FAC Explorer

Audit 317100

FY End
2023-06-30
Total Expended
$1.15M
Findings
4
Programs
2
Organization: Chestnut Ridge Public Service District (WV)
Year: 2023 Accepted: 2024-08-13
Auditor: Tetrick & Bartlett PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
480991 2023-002 Material Weakness - P
480992 2023-002 Material Weakness - P
1057433 2023-002 Material Weakness - P
1057434 2023-002 Material Weakness - P

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $192,385 - 0
66.468 Capitalization Grants for Drinking Water State Revolving Funds $59,808 Yes 1

Contacts

Name Title Type
QY2NCEZBM1P5 Sharon Miller Auditee
3044574935 Mary Fleece Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditure reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and OMB Circular A-87, Cost Principles for State, Local, and Indian Tribe Governments, wherein certain types of expenditures are not allowable or are limited as reimbursement. De Minimis Rate Used: N Rate Explanation: Chestnut Ridge Public Service District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) included the federal award activities for Chestnut Ridge Public Service District under programs of the federal government for the year ended June 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 Principle, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Chestnut Ridge Public Service District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Chestnut Ridge Public Service District.
Title: Loans Outstanding Accounting Policies: Expenditure reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and OMB Circular A-87, Cost Principles for State, Local, and Indian Tribe Governments, wherein certain types of expenditures are not allowable or are limited as reimbursement. De Minimis Rate Used: N Rate Explanation: Chestnut Ridge Public Service District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance. The District had the following loan balances outstanding at June 30, 2023. Loans outstanding at the beginning of the year and loans made during the year are included as federal expenditures presented in this schedule. CapitaliztionGrants for Drinking Water State Revolving Funds AL # 66.468 Oustanding Amount $415,193.
Title: Pass-Through To Subrecipients Accounting Policies: Expenditure reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and OMB Circular A-87, Cost Principles for State, Local, and Indian Tribe Governments, wherein certain types of expenditures are not allowable or are limited as reimbursement. De Minimis Rate Used: N Rate Explanation: Chestnut Ridge Public Service District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance. There were no awards passed through to subrecipients.
Title: Assistance Listing (Catalog of Federal Domestic Assistance (CFDA) Accounting Policies: Expenditure reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and OMB Circular A-87, Cost Principles for State, Local, and Indian Tribe Governments, wherein certain types of expenditures are not allowable or are limited as reimbursement. De Minimis Rate Used: N Rate Explanation: Chestnut Ridge Public Service District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance. Assistance Listing (AL) has replaced the Catalog of Federal Domestic Assistance (CFDA) for identifying federal programs.

Finding Details

Finding 2023-002
Criteria: The District is required to file its single audit report and data collection from with the Federal Audit Clearinghouse not later than the earlier of nine months after the end of the fiscal year or 30 days after receipt of its single audit report. Condition: The District did not file its single audit report and data collection form for the year ended June 30, 2023 with the Federal Audit Clearinghouse within the required time frame. Cause: The District's financial audit for the year ended June 30, 2023 was not completed until June 21, 2024, which ultimately delayed the completion of the District's single audit for the year ended June 30, 2023. Effect: Failure to meet the filing requirements is a material weakness in internal control. Identification of Report Findings, if applicable: This condition was not reported in the prior yera's audit. Recommendation: Management should review the design of its system of internal control over financial reporting and implement corrective action to complete the audit of its financial statements on a timely basis. Additionally, the District should submit the data collection form as required. Views of Responsbile Officials and Planned Corrective Actions: Management's goal is to complete the annual audit on schedule and if required, submit the date collection form into the Federal Audit Clearinghouse.
Finding 2023-002
Criteria: The District is required to file its single audit report and data collection from with the Federal Audit Clearinghouse not later than the earlier of nine months after the end of the fiscal year or 30 days after receipt of its single audit report. Condition: The District did not file its single audit report and data collection form for the year ended June 30, 2023 with the Federal Audit Clearinghouse within the required time frame. Cause: The District's financial audit for the year ended June 30, 2023 was not completed until June 21, 2024, which ultimately delayed the completion of the District's single audit for the year ended June 30, 2023. Effect: Failure to meet the filing requirements is a material weakness in internal control. Identification of Report Findings, if applicable: This condition was not reported in the prior yera's audit. Recommendation: Management should review the design of its system of internal control over financial reporting and implement corrective action to complete the audit of its financial statements on a timely basis. Additionally, the District should submit the data collection form as required. Views of Responsbile Officials and Planned Corrective Actions: Management's goal is to complete the annual audit on schedule and if required, submit the date collection form into the Federal Audit Clearinghouse.
Finding 2023-002
Criteria: The District is required to file its single audit report and data collection from with the Federal Audit Clearinghouse not later than the earlier of nine months after the end of the fiscal year or 30 days after receipt of its single audit report. Condition: The District did not file its single audit report and data collection form for the year ended June 30, 2023 with the Federal Audit Clearinghouse within the required time frame. Cause: The District's financial audit for the year ended June 30, 2023 was not completed until June 21, 2024, which ultimately delayed the completion of the District's single audit for the year ended June 30, 2023. Effect: Failure to meet the filing requirements is a material weakness in internal control. Identification of Report Findings, if applicable: This condition was not reported in the prior yera's audit. Recommendation: Management should review the design of its system of internal control over financial reporting and implement corrective action to complete the audit of its financial statements on a timely basis. Additionally, the District should submit the data collection form as required. Views of Responsbile Officials and Planned Corrective Actions: Management's goal is to complete the annual audit on schedule and if required, submit the date collection form into the Federal Audit Clearinghouse.
Finding 2023-002
Criteria: The District is required to file its single audit report and data collection from with the Federal Audit Clearinghouse not later than the earlier of nine months after the end of the fiscal year or 30 days after receipt of its single audit report. Condition: The District did not file its single audit report and data collection form for the year ended June 30, 2023 with the Federal Audit Clearinghouse within the required time frame. Cause: The District's financial audit for the year ended June 30, 2023 was not completed until June 21, 2024, which ultimately delayed the completion of the District's single audit for the year ended June 30, 2023. Effect: Failure to meet the filing requirements is a material weakness in internal control. Identification of Report Findings, if applicable: This condition was not reported in the prior yera's audit. Recommendation: Management should review the design of its system of internal control over financial reporting and implement corrective action to complete the audit of its financial statements on a timely basis. Additionally, the District should submit the data collection form as required. Views of Responsbile Officials and Planned Corrective Actions: Management's goal is to complete the annual audit on schedule and if required, submit the date collection form into the Federal Audit Clearinghouse.