FAC Explorer

Audit 352779

FY End
2024-06-30
Total Expended
$2.20M
Findings
0
Programs
6
Organization: City of Torrington (WY)
Year: 2024 Accepted: 2025-04-04
Auditor: Leo Riley and CO CPAS

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
16.738 Edward Byrne Memorial Justice Assistance Grant Program $52,372 - 0
20.106 Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and Covid-19 Airports Programs $36,519 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $35,672 Yes 0
97.042 Emergency Management Performance Grants $26,128 - 0
97.039 Hazard Mitigation Grant $7,191 - 0
97.067 Homeland Security Grant Program $1,486 - 0

Contacts

Name Title Type
EAYWXFMBVXD3 Paul Stille Auditee
3072653800 Paul Stille Auditor
No contacts on file

Notes to SEFA

Title: NOTE 2. CONTINGENCIES Accounting Policies: NOTE 1. BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Torrington is presented on the accrual basis of accounting The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, "Audits of State, Local Governments, and Non-Profit Organizations". Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.The City has not used the de minimis 10% indirect cost rate. De Minimis Rate Used: N Rate Explanation: The City has not used the de minimis 10% indirect cost rate. The City receives funds under various federal grant programs and such assistance is to be expended in accordance with the provisions of the various grants. Compliance with the grants is subject to audit by various government agencies whichmay impose sanctions in the event of noncompliance. Management believes that they have complied with all aspects of the various grant provisions and the results of adjustments, if any, relating to such audits would not have a material financial impact.
Title: NOTE 3. PASS -THROUGH AWARDS Accounting Policies: NOTE 1. BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Torrington is presented on the accrual basis of accounting The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, "Audits of State, Local Governments, and Non-Profit Organizations". Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.The City has not used the de minimis 10% indirect cost rate. De Minimis Rate Used: N Rate Explanation: The City has not used the de minimis 10% indirect cost rate. The City did not pass through any funding to subrecipients during the 2024 year.