FAC Explorer

Audit 343809

FY End
2023-12-31
Total Expended
$1.12M
Findings
6
Programs
1
Organization: Town of Eagle (CO)
Year: 2023 Accepted: 2025-02-25
Auditor: Maggard & Hood PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
524464 2023-001 Significant Deficiency - B
524465 2023-002 Significant Deficiency - B
524466 2023-003 Significant Deficiency - B
1100906 2023-001 Significant Deficiency - B
1100907 2023-002 Significant Deficiency - B
1100908 2023-003 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $225,884 Yes 1

Contacts

Name Title Type
JES7CL8ANJ53 Jill E Kane Auditee
9703286354 Rogger Maggard Auditor
No contacts on file

Notes to SEFA

Title: Note 1 - Basis of Presentation Accounting Policies: The summary of significant accounting policies is in Note 1 of the financial statements. There are no differing policies utilized while completing the SEFA. The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Town of Eagle, Colorado, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements. De Minimis Rate Used: N Rate Explanation: The Town does not opt to use the 10% de minimun cost rate allowed. The town did not request grant reimbursement for de minimis costs. The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Town of Eagle, Colorado, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
Title: Note 2 - Sub-recipients Accounting Policies: The summary of significant accounting policies is in Note 1 of the financial statements. There are no differing policies utilized while completing the SEFA. The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Town of Eagle, Colorado, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements. De Minimis Rate Used: N Rate Explanation: The Town does not opt to use the 10% de minimun cost rate allowed. The town did not request grant reimbursement for de minimis costs. The Town of Eagle, Colorado, did not provide any federal funds listed in the Schedule of Expenditures of Federal Awards received to subrecipients.
Title: Note 3 -- Indirect Facilities and Administrative Costs Accounting Policies: The summary of significant accounting policies is in Note 1 of the financial statements. There are no differing policies utilized while completing the SEFA. The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Town of Eagle, Colorado, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements. De Minimis Rate Used: N Rate Explanation: The Town does not opt to use the 10% de minimun cost rate allowed. The town did not request grant reimbursement for de minimis costs. The Town does not opt to use the 10% de minimis cost rate allowed in Title 2 US Code of Federal Regulations (CFR), Part 200.414 Indirect (F&A) costs.
Title: Note 4 – Coronavirus State and Local Fiscal Recovery Funds Accounting Policies: The summary of significant accounting policies is in Note 1 of the financial statements. There are no differing policies utilized while completing the SEFA. The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Town of Eagle, Colorado, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements. De Minimis Rate Used: N Rate Explanation: The Town does not opt to use the 10% de minimun cost rate allowed. The town did not request grant reimbursement for de minimis costs. The ARP of 2021 authorized the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) which continues many of the programs started by the CARES Act (2020) and Consolidated Appropriations Act (2021) by adding new phases, new allocations, and new guidance to address issues related to the continuation of the COVID-19 pandemic. The Coronavirus SLFRF also creates a variety of new programs to address continuing pandemic-related crises and fund recovery efforts as the United States begins to emerge from the COVID-19 pandemic. The ARP was passed by Congress on March 10, 2021, and signed into law on March 11, 2021. In 2021, the Town received the first tranche of Coronavirus SLFRF funds (ALN 21.027) which must be obligated between March 3, 2021 and December 31, 2024, and expended to cover such obligations by December 31, 2026. At December 31, 2023, the Town has $1,530,046 of deferred ARPA revenues.

Finding Details

Finding 2023-001
Finding #23-001(A) – Late Submission of Single Audit Report to the Federal Audit Clearinghouse Program Names: 3rd Street Housing Project Eagle Innovative Housing Strategies Eagle Community Pool Replacement CFDA Titles and Numbers: 21.027 Coronavirus State and Local Fiscal Recovery Funds Federal Agency: United States Treasury Pass-through Agency: Colorado Department of Local Affairs Award Year: December 31, 2023 Condition: The Federal Single Audit Act Uniform Guidance, as amended, requires non-federal entities to undergo annual audits if they spend a certain amount of federal funds and submit the single audit report to the Federal Audit Clearinghouse within 30 days of receiving the auditor’s report or nine months after the end of the audit period; whichever comes first; meaning the deadline is essentially the earlier of these two dates. The Town of Eagle, Colorado, has submitted the Single Audit Report to the Federal Audit Clearinghouse after the reporting deadline. Criteria: Any submissions to the Federal Audit Clearinghouse after the earlier of 30 days of receiving the auditor’s report or nine months after the end of the audit period are deemed late. Questioned Costs: N/A Systematic or Isolated: Isolated Effect: Failure to submit the Single Audit Report to the Federal Audit Clearinghouse on a timely basis resulted in noncompliance with grant requirements listed in the Federal OMB Compliance Supplement. Recommendation: We recommend the Town establish procedures to ensure the timely submission of reports required by the Federal Single Audit Act Uniform Guidance, as amended. Views of Responsible Officials and Planned Corrective Action: In order to ensure timely submission of future required Single Audit Reports to the Federal Audit Clearinghouse on a timely basis, the Town Manager will establish and issue written procedures for the staff of the Finance Department of the Town of Eagle, Colorado, to follow to ensure that the Town’s books and records are completed and provided to the Town’s independent auditors within 4 ½ months after the Town’s calendar year-end.
Finding 2023-002
Finding #23-001(A) – Late Submission of Single Audit Report to the Federal Audit Clearinghouse Program Names: 3rd Street Housing Project Eagle Innovative Housing Strategies Eagle Community Pool Replacement CFDA Titles and Numbers: 21.027 Coronavirus State and Local Fiscal Recovery Funds Federal Agency: United States Treasury Pass-through Agency: Colorado Department of Local Affairs Award Year: December 31, 2023 Condition: The Federal Single Audit Act Uniform Guidance, as amended, requires non-federal entities to undergo annual audits if they spend a certain amount of federal funds and submit the single audit report to the Federal Audit Clearinghouse within 30 days of receiving the auditor’s report or nine months after the end of the audit period; whichever comes first; meaning the deadline is essentially the earlier of these two dates. The Town of Eagle, Colorado, has submitted the Single Audit Report to the Federal Audit Clearinghouse after the reporting deadline. Criteria: Any submissions to the Federal Audit Clearinghouse after the earlier of 30 days of receiving the auditor’s report or nine months after the end of the audit period are deemed late. Questioned Costs: N/A Systematic or Isolated: Isolated Effect: Failure to submit the Single Audit Report to the Federal Audit Clearinghouse on a timely basis resulted in noncompliance with grant requirements listed in the Federal OMB Compliance Supplement. Recommendation: We recommend the Town establish procedures to ensure the timely submission of reports required by the Federal Single Audit Act Uniform Guidance, as amended. Views of Responsible Officials and Planned Corrective Action: In order to ensure timely submission of future required Single Audit Reports to the Federal Audit Clearinghouse on a timely basis, the Town Manager will establish and issue written procedures for the staff of the Finance Department of the Town of Eagle, Colorado, to follow to ensure that the Town’s books and records are completed and provided to the Town’s independent auditors within 4 ½ months after the Town’s calendar year-end.
Finding 2023-003
Finding #23-001(A) – Late Submission of Single Audit Report to the Federal Audit Clearinghouse Program Names: 3rd Street Housing Project Eagle Innovative Housing Strategies Eagle Community Pool Replacement CFDA Titles and Numbers: 21.027 Coronavirus State and Local Fiscal Recovery Funds Federal Agency: United States Treasury Pass-through Agency: Colorado Department of Local Affairs Award Year: December 31, 2023 Condition: The Federal Single Audit Act Uniform Guidance, as amended, requires non-federal entities to undergo annual audits if they spend a certain amount of federal funds and submit the single audit report to the Federal Audit Clearinghouse within 30 days of receiving the auditor’s report or nine months after the end of the audit period; whichever comes first; meaning the deadline is essentially the earlier of these two dates. The Town of Eagle, Colorado, has submitted the Single Audit Report to the Federal Audit Clearinghouse after the reporting deadline. Criteria: Any submissions to the Federal Audit Clearinghouse after the earlier of 30 days of receiving the auditor’s report or nine months after the end of the audit period are deemed late. Questioned Costs: N/A Systematic or Isolated: Isolated Effect: Failure to submit the Single Audit Report to the Federal Audit Clearinghouse on a timely basis resulted in noncompliance with grant requirements listed in the Federal OMB Compliance Supplement. Recommendation: We recommend the Town establish procedures to ensure the timely submission of reports required by the Federal Single Audit Act Uniform Guidance, as amended. Views of Responsible Officials and Planned Corrective Action: In order to ensure timely submission of future required Single Audit Reports to the Federal Audit Clearinghouse on a timely basis, the Town Manager will establish and issue written procedures for the staff of the Finance Department of the Town of Eagle, Colorado, to follow to ensure that the Town’s books and records are completed and provided to the Town’s independent auditors within 4 ½ months after the Town’s calendar year-end.
Finding 2023-001
Finding #23-001(A) – Late Submission of Single Audit Report to the Federal Audit Clearinghouse Program Names: 3rd Street Housing Project Eagle Innovative Housing Strategies Eagle Community Pool Replacement CFDA Titles and Numbers: 21.027 Coronavirus State and Local Fiscal Recovery Funds Federal Agency: United States Treasury Pass-through Agency: Colorado Department of Local Affairs Award Year: December 31, 2023 Condition: The Federal Single Audit Act Uniform Guidance, as amended, requires non-federal entities to undergo annual audits if they spend a certain amount of federal funds and submit the single audit report to the Federal Audit Clearinghouse within 30 days of receiving the auditor’s report or nine months after the end of the audit period; whichever comes first; meaning the deadline is essentially the earlier of these two dates. The Town of Eagle, Colorado, has submitted the Single Audit Report to the Federal Audit Clearinghouse after the reporting deadline. Criteria: Any submissions to the Federal Audit Clearinghouse after the earlier of 30 days of receiving the auditor’s report or nine months after the end of the audit period are deemed late. Questioned Costs: N/A Systematic or Isolated: Isolated Effect: Failure to submit the Single Audit Report to the Federal Audit Clearinghouse on a timely basis resulted in noncompliance with grant requirements listed in the Federal OMB Compliance Supplement. Recommendation: We recommend the Town establish procedures to ensure the timely submission of reports required by the Federal Single Audit Act Uniform Guidance, as amended. Views of Responsible Officials and Planned Corrective Action: In order to ensure timely submission of future required Single Audit Reports to the Federal Audit Clearinghouse on a timely basis, the Town Manager will establish and issue written procedures for the staff of the Finance Department of the Town of Eagle, Colorado, to follow to ensure that the Town’s books and records are completed and provided to the Town’s independent auditors within 4 ½ months after the Town’s calendar year-end.
Finding 2023-002
Finding #23-001(A) – Late Submission of Single Audit Report to the Federal Audit Clearinghouse Program Names: 3rd Street Housing Project Eagle Innovative Housing Strategies Eagle Community Pool Replacement CFDA Titles and Numbers: 21.027 Coronavirus State and Local Fiscal Recovery Funds Federal Agency: United States Treasury Pass-through Agency: Colorado Department of Local Affairs Award Year: December 31, 2023 Condition: The Federal Single Audit Act Uniform Guidance, as amended, requires non-federal entities to undergo annual audits if they spend a certain amount of federal funds and submit the single audit report to the Federal Audit Clearinghouse within 30 days of receiving the auditor’s report or nine months after the end of the audit period; whichever comes first; meaning the deadline is essentially the earlier of these two dates. The Town of Eagle, Colorado, has submitted the Single Audit Report to the Federal Audit Clearinghouse after the reporting deadline. Criteria: Any submissions to the Federal Audit Clearinghouse after the earlier of 30 days of receiving the auditor’s report or nine months after the end of the audit period are deemed late. Questioned Costs: N/A Systematic or Isolated: Isolated Effect: Failure to submit the Single Audit Report to the Federal Audit Clearinghouse on a timely basis resulted in noncompliance with grant requirements listed in the Federal OMB Compliance Supplement. Recommendation: We recommend the Town establish procedures to ensure the timely submission of reports required by the Federal Single Audit Act Uniform Guidance, as amended. Views of Responsible Officials and Planned Corrective Action: In order to ensure timely submission of future required Single Audit Reports to the Federal Audit Clearinghouse on a timely basis, the Town Manager will establish and issue written procedures for the staff of the Finance Department of the Town of Eagle, Colorado, to follow to ensure that the Town’s books and records are completed and provided to the Town’s independent auditors within 4 ½ months after the Town’s calendar year-end.
Finding 2023-003
Finding #23-001(A) – Late Submission of Single Audit Report to the Federal Audit Clearinghouse Program Names: 3rd Street Housing Project Eagle Innovative Housing Strategies Eagle Community Pool Replacement CFDA Titles and Numbers: 21.027 Coronavirus State and Local Fiscal Recovery Funds Federal Agency: United States Treasury Pass-through Agency: Colorado Department of Local Affairs Award Year: December 31, 2023 Condition: The Federal Single Audit Act Uniform Guidance, as amended, requires non-federal entities to undergo annual audits if they spend a certain amount of federal funds and submit the single audit report to the Federal Audit Clearinghouse within 30 days of receiving the auditor’s report or nine months after the end of the audit period; whichever comes first; meaning the deadline is essentially the earlier of these two dates. The Town of Eagle, Colorado, has submitted the Single Audit Report to the Federal Audit Clearinghouse after the reporting deadline. Criteria: Any submissions to the Federal Audit Clearinghouse after the earlier of 30 days of receiving the auditor’s report or nine months after the end of the audit period are deemed late. Questioned Costs: N/A Systematic or Isolated: Isolated Effect: Failure to submit the Single Audit Report to the Federal Audit Clearinghouse on a timely basis resulted in noncompliance with grant requirements listed in the Federal OMB Compliance Supplement. Recommendation: We recommend the Town establish procedures to ensure the timely submission of reports required by the Federal Single Audit Act Uniform Guidance, as amended. Views of Responsible Officials and Planned Corrective Action: In order to ensure timely submission of future required Single Audit Reports to the Federal Audit Clearinghouse on a timely basis, the Town Manager will establish and issue written procedures for the staff of the Finance Department of the Town of Eagle, Colorado, to follow to ensure that the Town’s books and records are completed and provided to the Town’s independent auditors within 4 ½ months after the Town’s calendar year-end.