FAC Explorer

Audit 326632

FY End
2023-06-30
Total Expended
$2.43M
Findings
2
Programs
1
Organization: City of Belgrade (MT)
Year: 2023 Accepted: 2024-10-30
Auditor: Denning Downey and Associates Cpa's

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
504181 2023-010 Material Weakness Yes L
1080623 2023-010 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.43M Yes 1

Contacts

Name Title Type
XT6RD1FEGLX5 Charity Vankirk Auditee
4063883760 Robert Denning Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Basis of Presentation and Significant Accounting Policies The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of City of Belgrade, Gallatin County, Montana. The information in this schedule is presented in accordance with the requirements 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 of the City of Belgrade, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City of Belgrade. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of the basic financial statements. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, whe ein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The City of Belgrade has elected not to use the 10 percent de Mini is indirect cost rate as provided in Sec. 200.414 Indirect Costs under Uniform Guidance.

Finding Details

Finding 2023-010
2023-010 Annual Financial Report and Audit (Repeated 2021-02, 2022-06) CFDA Title: Coronavirus State and Local Fiscal Recovery Funds CFDA Number: 21.027 Federal Award Number and Year: N/A Name of Federal Agency: N/A Name of Pass- Through Entity: Direct, Department of the Treasury Condition: The City did not complete and submit its annual financial report (AFR) within 6 months of the end of the reporting period. The city did not submit its audit report within 12 months of the end of the audit period. The city did not submit the annual budget timely. Criteria: In accordance with MCA 7-6-611(2)(a), an AFR must be completed and filed with the Montana Department of Administration within 6 months of the City’s fiscal year end. In accordance with MCA 7-6-611(2)(b), an audit report must be completed and filed with the Montana Department of Administration within 12 months of the end of the audited period. Effect: The City is out of compliance with MCA regulations Cause: The City had turnover in both its management functions and accounting positions making it difficult for the new staff to catch up. Recommendation: The finance department should ensure the timely completing and filing of its AFR and audit.
Finding 2023-010
2023-010 Annual Financial Report and Audit (Repeated 2021-02, 2022-06) CFDA Title: Coronavirus State and Local Fiscal Recovery Funds CFDA Number: 21.027 Federal Award Number and Year: N/A Name of Federal Agency: N/A Name of Pass- Through Entity: Direct, Department of the Treasury Condition: The City did not complete and submit its annual financial report (AFR) within 6 months of the end of the reporting period. The city did not submit its audit report within 12 months of the end of the audit period. The city did not submit the annual budget timely. Criteria: In accordance with MCA 7-6-611(2)(a), an AFR must be completed and filed with the Montana Department of Administration within 6 months of the City’s fiscal year end. In accordance with MCA 7-6-611(2)(b), an audit report must be completed and filed with the Montana Department of Administration within 12 months of the end of the audited period. Effect: The City is out of compliance with MCA regulations Cause: The City had turnover in both its management functions and accounting positions making it difficult for the new staff to catch up. Recommendation: The finance department should ensure the timely completing and filing of its AFR and audit.