FAC Explorer

Audit 346666

FY End
2024-06-30
Total Expended
$953,507
Findings
2
Programs
1
Organization: North Sweetwater Water and Sewer District (WY)
Year: 2024 Accepted: 2025-03-18
Auditor: Carver Florek & James CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
528657 2024-001 Significant Deficiency Yes I
1105099 2024-001 Significant Deficiency Yes I

Programs

ALN Program Spent Major Findings
66.458 Clean Water State Revolving Fund $953,507 Yes 1

Contacts

Name Title Type
E3UBJDLPKFK4 David Barnhouse Auditee
3073890411 Jason Lund Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the District's financial statements. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Tilte 2 CFR Part 200, Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The District has not elected to utilize the 10 percent de minimis indirect cost rate. The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes federal grant activity of the North Sweetwater Water and Sewer District, Wyoming (the District). The SEFA presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.
Title: Summary of Significant Accounting Policies Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the District's financial statements. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Tilte 2 CFR Part 200, Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The District has not elected to utilize the 10 percent de minimis indirect cost rate. Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the District's financial statements. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Tilte 2 CFR Part 200, Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: Indirect Cost Rate Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the District's financial statements. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Tilte 2 CFR Part 200, Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The District has not elected to utilize the 10 percent de minimis indirect cost rate. The District has not elected to utilize the 10 percent de minimis indirect cost rate.
Title: Subrecipients Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the District's financial statements. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Tilte 2 CFR Part 200, Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The District has not elected to utilize the 10 percent de minimis indirect cost rate. The District did not pass any portion of federal awards to subrecipients.
Title: Loans Accounting Policies: Federal program expenditures included in the accompanying schedule are presented on the cash basis of accounting, the same as the District's financial statements. Revenues are recognized when they are received and expenditures are recorded when cash is paid. The information in the schedule is presented in accordance with requirements of Tilte 2 CFR Part 200, Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: The District has not elected to utilize the 10 percent de minimis indirect cost rate. The outstanding loans during the year are included in the SEFA. These loans were not fully drawn and accordingly had not entered the forgiveness/repayment phase at June 30, 2024. The District had following loan balances outstanding at June 30, 2024:

Finding Details

Finding 2024-001
Finding 2024-001: Written Policies - Internal Control Finding - Significant Deficiency Assisted Listing Number: 66.458 Capitalization Grants For Clean Water State Revolving Funds Criteria: Uniform Guidance policies require 2 CFR Part 180 states written policies and procedures related to internal controls be written regarding SAMS.gov contractor verification of debarment and suspension. Condition: North Sweetwater Water and Sewer District does not have updated written policies implementing Uniform Guidance contractual and internal control procedures. Cause and Effect; While detail testing, we found no unallowed costs or vendors who were debarred or suspended with SAMS.gov, without lack of written internal control policies the North Sweetwater Water and Sewer District could enter into transactions with debarred or suspended vendors. Repeat Finding: Repeat finding of 2023-002. Recommendation: We recommend that the North Sweetwater Water and Sewer District update and have written internal control policies to contain all Uniform Guidance regulations, relating to SAMS.gov debarment and suspension and other federal contractual requirements. It is recommended that these policies and internal controls be reviewed in alignment with the Federal Award contractual agreements on a regular basis. Response: Please see the last page of this report for the North Sweetwater Water and Sewer District's response to this finding.
Finding 2024-001
Finding 2024-001: Written Policies - Internal Control Finding - Significant Deficiency Assisted Listing Number: 66.458 Capitalization Grants For Clean Water State Revolving Funds Criteria: Uniform Guidance policies require 2 CFR Part 180 states written policies and procedures related to internal controls be written regarding SAMS.gov contractor verification of debarment and suspension. Condition: North Sweetwater Water and Sewer District does not have updated written policies implementing Uniform Guidance contractual and internal control procedures. Cause and Effect; While detail testing, we found no unallowed costs or vendors who were debarred or suspended with SAMS.gov, without lack of written internal control policies the North Sweetwater Water and Sewer District could enter into transactions with debarred or suspended vendors. Repeat Finding: Repeat finding of 2023-002. Recommendation: We recommend that the North Sweetwater Water and Sewer District update and have written internal control policies to contain all Uniform Guidance regulations, relating to SAMS.gov debarment and suspension and other federal contractual requirements. It is recommended that these policies and internal controls be reviewed in alignment with the Federal Award contractual agreements on a regular basis. Response: Please see the last page of this report for the North Sweetwater Water and Sewer District's response to this finding.