FAC Explorer

Audit 330529

FY End
2023-10-31
Total Expended
$10.14M
Findings
2
Programs
1
Organization: Ruby Valley Hospital District Dba Ruby Valley Medical Center (MT)
Year: 2023 Accepted: 2024-12-03
Auditor: Wipfli LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
512697 2023-003 Significant Deficiency Yes L
1089139 2023-003 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
10.766 Community Facilities Loans and Grants $10.14M Yes 1

Contacts

Name Title Type
U5TEVN3D76U1 Jim Gillhouse Auditee
4068425453 Eric Volk Auditor
No contacts on file

Notes to SEFA

Title: Note 1: Basis of Presentation Accounting Policies: Note 2: Summary of Significant 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 as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: Note 3: Indirect Cost The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the District. The information in the Schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.
Title: Note 4: Subrecipients Accounting Policies: Note 2: Summary of Significant 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 as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: Note 3: Indirect Cost The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The District passed no federal awards through to subrecipients.
Title: Note 5: Balance of Outstanding Loan Accounting Policies: Note 2: Summary of Significant 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 as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: Note 3: Indirect Cost The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The District had an outstanding loan with USDA as of October 31, 2023, with a balance of $9,890,989. The loan balance outstanding at the beginning of the year was included in the federal expenditures presented in the Schedule.

Finding Details

Finding 2023-003
Finding 2023-003 Program Name/CFDA Title: Community Facilities Loans and Grants Federal Assistance Listing Number: 10.766 Federal Agency: U.S. Department of Agriculture Rural Development Type of Finding: Noncompliance, Significant Deficiency Compliance Requirement: Reporting Condition: The District did not meet its financial reporting obligations under the grant during the year. During the audit, it was determined the District did not file the Data Collection Form (SFSAC) by the due date of July 31, 2024. Criteria: The District is required to file the Data Collection Form (SFSAC) within 30 days after receipt of the audit or 9 months after year-end, whichever is first. Cause: The Data Collection Form (SFSAC) was not filed within the required period. Effect: The District was not in compliance with federal regulations and the USDA loans and grants. Recommendation: We recommend management monitor federal grant expenditures, including passthrough grants so it is aware when $750,000 or more in federal grants were expended and a Uniform Guidance audit is required. View of responsible officials: Management agrees with the finding and will review and update its policies and procedures as necessary to ensure future Data Collection Form (SFSAC) filing deadlines are met.
Finding 2023-003
Finding 2023-003 Program Name/CFDA Title: Community Facilities Loans and Grants Federal Assistance Listing Number: 10.766 Federal Agency: U.S. Department of Agriculture Rural Development Type of Finding: Noncompliance, Significant Deficiency Compliance Requirement: Reporting Condition: The District did not meet its financial reporting obligations under the grant during the year. During the audit, it was determined the District did not file the Data Collection Form (SFSAC) by the due date of July 31, 2024. Criteria: The District is required to file the Data Collection Form (SFSAC) within 30 days after receipt of the audit or 9 months after year-end, whichever is first. Cause: The Data Collection Form (SFSAC) was not filed within the required period. Effect: The District was not in compliance with federal regulations and the USDA loans and grants. Recommendation: We recommend management monitor federal grant expenditures, including passthrough grants so it is aware when $750,000 or more in federal grants were expended and a Uniform Guidance audit is required. View of responsible officials: Management agrees with the finding and will review and update its policies and procedures as necessary to ensure future Data Collection Form (SFSAC) filing deadlines are met.