FAC Explorer

Audit 302810

FY End
2022-12-31
Total Expended
$4.12M
Findings
2
Programs
6
Organization: City of Oswego (NY)
Year: 2022 Accepted: 2024-04-08
Auditor: Insero & CO Cpa's LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
392484 2022-001 - - L
968926 2022-001 - - L

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $2.92M Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $708,078 - 0
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $380,061 - 0
14.896 Family Self-Sufficiency Program $54,000 - 0
97.044 Assistance to Firefighters Grant $52,325 - 0
16.607 Bulletproof Vest Partnership Program $3,129 - 0

Contacts

Name Title Type
NN5FAKV47EK6 Deborah Coad Auditee
3153428107 Duane Shoen Auditor
No contacts on file

Notes to SEFA

Title: Expenditures of Federal Revenue Accounting Policies: Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by the City, an entity as defined in Note 1 to the City’s basic financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the Schedule of Expenditures of Federal Awards. Basis of Accounting The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable program and periods. The amounts reported in these federal financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger which is the source of the basic financial statements. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The city did not elect to use the 10% de minimus indirect cost rate. The City operates a revolving loan program utilizing federal financial assistance received under prior Community Development Block Grants (CDBG) and current Rural Business Enterprise Grants (RBEG). Loans outstanding at December 31, 2022 under these programs, as reported in the City's basic financial statements, are as follows: "See the Notes to the SEFA for chart/table." The City disbursed new loans in the amount of $185,000 from Community Development Block Grant program income and $-0- from the Rural Business Enterprise Grant program income. The City received program income from the repayment of loan principal in the amount of $367,444 during the year.

Finding Details

Finding 2022-001
Issue: Noncompliance with Uniform Guidance Late Filing of Single Audit Reporting Package Federal Agency: Not applicable. Federal Program: Not applicable. Assistance Listing Number: Not applicable. Pass-Through Agency: Not applicable. Criteria: Under the Single Audit Act of 1996 and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), §200.512, Report Submission, the Single audit reporting package is required to be filed within the earlier of 30 calendar days after receipt of the auditors' report, or 9 months after the end of the audit period. Condition: This deadline was not met on a timely basis for the year ended December 31, 2021. Cause: Numerous audit adjustments to the Community Development Special Grant Fund were required, causing a delay in financial reporting. Effect or Potential Effect: The City was not in compliance with §200.512 of the Uniform Guidance. Questioned Costs: None. Context: The 2021 Single Audit reporting package was filed on October 11, 2022, 11 days after the required filing date. Recommendation: We recommend the requirements of §200.512 of the Uniform guidance be adhered to by striving to have all information required for the audit available on a timely basis. This will help to ensure timely audit report issuance and compliance with the filing deadline. Views of Responsible Officials of the Auditee: Management agrees with this finding. There has been significant turnover in key positions of the Community Development Department. It is the City's goal to provide all information required for future audits on a timely basis in order to complete financial statements for submission deadlines outlined in Uniform Guidance, §200.512.
Finding 2022-001
Issue: Noncompliance with Uniform Guidance Late Filing of Single Audit Reporting Package Federal Agency: Not applicable. Federal Program: Not applicable. Assistance Listing Number: Not applicable. Pass-Through Agency: Not applicable. Criteria: Under the Single Audit Act of 1996 and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), §200.512, Report Submission, the Single audit reporting package is required to be filed within the earlier of 30 calendar days after receipt of the auditors' report, or 9 months after the end of the audit period. Condition: This deadline was not met on a timely basis for the year ended December 31, 2021. Cause: Numerous audit adjustments to the Community Development Special Grant Fund were required, causing a delay in financial reporting. Effect or Potential Effect: The City was not in compliance with §200.512 of the Uniform Guidance. Questioned Costs: None. Context: The 2021 Single Audit reporting package was filed on October 11, 2022, 11 days after the required filing date. Recommendation: We recommend the requirements of §200.512 of the Uniform guidance be adhered to by striving to have all information required for the audit available on a timely basis. This will help to ensure timely audit report issuance and compliance with the filing deadline. Views of Responsible Officials of the Auditee: Management agrees with this finding. There has been significant turnover in key positions of the Community Development Department. It is the City's goal to provide all information required for future audits on a timely basis in order to complete financial statements for submission deadlines outlined in Uniform Guidance, §200.512.