FAC Explorer

Audit 346138

FY End
2022-12-31
Total Expended
$861,120
Findings
4
Programs
4
Organization: Village of La Valle (WI)
Year: 2022 Accepted: 2025-03-14
Auditor: Johnson Block & Company INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
527048 2022-004 Material Weakness Yes P
527049 2022-005 Material Weakness - P
1103490 2022-004 Material Weakness Yes P
1103491 2022-005 Material Weakness - P

Programs

ALN Program Spent Major Findings
10.763 Emergency Community Water Assistance Grants $414,960 - 0
97.039 Hazard Mitigation Grant $389,114 Yes 2
21.027 Coronavirus State and Local Fiscal Recovery Funds $37,785 - 0
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $19,261 - 0

Contacts

Name Title Type
LNJ3V6PSDUK9 Deanna Copsey Auditee
6089858383 Tara Bast Auditor
No contacts on file

Notes to SEFA

Title: REPORTING ENTITY Accounting Policies: The accounting records for the grant programs are maintained on the accrual or modified accrual basis of accounting, depending on the fund type the federal and state awards are recorded in. The information in these schedules 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) and the State Single Audit Guidelines. De Minimis Rate Used: N Rate Explanation: The Village did not elect to use the 10% de minimis indirect cost rate. The accompanying Schedules of Expenditures of Federal and State Awards include the federal and state grant activity of the Village of La Valle, Wisconsin.
Title: SUBRECIPIENTS Accounting Policies: The accounting records for the grant programs are maintained on the accrual or modified accrual basis of accounting, depending on the fund type the federal and state awards are recorded in. The information in these schedules 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) and the State Single Audit Guidelines. De Minimis Rate Used: N Rate Explanation: The Village did not elect to use the 10% de minimis indirect cost rate. The Village did not pass-through any federal or state awards to subrecipients.
Title: RECONCILIATION OF EXPENDITURES Accounting Policies: The accounting records for the grant programs are maintained on the accrual or modified accrual basis of accounting, depending on the fund type the federal and state awards are recorded in. The information in these schedules 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) and the State Single Audit Guidelines. De Minimis Rate Used: N Rate Explanation: The Village did not elect to use the 10% de minimis indirect cost rate. The Village received certain awards during the current year that were reimbursements of prior year project costs. Funding at the time of the expenditure was unknown and only awarded subsequent to the year incurred. As such, the schedules include these receipts and expenditures and differ from those reported in the financial statements. Federal Awards *Reconciliation to the Financial Statements: 2021 Expenditures included on current year schedule $ 20,652 2022 Expenditures included on current year schedule 368,462 Total Expenditures reported on the current year schedule $ 389,114 State Awards *Reconciliation to the Financial Statements 2021 Expenditures included on current year schedule $ 208,972 Total Expenditures reported on the current year schedule $ 208,972

Finding Details

Finding 2022-004
2022-004 – Federal Grant Procedure Manual Condition: Internal controls over federal and state grants should be in place to provide reasonable assurance that misstatements in the schedules of expenditures of federal and State of Wisconsin awards would be prevented or detected. Criteria: Villages who receive federal or state grants or have grant programs should have documented policies and procedures in place over grants and grant expenditures. Cause: The Village does not have documented policies and procedures in place over grants and grant expenditures. Effect: Without documented policies and procedures, the internal control over federal and state grant is low, and the risk of misstatement in the schedules of expenditures of federal and State of Wisconsin awards is high. Auditor’s Recommendation: We recommend that the Village adopts written policies and procedures over grants and grant expenditures. Grantee’s Response: The Village will work with their auditor to develop and adopt written grant procedures that are in accordance with the Uniform Guidance.
Finding 2022-005
2022-005 – Drafting Schedules of Expenditures of Federal and State Awards and Related Notes Condition: Like other entities of similar size, the Village requires the assistance of the auditor to prepare the schedules of expenditures of federal and state awards in accordance with the Uniform Guidance and the State Single Audit Guidelines. Criteria: Internal controls over preparation of the schedules of expenditures of federal and state awards should be in place to provide reasonable assurance that a misstatement in the schedules of expenditures of federal and state awards would be prevented or detected. Cause: Management relies on the auditor to assist with the preparation of the schedules of expenditures of federal and state awards. Effect: The Village’s system of internal control may not prevent, detect, or correct misstatements in the financial statements. Auditor’s Recommendation: The auditor will continue to work with the Village, providing information and training when necessary, to make the Village’s personnel more knowledgeable about its responsibility for the schedules of expenditures of federal and state awards. Management’s Response: The control deficiency has been discussed with management and they acknowledge their responsibility for the schedules of expenditures of federal and state awards. The Village accepts responsibility for the schedules of expenditures of federal and state awards. Due to the technical nature of preparing the schedules of expenditures of federal and state awards, and due to the limited resources, the Village does not anticipate the need for this assistance to change in the foreseeable future.
Finding 2022-004
2022-004 – Federal Grant Procedure Manual Condition: Internal controls over federal and state grants should be in place to provide reasonable assurance that misstatements in the schedules of expenditures of federal and State of Wisconsin awards would be prevented or detected. Criteria: Villages who receive federal or state grants or have grant programs should have documented policies and procedures in place over grants and grant expenditures. Cause: The Village does not have documented policies and procedures in place over grants and grant expenditures. Effect: Without documented policies and procedures, the internal control over federal and state grant is low, and the risk of misstatement in the schedules of expenditures of federal and State of Wisconsin awards is high. Auditor’s Recommendation: We recommend that the Village adopts written policies and procedures over grants and grant expenditures. Grantee’s Response: The Village will work with their auditor to develop and adopt written grant procedures that are in accordance with the Uniform Guidance.
Finding 2022-005
2022-005 – Drafting Schedules of Expenditures of Federal and State Awards and Related Notes Condition: Like other entities of similar size, the Village requires the assistance of the auditor to prepare the schedules of expenditures of federal and state awards in accordance with the Uniform Guidance and the State Single Audit Guidelines. Criteria: Internal controls over preparation of the schedules of expenditures of federal and state awards should be in place to provide reasonable assurance that a misstatement in the schedules of expenditures of federal and state awards would be prevented or detected. Cause: Management relies on the auditor to assist with the preparation of the schedules of expenditures of federal and state awards. Effect: The Village’s system of internal control may not prevent, detect, or correct misstatements in the financial statements. Auditor’s Recommendation: The auditor will continue to work with the Village, providing information and training when necessary, to make the Village’s personnel more knowledgeable about its responsibility for the schedules of expenditures of federal and state awards. Management’s Response: The control deficiency has been discussed with management and they acknowledge their responsibility for the schedules of expenditures of federal and state awards. The Village accepts responsibility for the schedules of expenditures of federal and state awards. Due to the technical nature of preparing the schedules of expenditures of federal and state awards, and due to the limited resources, the Village does not anticipate the need for this assistance to change in the foreseeable future.