Audit 362505

FY End
2024-06-30
Total Expended
$2.43M
Findings
4
Programs
16
Organization: County of Floyd (IA)
Year: 2024 Accepted: 2025-07-17

Organization Exclusion Status:

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Contacts

Name Title Type
GBSNLM6LDBA3 Morrigan Miller Auditee
6412576131 Elizabeth Thyer Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported in the Schedule are reported on the modified 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: Floyd County chose to use actual cost.

Finding Details

Segregation of Duties over Federal Revenues - Duties related to the custody, recordkeeping and reconciling of federal awards are not properly segregated by the County.
Segregation of Duties over Federal Revenues - Duties related to the custody, recordkeeping and reconciling of federal awards are not properly segregated by the County.
Segregation of Duties over Federal Revenues - Duties related to the custody, recordkeeping and reconciling of federal awards are not properly segregated by the County.
Segregation of Duties over Federal Revenues - Duties related to the custody, recordkeeping and reconciling of federal awards are not properly segregated by the County.