FAC Explorer

Audit 356982

FY End
2022-12-31
Total Expended
$3.07M
Findings
2
Programs
3
Organization: City of Fulton, New York (NY)
Year: 2022 Accepted: 2025-05-22
Auditor: Efpr Group Cpa’s PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
561403 2022-003 - Yes L
1137845 2022-003 - Yes L

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $2.55M Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $515,676 - 0
16.607 Bulletproof Vest Partnership Program $6,315 - 0

Contacts

Name Title Type
J7MRGPPEF4R6 Jodi Corsoniti Auditee
3155923400 Brent Jensen, CPA Auditor
No contacts on file

Notes to SEFA

Title: MATCHING COSTS Accounting Policies: The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable program and periods. The amounts reported in these federal financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger which is the source of the basic financial statements. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The City has not elected the 10% de minimis cost rate. Matching costs, such as the City’s share of certain program costs, are not included in the reported expenditures.
Title: SUBRECIPIENTS Accounting Policies: The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable program and periods. The amounts reported in these federal financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger which is the source of the basic financial statements. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The City has not elected the 10% de minimis cost rate. No amounts were provided to subrecipients.

Finding Details

Finding 2022-003
Criteria - The City’s data collection form was not submitted within the earlier of 30 calendar days after receipt of the auditors' report, or nine months after the end of the audit period. Condition - Code of Federal Regulations §200.512 requires the City to have the audit completed and the data collection form submitted within the earlier of 30 calendar days after receipt of the auditors' report, or nine months after the end of the audit period. Cause - The City was not able to receive all required reportable information in a timely manner from third party specialists. Effect - Required submission deadlines were not met. Statistical Sampling - the sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2021-003 from the prior year. Recommendation - We recommend that the City work with third party specialists to obtain all audit information closer to the end of the year to ensure that all future reporting deadlines are met. Management’s Response - (a) Comments on the finding and recommendations - Management agrees with the finding. Management also agrees with the recommendation. See below for action taken. (b) Action taken - The City acknowledges the finding and will work with a third party specialist to obtain all audit information closer to the end of the year to ensure that all future reporting deadlines can be met.
Finding 2022-003
Criteria - The City’s data collection form was not submitted within the earlier of 30 calendar days after receipt of the auditors' report, or nine months after the end of the audit period. Condition - Code of Federal Regulations §200.512 requires the City to have the audit completed and the data collection form submitted within the earlier of 30 calendar days after receipt of the auditors' report, or nine months after the end of the audit period. Cause - The City was not able to receive all required reportable information in a timely manner from third party specialists. Effect - Required submission deadlines were not met. Statistical Sampling - the sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2021-003 from the prior year. Recommendation - We recommend that the City work with third party specialists to obtain all audit information closer to the end of the year to ensure that all future reporting deadlines are met. Management’s Response - (a) Comments on the finding and recommendations - Management agrees with the finding. Management also agrees with the recommendation. See below for action taken. (b) Action taken - The City acknowledges the finding and will work with a third party specialist to obtain all audit information closer to the end of the year to ensure that all future reporting deadlines can be met.