FAC Explorer

Audit 354111

FY End
2023-12-31
Total Expended
$2.01M
Findings
10
Programs
3
Organization: Red River Regional Council (ND)
Year: 2023 Accepted: 2025-04-22
Auditor: Brady Martz & Associates

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
555602 2023-005 Significant Deficiency - L
555603 2023-005 Significant Deficiency - L
555604 2023-005 Significant Deficiency - L
555605 2023-005 Significant Deficiency - L
555606 2023-005 Significant Deficiency - L
1132044 2023-005 Significant Deficiency - L
1132045 2023-005 Significant Deficiency - L
1132046 2023-005 Significant Deficiency - L
1132047 2023-005 Significant Deficiency - L
1132048 2023-005 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
11.307 Economic Adjustment Assistance $1.27M Yes 1
10.433 Rural Housing Preservation Grants $82,623 - 1
11.302 Economic Development Support for Planning Organizations $76,000 - 1

Contacts

Name Title Type
J3JKMYNVNKV3 Lori Estad Auditee
7013523552 Mindy Piatz Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (the “Schedule”) are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The Council has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Red River Regional Council under programs of the federal government for the year ended December 31, 2023. The information in this schedule 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). Because the Schedule presents only a selected portion of the operations of Red River Regional Council, it is not intended to and does not present the financial position or change in net position of Red River Regional Council.
Title: LOAN PROGRAMS Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (the “Schedule”) are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The Council has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Council manages the federal Revolving Loan Programs, through the U.S. Economic Development Administration (EDA). The calculation of the federal expenditures related to the Revolving Loan Programs are as follows: (See Table in notes to SEFA)

Finding Details

Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.
Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.
Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.
Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.
Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.
Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.
Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.
Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.
Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.
Finding 2023-005
Federal Program: All Federal programs Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal expenditures to file audited financial statements within 9 months of year end. Condition: The Council’s December 31, 2023 and 2022 audited financial statements were not filed with the Federal Audit Clearinghouse within nine months of the Council’s year end. Cause: Change of auditors. Questioned Costs: None Effect or Potential Effect: The Council is not in compliance with Uniform Guidance requirements. Recommendation: We recommend the Council ensure records are reconciled and available for audit within a timely manner of year end. Views of Responsible Officials: Management recognizes the deficiency and plans to implement the auditor’s recommendations. Indication of Repeat Finding: This is a new finding in the current year.