. The Schedule of Expenditures of Federal Awards has been corrected to account for these programs that were excluded. Criteria - Uniform Guidance §200.510 states that an auditee must “prepare a schedule of expenditures of Federal awards for the period covered by the auditee’s financial statements which must include the total Federal awards expended”. Cause - When preparing the Schedule of Expenditures of Federal Awards Town management overlooked these federal awards. Effect - The Town’s Schedule of Expenditures of Federal Awards excluded these two federal programs with a combined total of $651,382. Recommendation - We recommend that the Town closely review the grant agreements it has in place and verify that all federal programs with expenditures for the given fiscal year are included on the Schedule of Expenditures of Federal Awards.
Finding 2023-003
Condition - The Town Schedule of Expenditures of Federal Awards presented for audit excluded the Federal Lands Access Program expenditures totaling $153,408 as well as the Coronavirus State and Local Fiscal Recovery Funds totaling $497,974. The Schedule of Expenditures of Federal Awards has been corrected to account for these programs that were excluded. Criteria - Uniform Guidance §200.510 states that an auditee must “prepare a schedule of expenditures of Federal awards for the period covered by the auditee’s financial statements which must include the total Federal awards expended”. Cause - When preparing the Schedule of Expenditures of Federal Awards Town management overlooked these federal awards. Effect - The Town’s Schedule of Expenditures of Federal Awards excluded these two federal programs with a combined total of $651,382. Recommendation - We recommend that the Town closely review the grant agreements it has in place and verify that all federal programs with expenditures for the given fiscal year are included on the Schedule of Expenditures of Federal Awards.
Finding 2023-002
Condition - The Town Schedule of Expenditures of Federal Awards presented for audit for the year ended June 30, 2023 listed total expenditures under this program of $2,978,816 which includes nonfederal expenditures totaling $1,129,712. The Schedule of Expenditures of Federal Awards has been corrected to account for this error. Criteria - Uniform Guidance §200.510 states that an auditee must “prepare a schedule of expenditures of Federal awards for the periered by the auditee’s financial statements which must include the total Federal awards expended”. Cause - When preparing the Schedule of Expenditures of Federal Awards the Town did not account for and exclude certain non federal expenditures. Effect - The Town’s Schedule of Expenditures of Federal Awards presented for audit was overstated by $1,129,712. Recommendation - We recommend that the Town closely review the grant agreements for each grant listed on its Schedule of Expenditures of Federal Awards and verify that only federally funded expenditures are included on the Schedule of Expenditures of Federal Awards.
Finding 2023-002
Condition - The Town Schedule of Expenditures of Federal Awards presented for audit for the year ended June 30, 2023 listed total expenditures under this program of $2,978,816 which includes nonfederal expenditures totaling $1,129,712. The Schedule of Expenditures of Federal Awards has been corrected to account for this error. Criteria - Uniform Guidance §200.510 states that an auditee must “prepare a schedule of expenditures of Federal awards for the periered by the auditee’s financial statements which must include the total Federal awards expended”. Cause - When preparing the Schedule of Expenditures of Federal Awards the Town did not account for and exclude certain non federal expenditures. Effect - The Town’s Schedule of Expenditures of Federal Awards presented for audit was overstated by $1,129,712. Recommendation - We recommend that the Town closely review the grant agreements for each grant listed on its Schedule of Expenditures of Federal Awards and verify that only federally funded expenditures are included on the Schedule of Expenditures of Federal Awards.
Finding 2023-003
Condition - The Town Schedule of Expenditures of Federal Awards presented for audit excluded the Federal Lands Access Program expenditures totaling $153,408 as well as the Coronavirus State and Local Fiscal Recovery Funds totaling $497,974. The Schedule of Expenditures of Federal Awards has been corrected to account for these programs that were excluded. Criteria - Uniform Guidance §200.510 states that an auditee must “prepare a schedule of expenditures of Federal awards for the period covered by the auditee’s financial statements which must include the total Federal awards expended”. Cause - When preparing the Schedule of Expenditures of Federal Awards Town management overlooked these federal awards. Effect - The Town’s Schedule of Expenditures of Federal Awards excluded these two federal programs with a combined total of $651,382. Recommendation - We recommend that the Town closely review the grant agreements it has in place and verify that all federal programs with expenditures for the given fiscal year are included on the Schedule of Expenditures of Federal Awards.
Finding 2023-003
Condition - The Town Schedule of Expenditures of Federal Awards presented for audit excluded the Federal Lands Access Program expenditures totaling $153,408 as well as the Coronavirus State and Local Fiscal Recovery Funds totaling $497,974. The Schedule of Expenditures of Federal Awards has been corrected to account for these programs that were excluded. Criteria - Uniform Guidance §200.510 states that an auditee must “prepare a schedule of expenditures of Federal awards for the period covered by the auditee’s financial statements which must include the total Federal awards expended”. Cause - When preparing the Schedule of Expenditures of Federal Awards Town management overlooked these federal awards. Effect - The Town’s Schedule of Expenditures of Federal Awards excluded these two federal programs with a combined total of $651,382. Recommendation - We recommend that the Town closely review the grant agreements it has in place and verify that all federal programs with expenditures for the given fiscal year are included on the Schedule of Expenditures of Federal Awards.
Finding 2023-002
Condition - The Town Schedule of Expenditures of Federal Awards presented for audit for the year ended June 30, 2023 listed total expenditures under this program of $2,978,816 which includes nonfederal expenditures totaling $1,129,712. The Schedule of Expenditures of Federal Awards has been corrected to account for this error. Criteria - Uniform Guidance §200.510 states that an auditee must “prepare a schedule of expenditures of Federal awards for the periered by the auditee’s financial statements which must include the total Federal awards expended”. Cause - When preparing the Schedule of Expenditures of Federal Awards the Town did not account for and exclude certain non federal expenditures. Effect - The Town’s Schedule of Expenditures of Federal Awards presented for audit was overstated by $1,129,712. Recommendation - We recommend that the Town closely review the grant agreements for each grant listed on its Schedule of Expenditures of Federal Awards and verify that only federally funded expenditures are included on the Schedule of Expenditures of Federal Awards.
Finding 2023-002
Condition - The Town Schedule of Expenditures of Federal Awards presented for audit for the year ended June 30, 2023 listed total expenditures under this program of $2,978,816 which includes nonfederal expenditures totaling $1,129,712. The Schedule of Expenditures of Federal Awards has been corrected to account for this error. Criteria - Uniform Guidance §200.510 states that an auditee must “prepare a schedule of expenditures of Federal awards for the periered by the auditee’s financial statements which must include the total Federal awards expended”. Cause - When preparing the Schedule of Expenditures of Federal Awards the Town did not account for and exclude certain non federal expenditures. Effect - The Town’s Schedule of Expenditures of Federal Awards presented for audit was overstated by $1,129,712. Recommendation - We recommend that the Town closely review the grant agreements for each grant listed on its Schedule of Expenditures of Federal Awards and verify that only federally funded expenditures are included on the Schedule of Expenditures of Federal Awards.