FAC Explorer

Audit 329495

FY End
2024-07-31
Total Expended
$1.72M
Findings
2
Programs
1
Organization: Jasper County Rural Electric Membership Corporation (IN)
Year: 2024 Accepted: 2024-11-22
Auditor: London Witte Group LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
509776 2024-001 Significant Deficiency - P
1086218 2024-001 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
21.029 Coronavirus Capital Projects Fund $1.72M Yes 1

Contacts

Name Title Type
CUDWXEF6LNL3 Blain Carroll Auditee
2198664601 Earl Ridlen III Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the Cooperative’s financial statements. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: A de minimis cost rate was not used. Indirect costs were not included.

Finding Details

Finding 2024-001
More than one employee has the ability to complete multiple parts of tasks. For the year ended July 31, 2024, Jasper County REMC has failed to appropriately segregate duties in certain accounting areas consistent with control objectives.
Finding 2024-001
More than one employee has the ability to complete multiple parts of tasks. For the year ended July 31, 2024, Jasper County REMC has failed to appropriately segregate duties in certain accounting areas consistent with control objectives.