FAC Explorer

Audit 315866

FY End
2023-12-31
Total Expended
$1.50M
Findings
8
Programs
2
Organization: City of Elizabeth (MN)
Year: 2023 Accepted: 2024-07-24
Auditor: Carlsonsv LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
479359 2023-001 Significant Deficiency Yes P
479360 2023-002 Significant Deficiency Yes P
479361 2023-001 Significant Deficiency - P
479362 2023-002 Significant Deficiency - P
1055801 2023-001 Significant Deficiency Yes P
1055802 2023-002 Significant Deficiency Yes P
1055803 2023-001 Significant Deficiency - P
1055804 2023-002 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
10.760 Water and Waste Disposal Systems for Rural Communities $1.49M Yes 2
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $5,647 - 2

Contacts

Name Title Type
FRMLDGN2FWJ2 Angela Peterson Auditee
2187799236 Dean Birkeland Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 – BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles of 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. De Minimis Rate Used: N Rate Explanation: The City has elected not to use the 10% de minimus indirect cost rate allowed under Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal grant activity of City of Elizabeth for the year ended December 31, 2023. The reporting entity is defined in Note 1 to the City’s basic financial statements. 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. Because the schedule presents only a selected portion of the operations, it is not intended to and does not present the net position, changes in net position, or cash flows of the City of Elizabeth.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles of 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. De Minimis Rate Used: N Rate Explanation: The City has elected not to use the 10% de minimus indirect cost rate allowed under Uniform Guidance. Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles of 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.
Title: NOTE 3 – INDIRECT COST RATE Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles of 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. De Minimis Rate Used: N Rate Explanation: The City has elected not to use the 10% de minimus indirect cost rate allowed under Uniform Guidance. The City has elected not to use the 10% de minimus indirect cost rate allowed under Uniform Guidance.

Finding Details

Finding 2023-001
3.       Using the knowledge of management and the Council to review accounting records and reports.
Finding 2023-002
Management’s Response and Actions Planned: The City’s management is aware of this significant deficiency. Management reviews and approves the draft annual audited financial statements and distributes them to users. For entities of this size, it generally is not practical to obtain the internal expertise needed to handle all aspects of the external financial reporting. Management recognizes this and feels it is effectively handling its reporting responsibilities with the procedures described above.
Finding 2023-001
3.       Using the knowledge of management and the Council to review accounting records and reports.
Finding 2023-002
Management’s Response and Actions Planned: The City’s management is aware of this significant deficiency. Management reviews and approves the draft annual audited financial statements and distributes them to users. For entities of this size, it generally is not practical to obtain the internal expertise needed to handle all aspects of the external financial reporting. Management recognizes this and feels it is effectively handling its reporting responsibilities with the procedures described above.
Finding 2023-001
3.       Using the knowledge of management and the Council to review accounting records and reports.
Finding 2023-002
Management’s Response and Actions Planned: The City’s management is aware of this significant deficiency. Management reviews and approves the draft annual audited financial statements and distributes them to users. For entities of this size, it generally is not practical to obtain the internal expertise needed to handle all aspects of the external financial reporting. Management recognizes this and feels it is effectively handling its reporting responsibilities with the procedures described above.
Finding 2023-001
3.       Using the knowledge of management and the Council to review accounting records and reports.
Finding 2023-002
Management’s Response and Actions Planned: The City’s management is aware of this significant deficiency. Management reviews and approves the draft annual audited financial statements and distributes them to users. For entities of this size, it generally is not practical to obtain the internal expertise needed to handle all aspects of the external financial reporting. Management recognizes this and feels it is effectively handling its reporting responsibilities with the procedures described above.