FAC Explorer

Audit 340900

FY End
2024-06-30
Total Expended
$1.06M
Findings
2
Programs
3
Organization: City of Bardstown, Kentucky (KY)
Year: 2024 Accepted: 2025-02-03
Auditor: Rfh PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
521034 2024-001 Significant Deficiency - I
1097476 2024-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $928,254 Yes 1
15.916 Outdoor Recreation Acquisition, Development and Planning $79,675 - 0
20.205 Highway Planning and Construction $56,849 - 0

Contacts

Name Title Type
M3VCAF2DFQT9 Peggy Hardin Auditee
5023485947 Kevin Fisher, CPA Auditor
No contacts on file

Notes to SEFA

Title: Note 3 Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Bardstown, Kentucky and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) . Therefore, some amounts presented in, or used in the preparation of, the basic financial statements may differ from these numbers. De Minimis Rate Used: N Rate Explanation: The City did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. Passthrough entity numbers are presented when available. Passthrough grantor's number not available.

Finding Details

Finding 2024-001
Finding 2024-001 – AL 21.027 – Significant Deficiency/Non-compliance – Procurement, Suspension and Debarment Criteria: The City should have in place written procurement standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance. Condition: The City does not have written procurement standards that are in accordance with the standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance. Cause: The City’s purchasing policy has not been updated to incorporate the standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance. Effect: The City is not in compliance with the procurement standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance. Recommendation: We recommend the City adopt a written purchasing policy to ensure the procurement standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance are incorporated. Management’s Response: The City of Bardstown places a high priority on fair and equitable purchasing practices. The General Bidding Statute (KRS 424.260) governs purchases made during the normal course of business.The City acknowledges the need to adopt a written purchasing policy to set qualifications and procedures when federal funds are being utilized. A purchasing policy is currently being drafted to adopt procurement standards found in 2 CFR 200.317 through 200.326. This policy will be presented to council and adopted prior to February 28, 2025.
Finding 2024-001
Finding 2024-001 – AL 21.027 – Significant Deficiency/Non-compliance – Procurement, Suspension and Debarment Criteria: The City should have in place written procurement standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance. Condition: The City does not have written procurement standards that are in accordance with the standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance. Cause: The City’s purchasing policy has not been updated to incorporate the standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance. Effect: The City is not in compliance with the procurement standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance. Recommendation: We recommend the City adopt a written purchasing policy to ensure the procurement standards found in 2 CFR 200.317 through 200.326 of the Uniform Guidance are incorporated. Management’s Response: The City of Bardstown places a high priority on fair and equitable purchasing practices. The General Bidding Statute (KRS 424.260) governs purchases made during the normal course of business.The City acknowledges the need to adopt a written purchasing policy to set qualifications and procedures when federal funds are being utilized. A purchasing policy is currently being drafted to adopt procurement standards found in 2 CFR 200.317 through 200.326. This policy will be presented to council and adopted prior to February 28, 2025.