FAC Explorer

Audit 355761

FY End
2024-12-31
Total Expended
$1.04M
Findings
2
Programs
1
Organization: Public Water Supply District No. 1 of Ste. Genevieve County, Missouri (MO)
Year: 2024 Accepted: 2025-05-07
Auditor: Beussink Hey Roe & Stroder LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
559791 2024-002 Significant Deficiency - I
1136233 2024-002 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.04M Yes 1

Contacts

Name Title Type
W76ELJUQ7E27 Sarah Grass Auditee
5738835670 Jeffrey C. Stroder, CPA Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Public Water Supply District No. 1 of Ste. Genevieve County, Missouri has elected not 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 Public Water Supply District No. 1 of Ste. Genevieve County, Missouri under the programs of the federal government for the year ended December 31, 2024. 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 Public Water Supply District No. 1 of Ste. Genevieve County, Missouri, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Public Water Supply District No. 1 of Ste. Genevieve County, Missouri.
Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Public Water Supply District No. 1 of Ste. Genevieve County, Missouri has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Public Water Supply District No. 1 of Ste. Genevieve County, Missouri has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Public Water Supply District No. 1 of Ste. Genevieve County, Missouri has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Noncash Assistance Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Public Water Supply District No. 1 of Ste. Genevieve County, Missouri has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Public Water Supply District No. 1 of Ste. Genevieve County, Missouri did not have any non-cash assistance, federal insurance in effect, or have any loan or loan guarantee outstanding for the fiscal year ended December 31, 2024.
Title: Subrecipients Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Public Water Supply District No. 1 of Ste. Genevieve County, Missouri has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Public Water Supply District No. 1 of Ste. Genevieve County, Missouri did not pass through any federal funds to subrecipients.

Finding Details

Finding 2024-002
Federal Program: U.S. Department of Treasury passed through Ste. Genevieve County, Missouri: Coronavirus State and Local Fiscal Recovery Funds (21.027). Criteria: According to 2 CFR 180.220, when a sub-recipient of federal awards uses federal money to acquire goods and services expected to cost more than $25,000, the sub-recipient must determine if the vendor is suspended, debarred, or otherwise excluded from doing business with the federal government. Condition: The District purchased goods from two vendors totaling greater than $25,000 that required the District to determine the vendors' status with the federal government. The vendors were, in fact, not excluded parties, and the District made the determination using SAM.gov before the disbursements were made. However, the District did not keep supporting documentation that the determination was made. The District kept supporting documentation that the determination was made for one vendor paid $854,178 of grant funds. However, the District did not keep supporting documentation that the determination was made for one vendor paid $120,152 of grant funds. Cause: The District was unaware that they needed to keep documentation of checking the vendor's status on System for Award Management (SAM). Effect: The District did comply with the federal compliance requirements, however, internal controls were such that noncompliance could occur and go undetected. Questioned Costs: None. Context: Actual expenditures of the program were $974,330 during the fiscal year ended December 31, 2024. Repeat Finding: No. Recommendation: We recommend the District verify a vendor's status by checking the System for Award Management (SAM) maintained by the General Services Administration before making purchases expected to exceed $25,000 and to keep supporting documentation of the verification of the vendor's status. Views of Responsible Officials: The District will verify all vendors' status using the System for Award Management (SAM) maintained by the General Services Administration before making purchases expected to exceed $25,000 and keep all supporting documentation.
Finding 2024-002
Federal Program: U.S. Department of Treasury passed through Ste. Genevieve County, Missouri: Coronavirus State and Local Fiscal Recovery Funds (21.027). Criteria: According to 2 CFR 180.220, when a sub-recipient of federal awards uses federal money to acquire goods and services expected to cost more than $25,000, the sub-recipient must determine if the vendor is suspended, debarred, or otherwise excluded from doing business with the federal government. Condition: The District purchased goods from two vendors totaling greater than $25,000 that required the District to determine the vendors' status with the federal government. The vendors were, in fact, not excluded parties, and the District made the determination using SAM.gov before the disbursements were made. However, the District did not keep supporting documentation that the determination was made. The District kept supporting documentation that the determination was made for one vendor paid $854,178 of grant funds. However, the District did not keep supporting documentation that the determination was made for one vendor paid $120,152 of grant funds. Cause: The District was unaware that they needed to keep documentation of checking the vendor's status on System for Award Management (SAM). Effect: The District did comply with the federal compliance requirements, however, internal controls were such that noncompliance could occur and go undetected. Questioned Costs: None. Context: Actual expenditures of the program were $974,330 during the fiscal year ended December 31, 2024. Repeat Finding: No. Recommendation: We recommend the District verify a vendor's status by checking the System for Award Management (SAM) maintained by the General Services Administration before making purchases expected to exceed $25,000 and to keep supporting documentation of the verification of the vendor's status. Views of Responsible Officials: The District will verify all vendors' status using the System for Award Management (SAM) maintained by the General Services Administration before making purchases expected to exceed $25,000 and keep all supporting documentation.