FAC Explorer

Audit 332172

FY End
2023-12-31
Total Expended
$17.11M
Findings
2
Programs
9
Organization: City of Poughkeepsie (NY)
Year: 2023 Accepted: 2024-12-12
Auditor: Bst & CO CPAS LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
513967 2023-006 Material Weakness Yes L
1090409 2023-006 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $7.97M Yes 0
14.871 Section 8 Housing Choice Vouchers $6.74M Yes 1
14.218 Community Development Block Grants/entitlement Grants $1.30M Yes 0
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $114,500 - 0
16.609 Project Safe Neighborhoods $103,577 - 0
20.205 Highway Planning and Construction $86,161 Yes 0
16.738 Edward Byrne Memorial Justice Assistance Grant Program $14,453 - 0
16.607 Bulletproof Vest Partnership Program $9,947 - 0
20.616 National Priority Safety Programs $1,191 - 0

Contacts

Name Title Type
NNFSPGQYGGD1 Dr. Brian Martinez Auditee
8454514025 Jonathan Gibbs Auditor
No contacts on file

Notes to SEFA

Title: LOANS OUTSTANDING Accounting Policies: I. BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Poughkeepsie, New York, (the “City”) for the year ended December 31, 2023. Federal awards received directly from Federal agencies as well as Federal awards passed through other government agencies are included in the schedule. The information in this schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations, 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 City, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City. The Schedule of Expenditures of Federal Awards does not include federal awards, if any, of the discretely presented component units (City of Poughkeepsie Industrial Development Agency and the Poughkeepsie Housing Authority.) II. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Expenditures were direct costs of the programs The City had the following loan balances outstanding at December 31, 2023, which were originally funded with federal awards. Loans made during the year are included in the federal expenditures presented in the schedule:
Title: RECONCILIATION TO FINANCIAL STATEMENTS Accounting Policies: I. BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Poughkeepsie, New York, (the “City”) for the year ended December 31, 2023. Federal awards received directly from Federal agencies as well as Federal awards passed through other government agencies are included in the schedule. The information in this schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations, 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 City, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City. The Schedule of Expenditures of Federal Awards does not include federal awards, if any, of the discretely presented component units (City of Poughkeepsie Industrial Development Agency and the Poughkeepsie Housing Authority.) II. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Expenditures were direct costs of the programs The expenditures presented in the Schedule of Expenditures of Federal Awards and State Transportation Assistance reconcile to the federal and state aid reported in the Statement of Revenues, Expenses and Changes in Fund Balance as follows:

Finding Details

Finding 2023-006
2023-006. Single Audit Report Submission Criteria or specific requirement (including statutory, regulatory, or other citation): In accordance with 2 CFR 200.412, the City is required to complete and submit the data collection form within the earlier of 30 days after receipt of the auditor’s report, or nine months after the end of the audit period. Condition and Context: The City did not submit the required reporting package within the required period for submission. Cause: Lack of internal controls to ensure an independent audit was completed timely. Effect or potential effect: The City did not comply with the requirements of 2 CFR 200.512. Questioned costs: None. Identification as a repeat finding, if applicable: Repeat of finding 2022-008. Recommendation: The City should develop a course of action to ensure that future single audit reports are completed and submitted to the Federal Audit Clearinghouse in accordance with the requirements of 2 CFR 200.512. Views of responsible officials: As detailed in the Corrective Action Plan, management has agreed to the findings and recommendation noted above.
Finding 2023-006
2023-006. Single Audit Report Submission Criteria or specific requirement (including statutory, regulatory, or other citation): In accordance with 2 CFR 200.412, the City is required to complete and submit the data collection form within the earlier of 30 days after receipt of the auditor’s report, or nine months after the end of the audit period. Condition and Context: The City did not submit the required reporting package within the required period for submission. Cause: Lack of internal controls to ensure an independent audit was completed timely. Effect or potential effect: The City did not comply with the requirements of 2 CFR 200.512. Questioned costs: None. Identification as a repeat finding, if applicable: Repeat of finding 2022-008. Recommendation: The City should develop a course of action to ensure that future single audit reports are completed and submitted to the Federal Audit Clearinghouse in accordance with the requirements of 2 CFR 200.512. Views of responsible officials: As detailed in the Corrective Action Plan, management has agreed to the findings and recommendation noted above.