FAC Explorer

Audit 330429

FY End
2024-06-30
Total Expended
$2.57M
Findings
4
Programs
3
Organization: Town of Dayton (WY)
Year: 2024 Accepted: 2024-12-02
Auditor: Carver Florek & James Cpa's

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
512634 2024-001 Significant Deficiency Yes B
512635 2024-002 Significant Deficiency Yes I
1089076 2024-001 Significant Deficiency Yes B
1089077 2024-002 Significant Deficiency Yes I

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.26M Yes 2
15.252 Abandoned Mine Land Reclamation (amlr) $285,836 - 0
10.664 Cooperative Forestry Assistance $20,217 - 0

Contacts

Name Title Type
GPHJEJZ49HL7 Todd Watkins Auditee
3076552217 Jason Lund Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the Town of Dayton, WY. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. De Minimis Rate Used: N Rate Explanation: The Town has not elected to utilize the 10 percent de minimis indirect cost rate. The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes federal grant activity of the Town of Dayton, Wyoming(the Town). The SEFA presents only a selected portion of the operations of the Town, it is not intended to and does not present the finanicial position, changes in net position, or cash flows of the Town.
Title: Summary of Significant Accounting Policies Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the Town of Dayton, WY. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. De Minimis Rate Used: N Rate Explanation: The Town has not elected to utilize the 10 percent de minimis indirect cost rate. Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the Town of Dayton, WY. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Title: Indirect Cost Rate Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the Town of Dayton, WY. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. De Minimis Rate Used: N Rate Explanation: The Town has not elected to utilize the 10 percent de minimis indirect cost rate. The Town has not elected to utilize the 10 percent de minimis indirect cost rate.
Title: Subrecipients Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the Town of Dayton, WY. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. De Minimis Rate Used: N Rate Explanation: The Town has not elected to utilize the 10 percent de minimis indirect cost rate. The Town did not pass any portion of federal awards to subrecipients.

Finding Details

Finding 2024-001
2024-001: Written Internal Control Policies and Federal Grant Award Procedures Finding Prior Year Findings: Yes, 2023-002 Department Agency: Department of Treasury State Department: Wyoming State Loan & Investment Board Office of State Lands & Investments Assistance Listing Number: ALN #21.027 Type of Finding: Significant Deficiency Questioned Costs: None Criteria: Federal regulations 2 CFR 200.303 state that non-Federal entities establish, document and maintain effective internal control over the Federal awards. Internal controls is generally defined as a process effected by an entity's oversight body, management, and other personnel that provides reasonable assurance that the objectives of an entity will be achieved. Internal control is not one event or circumstance, but a dynamic and iterative process-actions that permeate an entity's activites and are an integral part of the way auditee management runs the entity. Condition: The Town did not have written internal controls and Federal grant award policies in place. Cause and Effect: The Town was in the process of adopting internal control policies but did not have them completed at June 30, 2024. Repeat Finding: Yes Recommendation: We recommend that the Town of Dayton develop and adopt written internal controls and Federal grant award procedures. Response: Please see the last page of this report for the Town's response to this finding.
Finding 2024-002
2024-002: Written Procurement, Suspension and Debarment Policy Finding Prior Year Findings: Yes, 2023-003 Department Agency: Department of Treasury State Department: Wyoming State Loan & Investment Board Office of State Lands & Investments Assistance Listing Number: ALN #21.027 Compliance Area: Procurement & Suspension & Debarment (I) Type of Finding: Significant Deficiency Questioned Costs: None Criteria: The Town of Dayton should have written standards of conduct in place to verify any entity(vendor) with which the Town spends Federal expenditures or conducts business transactions be not debarred, suspended, or otherwise excluded per 2 CFR 200.318(h) and 2 CFR 180. The written standard should address conduct convering conflicts of interest governing the performance of its employees and contractors engaged in the selections, award, and administartion of contracts (Uniform Guidance Section 200.318 and 45 CFR sections 52.203-13 and 52.203-16). Condition: The Town of Dayton did not have written controsl in palce to ensure that vendors were not suspended or debarred or included in the list of vendors prior to entering into a contract wit hthe Town. The written standard of conduct covering conflicts of interest and governing the performance of its employees and contractors must be documented when engaged in the selection, award and administration of Federal grant contracts. Cause and Effect: The Town was in the process of adopting internal control policies but did not have them completed at June 30, 2024. Repeat Finding: Yes Recommendation: We recommend that the Town of Dayton develop and adopt a written Procurement, Suspension and Debarment Policy. Response: Please see the last page of this report for the Town's response to this finding.
Finding 2024-001
2024-001: Written Internal Control Policies and Federal Grant Award Procedures Finding Prior Year Findings: Yes, 2023-002 Department Agency: Department of Treasury State Department: Wyoming State Loan & Investment Board Office of State Lands & Investments Assistance Listing Number: ALN #21.027 Type of Finding: Significant Deficiency Questioned Costs: None Criteria: Federal regulations 2 CFR 200.303 state that non-Federal entities establish, document and maintain effective internal control over the Federal awards. Internal controls is generally defined as a process effected by an entity's oversight body, management, and other personnel that provides reasonable assurance that the objectives of an entity will be achieved. Internal control is not one event or circumstance, but a dynamic and iterative process-actions that permeate an entity's activites and are an integral part of the way auditee management runs the entity. Condition: The Town did not have written internal controls and Federal grant award policies in place. Cause and Effect: The Town was in the process of adopting internal control policies but did not have them completed at June 30, 2024. Repeat Finding: Yes Recommendation: We recommend that the Town of Dayton develop and adopt written internal controls and Federal grant award procedures. Response: Please see the last page of this report for the Town's response to this finding.
Finding 2024-002
2024-002: Written Procurement, Suspension and Debarment Policy Finding Prior Year Findings: Yes, 2023-003 Department Agency: Department of Treasury State Department: Wyoming State Loan & Investment Board Office of State Lands & Investments Assistance Listing Number: ALN #21.027 Compliance Area: Procurement & Suspension & Debarment (I) Type of Finding: Significant Deficiency Questioned Costs: None Criteria: The Town of Dayton should have written standards of conduct in place to verify any entity(vendor) with which the Town spends Federal expenditures or conducts business transactions be not debarred, suspended, or otherwise excluded per 2 CFR 200.318(h) and 2 CFR 180. The written standard should address conduct convering conflicts of interest governing the performance of its employees and contractors engaged in the selections, award, and administartion of contracts (Uniform Guidance Section 200.318 and 45 CFR sections 52.203-13 and 52.203-16). Condition: The Town of Dayton did not have written controsl in palce to ensure that vendors were not suspended or debarred or included in the list of vendors prior to entering into a contract wit hthe Town. The written standard of conduct covering conflicts of interest and governing the performance of its employees and contractors must be documented when engaged in the selection, award and administration of Federal grant contracts. Cause and Effect: The Town was in the process of adopting internal control policies but did not have them completed at June 30, 2024. Repeat Finding: Yes Recommendation: We recommend that the Town of Dayton develop and adopt a written Procurement, Suspension and Debarment Policy. Response: Please see the last page of this report for the Town's response to this finding.