FAC Explorer

Audit 316519

FY End
2023-09-30
Total Expended
$2.03M
Findings
2
Programs
1
Organization: City of Valley, Nebraska (NE)
Year: 2023 Accepted: 2024-08-02
Auditor: Bland and Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
480307 2023-001 Significant Deficiency - I
1056749 2023-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
66.468 Capitalization Grants for Drinking Water State Revolving Funds $2.03M Yes 1

Contacts

Name Title Type
H3KWHSLEZAC5 Lori Sorensen Auditee
4023592251 Nicolas Eker Auditor
No contacts on file

Notes to SEFA

Title: NOTE A - BASIS OF PRESENTATION Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Valley, Nebraska and is presented on the accrual basis of accounting. 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. De Minimis Rate Used: N Rate Explanation: The entity has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Valley, Nebraska and is presented on the accrual basis of accounting. 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. The entity has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE B – TYPE A PROGRAM THRESHOLD Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Valley, Nebraska and is presented on the accrual basis of accounting. 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. De Minimis Rate Used: N Rate Explanation: The entity has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The threshold of Type A and Type B programs was $750,000 for the year ended September 30, 2023.
Title: NOTE C – MAJOR PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Valley, Nebraska and is presented on the accrual basis of accounting. 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. De Minimis Rate Used: N Rate Explanation: The entity has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. CFDA Number Program Name 66.468 Safe Drinking Water State Revolving Funds

Finding Details

Finding 2023-001
Criteria: Per the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost of Principles, and Audit Requirements for Federal Awards, the city must implement and follow policies and procedures relating to the procurement and suspension and debarment standards. Condition: During our audit testing, the City was unable to provide supporting documentation for one of the three contractors tested to ensure the proper procurement standards were followed in accordance with Uniform Guidance. Cause: The City did not have adequate internal controls to ensure documentation was maintained relating to their procurement standards. Effect: Non-compliance could affect funding in future years. Recommendation: We recommend the City follow it’s established internal procurement policies and procedures. Organization Response: Management agrees with this finding.
Finding 2023-001
Criteria: Per the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost of Principles, and Audit Requirements for Federal Awards, the city must implement and follow policies and procedures relating to the procurement and suspension and debarment standards. Condition: During our audit testing, the City was unable to provide supporting documentation for one of the three contractors tested to ensure the proper procurement standards were followed in accordance with Uniform Guidance. Cause: The City did not have adequate internal controls to ensure documentation was maintained relating to their procurement standards. Effect: Non-compliance could affect funding in future years. Recommendation: We recommend the City follow it’s established internal procurement policies and procedures. Organization Response: Management agrees with this finding.