Audit 309706

FY End
2022-06-30
Total Expended
$4.85M
Findings
16
Programs
11
Organization: City of East Point, Georgia (GA)
Year: 2022 Accepted: 2024-06-24
Auditor: Tabb & Tabb LLC

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
401802 2022-007 Material Weakness Yes L
401803 2022-006 Material Weakness - F
401804 2022-007 Material Weakness Yes L
401805 2022-007 Material Weakness Yes L
401806 2022-007 Material Weakness Yes L
401807 2022-007 Material Weakness Yes L
401808 2022-007 Material Weakness Yes L
401809 2022-007 Material Weakness Yes L
978244 2022-007 Material Weakness Yes L
978245 2022-006 Material Weakness - F
978246 2022-007 Material Weakness Yes L
978247 2022-007 Material Weakness Yes L
978248 2022-007 Material Weakness Yes L
978249 2022-007 Material Weakness Yes L
978250 2022-007 Material Weakness Yes L
978251 2022-007 Material Weakness Yes L

Contacts

Name Title Type
NYACGEBAXVV1 Shannon Golden Auditee
4046694309 Elizabeth Wells Auditor
No contacts on file

Notes to SEFA

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Basis of Presentation and Accounting, Reconciliation to Financial Statements, and Indirect Cost Rates De Minimis Rate Used: N Rate Explanation: The City's management has not elected to use the 10% minim is indirect cost rate allowed under the Uniform Guidance, Section 200.414. Basis of Presentation and Accounting: The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principals and Audit Requirements for Federal Awards (Uniform Guidance). Federal grant programs that are administered through State agencies (pass-through awards) have been included in the accompanying Schedule of Expenditures of Federal Awards. These programs are operated according to federal regulations promulgated by the originating federal agency providing the funding.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Basis of Presentation and Accounting, Reconciliation to Financial Statements, and Indirect Cost Rates De Minimis Rate Used: N Rate Explanation: The City's management has not elected to use the 10% minim is indirect cost rate allowed under the Uniform Guidance, Section 200.414. See the notes to the SEFA for Table
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Basis of Presentation and Accounting, Reconciliation to Financial Statements, and Indirect Cost Rates De Minimis Rate Used: N Rate Explanation: The City's management has not elected to use the 10% minim is indirect cost rate allowed under the Uniform Guidance, Section 200.414. Indirect Cost Rates: The City's management has not elected to use the 10% minim is indirect cost rate allowed under the Uniform Guidance, Section 200.414.

Finding Details

Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding No. 2022-06 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Justice Equitable Sharing Program - ALN 16.922 Equipment and Real Property Management Statement of Condition: Three vehicles purchased with equitable sharing funds were not recorded on an inventory control log. Criteria: The 0MB Uniform Guidance and Guide To Equitable Sharing For State, Local, and Tribal Law Enforcement Agencies ("the Guide") specifies that property purchased with equitable sharing funds is subject to inventory control, log maintenance, and disposal requirements. The Guide specifies that participating state and local law enforcement agencies must implement standard accounting procedures and internal controls consistent with the guidelines noted in Section VI to track equitably shared funds and tangible property. Property purchased with the Department of Justice equitable sharing funds must be tracked and maintained separately. Cause of Condition: Inventory controls requiring the maintenance of an equipment log to track and record equipment purchased with equitable sharing funds separately have not been established. Effect of Condition: Management lacks a systemic process to ensure that equipment records adequately indicate purchase, disposition, and location of equipment purchased with federal funds. Recommendation: We recommend the City enhance its policies and procedures to ensure that adequate controls are in place to establish compliance with inventory control, log maintenance, and disposal requirements for equipment purchased with federal funds. Management's Response: The City concurs with the finding. The City will continue to recognize assets purchased with restricted funds in the capital asset module of the ERP system. The City will work with its various Departments to ensure that their respective inventory listings accurately document the source of funds used to obtain assets. This process will include log maintenance reviews, adherence to disposal requirements, and overall enhanced controls within each Department with relating assets. Additionally, the City plans to implement the use of asset tags to further recognize and distinguish assets obtained with Federal or other restricted funds.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding No. 2022-06 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Justice Equitable Sharing Program - ALN 16.922 Equipment and Real Property Management Statement of Condition: Three vehicles purchased with equitable sharing funds were not recorded on an inventory control log. Criteria: The 0MB Uniform Guidance and Guide To Equitable Sharing For State, Local, and Tribal Law Enforcement Agencies ("the Guide") specifies that property purchased with equitable sharing funds is subject to inventory control, log maintenance, and disposal requirements. The Guide specifies that participating state and local law enforcement agencies must implement standard accounting procedures and internal controls consistent with the guidelines noted in Section VI to track equitably shared funds and tangible property. Property purchased with the Department of Justice equitable sharing funds must be tracked and maintained separately. Cause of Condition: Inventory controls requiring the maintenance of an equipment log to track and record equipment purchased with equitable sharing funds separately have not been established. Effect of Condition: Management lacks a systemic process to ensure that equipment records adequately indicate purchase, disposition, and location of equipment purchased with federal funds. Recommendation: We recommend the City enhance its policies and procedures to ensure that adequate controls are in place to establish compliance with inventory control, log maintenance, and disposal requirements for equipment purchased with federal funds. Management's Response: The City concurs with the finding. The City will continue to recognize assets purchased with restricted funds in the capital asset module of the ERP system. The City will work with its various Departments to ensure that their respective inventory listings accurately document the source of funds used to obtain assets. This process will include log maintenance reviews, adherence to disposal requirements, and overall enhanced controls within each Department with relating assets. Additionally, the City plans to implement the use of asset tags to further recognize and distinguish assets obtained with Federal or other restricted funds.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.
Finding - Item 2022-07 Major Federal Award Program Audit Reporting under Government Auditing Standards U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds - ALN 21.027 U.S. Department of Housing & Urban Development Community Development Block Grants - ALN 14.218 U.S. Department of Justice Equitable Sharing Program -ALN 16.922 Annual Audit Statement of Condition: The required annual audit of the financial statements for the year ended June 30, 2022 was not completed and submitted to the federal and state governments within the time frames required by Federal Regulations and the State of Georgia. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance) require that grant recipients that expend $750,000 or more in federal awards in a fiscal year have a single audit conducted in accordance with 45 CFR Part 75, Subpart F and submit the related audit reports electronically to the Federal Audit Clearinghouse within the specified time frame. The Official Code of Georgia, Annotated §36-81-7 requires an annual audit of the financial affairs, transactions of all funds and activities of the local government for each fiscal year of the local government. The audit report must contain financial statements prepared in conformity with generally accepted governmental accounting principles. The annual audit report of the local government shall be completed and a copy forwarded to the state auditor within 180 days after the close of the local government's fiscal year end. Cause of Condition: During the year in question, the City experienced disruption in normal business operations due to the COVID-19 pandemic and employee turnover in the Finance Department. Regular meetings and communications were limited. During this time, the City did not have an assigned coordinator to insure that the audit contract was awarded, completed and submitted timely. Effect of Condition: The City is not in compliance with federal and state reporting requirements. Recommendation: We recommend that all financial reporting and submission requirements and deadlines required by federal and state regulation be adhered to for future periods. Management's Response: The City concurs with the finding. During the audit year in question, the City experienced a significant turnover in multiple key financial positions. The significant turnover severely hampered the City's ability to compile and complete the financial reports and submissions by the required federal and state deadlines. The City recently completed its audits of the financial statements and federal awards for the fiscal year ended June 30, 2022. While there are still key financial positions with vacancies, the City is confident that future reports will be submitted in a timely manner. The City has engaged a public accounting firm and plans to begin its audit for the fiscal year ended June 30, 2023, presently.