FAC Explorer

Audit 359372

FY End
2024-12-31
Total Expended
$1.10M
Findings
2
Programs
3
Organization: Village of Oak Brook (IL)
Year: 2024 Accepted: 2025-06-20
Auditor: Sikich CPA LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
565677 2024-001 - - L
1142119 2024-001 - - L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.09M Yes 1
20.600 State and Community Highway Safety $5,120 - 0
16.607 Bulletproof Vest Partnership Program $1,807 - 0

Contacts

Name Title Type
WYBJLCXQH8R5 Marilyn Fumero Auditee
6303685000 Kellen O'Malley Auditor
No contacts on file

Notes to SEFA

Title: Note B - Subrecipients Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). It is a summary of the activity of the Village’s federal award programs prepared on the accrual basis of accounting. Accordingly, expenditures are recognized when the liability has been incurred and revenues are recognized when the qualifying expenditure has been incurred. De Minimis Rate Used: N Rate Explanation: The Village did not elect to use the 10% federal de minimis indirect cost rate. There were no amounts passed to subrecipients during the year ended December 31, 2024.
Title: Note C - Other Information Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). It is a summary of the activity of the Village’s federal award programs prepared on the accrual basis of accounting. Accordingly, expenditures are recognized when the liability has been incurred and revenues are recognized when the qualifying expenditure has been incurred. De Minimis Rate Used: N Rate Explanation: The Village did not elect to use the 10% federal de minimis indirect cost rate. The Village did not receive any federal insurance or noncash assistance and had no federal loans or loan guarantees outstanding with continuing compliance requirements during the year ended December 31, 2024.

Finding Details

Finding 2024-001
2024-001 Reporting - Coronavirus State and Local Fiscal Recovery Funds Assistance Listing Number 21.027 Grant Period - Year Ended December 31, 2024 Criteria: In accordance with the grant agreement the Village was required to submit annual project and expenditure reports to the Illinois Department of Treasury as outlined on the schedule provided within the agreement. Condition: The Village submitted the annual report two days late. We consider this to be an instance of non-compliance relating to the Reporting Compliance Requirement. Effect: The result is that the Village did not submit the required information to the Illinois Department of Treasury by the due date in the agreement. Cause: The condition was an administrative oversight. Recommendation: We recommend the Village increase controls over reporting. Views of Responsible Officials: Management agrees with the Single Audit finding and a response is included in the Corrective Action Plan.
Finding 2024-001
2024-001 Reporting - Coronavirus State and Local Fiscal Recovery Funds Assistance Listing Number 21.027 Grant Period - Year Ended December 31, 2024 Criteria: In accordance with the grant agreement the Village was required to submit annual project and expenditure reports to the Illinois Department of Treasury as outlined on the schedule provided within the agreement. Condition: The Village submitted the annual report two days late. We consider this to be an instance of non-compliance relating to the Reporting Compliance Requirement. Effect: The result is that the Village did not submit the required information to the Illinois Department of Treasury by the due date in the agreement. Cause: The condition was an administrative oversight. Recommendation: We recommend the Village increase controls over reporting. Views of Responsible Officials: Management agrees with the Single Audit finding and a response is included in the Corrective Action Plan.