FAC Explorer

Audit 307969

FY End
2023-09-30
Total Expended
$1.18M
Findings
12
Programs
3
Organization: Guam Power Authority (GU)
Year: 2023 Accepted: 2024-06-03
Auditor: Ernst & Young LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
399863 2023-001 Material Weakness Yes L
399864 2023-001 Material Weakness Yes L
399865 2023-001 Material Weakness Yes L
399866 2023-001 Material Weakness Yes L
399867 2023-001 Material Weakness Yes L
399868 2023-001 Material Weakness Yes L
976305 2023-001 Material Weakness Yes L
976306 2023-001 Material Weakness Yes L
976307 2023-001 Material Weakness Yes L
976308 2023-001 Material Weakness Yes L
976309 2023-001 Material Weakness Yes L
976310 2023-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $137,025 - 0
15.875 Economic, Social, and Political Development of the Territories $23,179 Yes 1
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $11,823 - 0

Contacts

Name Title Type
U75VDGX6Z6L9 John J.e. Kim Auditee
6716483120 Wei-Li Tung Auditor
No contacts on file

Notes to SEFA

Title: 1. Scope of Audit Accounting Policies: 3. Summary of Significant Accounting Policies a. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting, consistent with the manner in which GPA maintains its accounting records. All expenses and capital outlays are reported as expenditures. 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. Pass-through entity identifying numbers are presented where available. GPA does not elect to use the de- minimis indirect cost rate allowed under the Uniform Guidance. GPA recognizes contributions from the federal government when qualifying expenditures are incurred. b. Matching Costs The 25 percent non-federal share of ALN 97.036 is not included in the accompanying Schedule of Expenditures of Federal Awards. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de-minimis cost rate. Guam Power Authority (GPA) is a component unit of the Government of Guam, a governmental entity established by the 1950 Organic Act of Guam, as amended, and has the powers of a body corporate, as defined in the act and local statutes. Only the transactions of GPA are included within the scope of the Single Audit.
Title: 2. Basis of Presentation Accounting Policies: 3. Summary of Significant Accounting Policies a. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting, consistent with the manner in which GPA maintains its accounting records. All expenses and capital outlays are reported as expenditures. 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. Pass-through entity identifying numbers are presented where available. GPA does not elect to use the de- minimis indirect cost rate allowed under the Uniform Guidance. GPA recognizes contributions from the federal government when qualifying expenditures are incurred. b. Matching Costs The 25 percent non-federal share of ALN 97.036 is not included in the accompanying Schedule of Expenditures of Federal Awards. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de-minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of GPA under programs of the federal government for the year ended September 30, 2023. The information in this Schedule 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 GPA, it is not intended to and does not present the net position, changes in net position, or cash flows of GPA.
Title: 4. ALN 97.036 Accounting Policies: 3. Summary of Significant Accounting Policies a. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting, consistent with the manner in which GPA maintains its accounting records. All expenses and capital outlays are reported as expenditures. 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. Pass-through entity identifying numbers are presented where available. GPA does not elect to use the de- minimis indirect cost rate allowed under the Uniform Guidance. GPA recognizes contributions from the federal government when qualifying expenditures are incurred. b. Matching Costs The 25 percent non-federal share of ALN 97.036 is not included in the accompanying Schedule of Expenditures of Federal Awards. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de-minimis cost rate. $198,119 was incurred in FY 2021 and $11,823 was incurred in FY 2023.

Finding Details

Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.
Finding 2023-001
Finding No.: 2023-001 Federal Agency: U.S. Department of the Interior AL Program: 15.875 Economic, Social, and Political Development of the Territories Area: Reporting Questioned Costs: $0 Criteria: In accordance with applicable reporting requirements, an SF-425 Federal Financial Report must be submitted semi-annually, and reported amounts should be accurate. Condition: 1. For two (or 40%) of five reports tested, we noted no submission of SF-425 reports for the semi-annual reporting period ended 12/31/2022 for Grant No. D19AP00168 and 06/30/2023 for Grant No. D19AP00170. 2. For three (or 60%) of five reports tested, reported amounts differ from underlying accounting records (GL) for semi-annual reporting periods, as follows: "See Schedule of Findings and Questioned Costs for chart/table" Cause: GPA did not enforce monitoring controls over compliance with applicable reporting requirements. Effect: GPA is in noncompliance with applicable reporting requirements. No questioned costs are reported because the inaccuracies did not impact Federal draws. Identification as a Repeat Finding: 2022-001 Recommendation: GPA should enforce monitoring controls over compliance with applicable reporting requirements. Responsible program personnel and finance personnel should review reported amounts for accuracy prior to submission. Views of responsible officials: GPA personnel responsible for managing federal grant programs and reporting to the grantor agencies will be trained on the preparation of standard forms required for each grant. Personnel will also be notified and encouraged to attend grants management trainings. The Finance Division has started to provide monthly expense reports to personnel on their respective grants. An additional layer of review by the Controller, Assistant Chief Financial Officer or the Chief Financial Officer will be added to ensure that the financial data being reported is accurate before these documents can be filed.