FAC Explorer

Audit 343471

FY End
2024-10-31
Total Expended
$6.96M
Findings
2
Programs
2
Organization: Davis and Weber Counties Canal Company (UT)
Year: 2024 Accepted: 2025-02-24
Auditor: Carver Florek & James Cpa's

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
524275 2024-001 Significant Deficiency - I
1100717 2024-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $5.51M Yes 1
15.507 Watersmart (sustain and Manage America’s Resources for Tomorrow) $85,050 - 0

Contacts

Name Title Type
CJJ4ATAXGGC7 Richard Smith Auditee
8017746373 Jason Lund Auditor
No contacts on file

Notes to SEFA

Title: Note 1. Basis of Presentation Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the accrual basis of accounting. 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 (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The Organziation has not elected to uitlize the 10 percent de minimis indirect cost rate. The accompanying Schedule of Expenditures of Federal Awards includes federal grant activity of Davis & Weber Counties Canal Company (The Company). The Company receives federal awards directly from federal agencies and indirectly through pass-through entities. Federal program expenditures included in the accompanying schedule are presented on the accrual basis of accounting. 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 (Uniform Guidance). The Organization has no loan or loan guarantees. The Organization has not elected to uitlize the 10 percent de minimis indirect cost rate.
Title: Major Programs Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the accrual basis of accounting. 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 (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The Organziation has not elected to uitlize the 10 percent de minimis indirect cost rate. For the year ended October 31, 2024, the Organization has one major program: *Coronavirus State and Local Fiscal Recovery Funds, Federal ALN 21.027.

Finding Details

Finding 2024-001
2024-001: Procurement and Suspension and Debarment - Compliance Finding Criteria: Uniform Guidance policies, 2 CFR Part 180, states written policies and procedures related to internal controls be followed in regard to SAMS.gov vendor verification of debarment and suspension. Condition: The Organization did not follow the policies and procedures related to SAMS.gov vendor verification of debarment and suspension. Cause and Effect: The Organization could not provide documentation that vendors paid were verified through SAMS.gov for debarment or suspension. Questioned Costs: None Repeat Finding: No Recommendation: We recommend the Organization review Financial Internal Control Policies and ensure that Uniform Guidance policies are incorporated for Federal Grant Expenditures. Response: Please see that last page for management's response as prepared on the Organization's letterhead.
Finding 2024-001
2024-001: Procurement and Suspension and Debarment - Compliance Finding Criteria: Uniform Guidance policies, 2 CFR Part 180, states written policies and procedures related to internal controls be followed in regard to SAMS.gov vendor verification of debarment and suspension. Condition: The Organization did not follow the policies and procedures related to SAMS.gov vendor verification of debarment and suspension. Cause and Effect: The Organization could not provide documentation that vendors paid were verified through SAMS.gov for debarment or suspension. Questioned Costs: None Repeat Finding: No Recommendation: We recommend the Organization review Financial Internal Control Policies and ensure that Uniform Guidance policies are incorporated for Federal Grant Expenditures. Response: Please see that last page for management's response as prepared on the Organization's letterhead.