FAC Explorer

Audit 322369

FY End
2023-12-31
Total Expended
$884,375
Findings
2
Programs
4
Organization: Town of Litchfield (NH)
Year: 2023 Accepted: 2024-09-30
Auditor: Marcum LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
499510 2023-001 - - ABCEFGHIJLMNP
1075952 2023-001 - - ABCEFGHIJLMNP

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $874,152 Yes 1
66.458 Capitalization Grants for Clean Water State Revolving Funds $4,463 - 0
14.218 Community Development Block Grants/entitlement Grants $2,921 - 0
97.067 Homeland Security Grant Program $2,839 - 0

Contacts

Name Title Type
KKGHBCWKKA93 Karen White Auditee
6034244046 Laurie Garland 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 contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. De Minimis Rate Used: N Rate Explanation: The Town has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Town of Litchfield, New Hampshire (the Town) under programs of the federal government for the year ended December 31, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Town, it is not intended to and does not present the financial position, changes in net position of the Town.

Finding Details

Finding 2023-001
2023-001 Document Policies and Procedures over Federal Awards Federal Program(s) Information Cluster/Program: All Federal Programs Award Year: 2023 Type of Finding Compliance Criteria or Specific Requirement OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UG) established significant requirements related to federal awards. The require-ments stipulate that federal award recipients must document their policies and procedures over certain aspects of financial program management. Specifically, written policies are required for the following: • Cash management • Determination of allowable costs • Employee travel • Procurement • Conflicts of interest • Subrecipient monitoring and management Condition and Context The Town has not formalized written policies and procedures related to federal awards as required under Uniform Guidance. Cause The Town has not developed written formal documentation of internal controls. Effect or Potential Effect There is a lack of formal documentation of internal controls as required by the Uniform Guidance. Recommendation The Town should ensure that written policies and procedures are compiled and adopted as soon as practicable to ensure compliance with Uniform Guidance. Views of Responsible Official See Corrective Action Plan.
Finding 2023-001
2023-001 Document Policies and Procedures over Federal Awards Federal Program(s) Information Cluster/Program: All Federal Programs Award Year: 2023 Type of Finding Compliance Criteria or Specific Requirement OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UG) established significant requirements related to federal awards. The require-ments stipulate that federal award recipients must document their policies and procedures over certain aspects of financial program management. Specifically, written policies are required for the following: • Cash management • Determination of allowable costs • Employee travel • Procurement • Conflicts of interest • Subrecipient monitoring and management Condition and Context The Town has not formalized written policies and procedures related to federal awards as required under Uniform Guidance. Cause The Town has not developed written formal documentation of internal controls. Effect or Potential Effect There is a lack of formal documentation of internal controls as required by the Uniform Guidance. Recommendation The Town should ensure that written policies and procedures are compiled and adopted as soon as practicable to ensure compliance with Uniform Guidance. Views of Responsible Official See Corrective Action Plan.