FAC Explorer

Audit 362432

FY End
2023-12-31
Total Expended
$1.92M
Findings
2
Programs
3
Organization: Village of Wonewoc, Wisconsin (WI)
Year: 2023 Accepted: 2025-07-17
Auditor: Johnson Block & Company INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
571492 2023-003 Material Weakness Yes P
1147934 2023-003 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
10.760 Water and Waste Disposal Systems for Rural Communities $1.75M Yes 1
97.039 Hazard Mitigation Grant $113,367 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $57,236 - 0

Contacts

Name Title Type
RGC4FCZMAPK5 Lee Kucher Auditee
6084643114 Tara Bast Auditor
No contacts on file

Notes to SEFA

Title: Reporting Entity Accounting Policies: The accounting records for the grant program are maintained on the modified accrual basis of accounting. The information in these schedules are presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and the Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedules may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The Village did not elect to use the 10% de minimis indirect cost rate. The accompanying Schedules of Expenditures of Federal Awards include the federal grant activity of the Village of Wonewoc.
Title: Federal Awards in the Form of Loans Accounting Policies: The accounting records for the grant program are maintained on the modified accrual basis of accounting. The information in these schedules are presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and the Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedules may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The Village did not elect to use the 10% de minimis indirect cost rate. The Village is currently making draws on interim financing that when the project is complete, will be refinanced by a USDA mortgage. Interim financing through December 31, 2023, in the form of debt obligations outstanding were $2,384,890.
Title: Subrecipients Accounting Policies: The accounting records for the grant program are maintained on the modified accrual basis of accounting. The information in these schedules are presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and the Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedules may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The Village did not elect to use the 10% de minimis indirect cost rate. The Village did not pass-through any federal awards to subrecipients.

Finding Details

Finding 2023-003
2023-003 Federal Procedure Manual Condition: Internal controls over federal grants should be in place to provide reasonable assurance that misstatement in the schedule of expenditures of federal awards would be prevented or detected. Criteria: Non-federal entities who receive federal or state grants or have grant programs should have documented policies and procedures in place over grants and grant expenditures. Cause: The Village does not have documented policies and procedures in place over grants and grant expenditures. Effect: Without documented policies and procedures, the internal control over federal grants is low, and the risk of misstatement in the schedule of expenditures of federal awards is high. Auditor’s Recommendation: We recommend that the Village works on written policies and procedures over grants and grant expenditures. Management Response: The Village will work with their auditor to develop and adopt written grant procedures that are in accordance with the Uniform Guidance.
Finding 2023-003
2023-003 Federal Procedure Manual Condition: Internal controls over federal grants should be in place to provide reasonable assurance that misstatement in the schedule of expenditures of federal awards would be prevented or detected. Criteria: Non-federal entities who receive federal or state grants or have grant programs should have documented policies and procedures in place over grants and grant expenditures. Cause: The Village does not have documented policies and procedures in place over grants and grant expenditures. Effect: Without documented policies and procedures, the internal control over federal grants is low, and the risk of misstatement in the schedule of expenditures of federal awards is high. Auditor’s Recommendation: We recommend that the Village works on written policies and procedures over grants and grant expenditures. Management Response: The Village will work with their auditor to develop and adopt written grant procedures that are in accordance with the Uniform Guidance.