FAC Explorer

Audit 352944

FY End
2024-06-30
Total Expended
$1.87M
Findings
4
Programs
4
Organization: City of Cynthiana (KY)
Year: 2024 Accepted: 2025-04-08
Auditor: Rfh PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
554339 2024-003 Significant Deficiency - I
554340 2024-004 Significant Deficiency - I
1130781 2024-003 Significant Deficiency - I
1130782 2024-004 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.14M Yes 2
97.039 Hazard Mitigation Grant $113,027 - 0
20.205 Highway Planning and Construction $112,500 - 0
15.916 Outdoor Recreation Acquisition, Development and Planning $87,500 - 0

Contacts

Name Title Type
LCRXX2MHQEE7 Elizabeth Kitchen Auditee
8592347150 Kevin Fisher Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Cynthiana, Kentucky and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in, or used in the preparation of, the basic financial statements may differ from these numbers. De Minimis Rate Used: N Rate Explanation: The City did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-003
The City is required to have internal controls in place that enable it to prepare complete financial statements, including the schedule of expenditure of federal awards in accordance with generally accepted accounting standards and in accordance with the Uniform Guidance at 2 CFR 200.510(b).
Finding 2024-004
The City is required to file annual Project and Expenditure reports that detail financial data, projects funded, expenditures, and contracts and subawards over $50,000, that were paid with the Coronavirus State and Local Fiscal Recovery Funds (CSLFRF).
Finding 2024-003
The City is required to have internal controls in place that enable it to prepare complete financial statements, including the schedule of expenditure of federal awards in accordance with generally accepted accounting standards and in accordance with the Uniform Guidance at 2 CFR 200.510(b).
Finding 2024-004
The City is required to file annual Project and Expenditure reports that detail financial data, projects funded, expenditures, and contracts and subawards over $50,000, that were paid with the Coronavirus State and Local Fiscal Recovery Funds (CSLFRF).