FAC Explorer

Audit 320027

FY End
2023-12-31
Total Expended
$1.58M
Findings
2
Programs
6
Organization: City of West Chicago (IL)
Year: 2023 Accepted: 2024-09-19
Auditor: Lauterbach & Amen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
497332 2023-001 Material Weakness - AB
1073774 2023-001 Material Weakness - AB

Programs

ALN Program Spent Major Findings
14.218 Community Development Block Grants/entitlement Grants $600,000 Yes 0
16.922 Equitable Sharing Program $294,758 - 0
16.738 Edward Byrne Memorial Justice Assistance Grant Program $32,098 - 0
10.675 Urban and Community Forestry Program $25,000 - 0
16.607 Bulletproof Vest Partnership Program $14,529 - 0
20.600 State and Community Highway Safety $9,062 - 0

Contacts

Name Title Type
LQLNCLHFMNJ4 Nikki Giles Auditee
6302932200 Don Shaw Auditor
No contacts on file

Notes to SEFA

Title: NOTE 4 – SUBRECIPIENT RELATIONSHIPS Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the City under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass-Through Entities Pass-through entity identifying numbers are presented on the Schedule where available. De Minimis Rate Used: Y Rate Explanation: The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414. The City did not remit any funds to subrecipients.

Finding Details

Finding 2023-001
Condition: During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct liability insurance improperly recorded in prior years. Criteria: A good system of internal controls would provide for accurate recording and reporting of liability insurance expenses on a regular basis in order to provide for accurate financial reporting. Cause: Year-end entries related to liability insurance were required in order to accurately present the City’s financial statements. Effect: A material adjustment to the City’s beginning fund balance was required to properly state liability insurance. Recommendation: We recommend the City implement effective internal controls in order to provide an accurate assessment of reporting requirements. This implementation of improved controls would result in the appropriate recognition for financial reporting requirements. Corrective Action Plan: The City and finance director will implement internal controls to properly record liability insurance expenses, payables, and prepaid expenses on a timely basis prior to audit fieldwork.
Finding 2023-001
Condition: During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct liability insurance improperly recorded in prior years. Criteria: A good system of internal controls would provide for accurate recording and reporting of liability insurance expenses on a regular basis in order to provide for accurate financial reporting. Cause: Year-end entries related to liability insurance were required in order to accurately present the City’s financial statements. Effect: A material adjustment to the City’s beginning fund balance was required to properly state liability insurance. Recommendation: We recommend the City implement effective internal controls in order to provide an accurate assessment of reporting requirements. This implementation of improved controls would result in the appropriate recognition for financial reporting requirements. Corrective Action Plan: The City and finance director will implement internal controls to properly record liability insurance expenses, payables, and prepaid expenses on a timely basis prior to audit fieldwork.