Audit 363520

FY End
2023-06-30
Total Expended
$9.39M
Findings
8
Programs
7
Organization: Town of Vinton, Va (VA)
Year: 2023 Accepted: 2025-08-01

Organization Exclusion Status:

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Findings

ID Ref Severity Repeat Requirement
572399 2023-003 - - P
572400 2023-004 Significant Deficiency Yes P
572401 2023-003 - - P
572402 2023-004 Significant Deficiency Yes P
1148841 2023-003 - - P
1148842 2023-004 Significant Deficiency Yes P
1148843 2023-003 - - P
1148844 2023-004 Significant Deficiency Yes P

Contacts

Name Title Type
FBA2ZQK26QV3 Tiffany Stewart Auditee
5409830608 Susan Chapman Auditor
No contacts on file

Notes to SEFA

Title: Outstanding Loan Balances Accounting Policies: The accompanying Schedule of Federal Expenditures includes the activity of all federally assisted programs of the Town of Vinton, Virginia and is presented on the modified accrual basis of accounting, as described in Note 1 to the Town's basic financial statements. All federal awards received directly from federalagencies, as well as federal awards passed through other government agencies, are included on this schedule. De Minimis Rate Used: N Rate Explanation: The entity did not elect to use the 10% de minimis indirect cost rate. At June 30, 2023, the Town had no outstanding loan balances requiring continuing disclosure.
Title: Subrecipients Expenditure Accounting Policies: The accompanying Schedule of Federal Expenditures includes the activity of all federally assisted programs of the Town of Vinton, Virginia and is presented on the modified accrual basis of accounting, as described in Note 1 to the Town's basic financial statements. All federal awards received directly from federalagencies, as well as federal awards passed through other government agencies, are included on this schedule. De Minimis Rate Used: N Rate Explanation: The entity did not elect to use the 10% de minimis indirect cost rate. $5.7M of the COVID-19 Coronavirus State and Local Fiscal Recovery Funds passed through the Town to Western Virginia Water Authority.

Finding Details

2023-003: COVID-19 Coronavirus State and Local Fiscal Recovery Fund – AL# 21.027, Highway Planning and Construction – AL# 20.205, Late Filling of Data Collection Form Condition The Town did not submit the data collection form for the year ended June 30, 2023 timely. Criteria For June 30, 2023, year-end audits, under the requirements in the Uniform Guidance and the Office of Management and Budget (OMB), all entities are required to submit the annual data collection form with the Federal Audit Clearinghouse the earlier of either 30 days after the issuance of the entity’s annual audit or nine months after the entity’s fiscal year end. Cause Management did not complete and certify their portion of the form before the deadline. Form cannot be completed before audit is issued. Effect The entity’s form was submitted to the Federal Audit Clearinghouse late, delaying completion of all annual audit requirements for the Town. Recommendation Management should take steps to ensure that the form is filed timely. Views of Responsible Officials and Planned Corrective Action We agree with the finding and will ensure the reports are filed in a timely manner
2023-004: Schedule of Expenditures of Federal Awards (Significant Deficiency) Condition The Schedule of Expenditures of Federal Awards (SEFA) was prepared without supervisor review, resulting in several auditor corrections. Criteria Segregation of duties and review procedures should be applied to federal award workpapers. Cause The Town has not designed effective internal controls with regard to federal awards. Effect Risk that the Town’s information in the SEFA is not accurate, complete, or appropriately presented in accordance with Uniform Guidance. Recommendation Management should establish and implement internal controls with regard to federal awards. Views of Responsible Officials and Planned Corrective Action We agree with the finding and we’re working towards developing a written policy.
2023-003: COVID-19 Coronavirus State and Local Fiscal Recovery Fund – AL# 21.027, Highway Planning and Construction – AL# 20.205, Late Filling of Data Collection Form Condition The Town did not submit the data collection form for the year ended June 30, 2023 timely. Criteria For June 30, 2023, year-end audits, under the requirements in the Uniform Guidance and the Office of Management and Budget (OMB), all entities are required to submit the annual data collection form with the Federal Audit Clearinghouse the earlier of either 30 days after the issuance of the entity’s annual audit or nine months after the entity’s fiscal year end. Cause Management did not complete and certify their portion of the form before the deadline. Form cannot be completed before audit is issued. Effect The entity’s form was submitted to the Federal Audit Clearinghouse late, delaying completion of all annual audit requirements for the Town. Recommendation Management should take steps to ensure that the form is filed timely. Views of Responsible Officials and Planned Corrective Action We agree with the finding and will ensure the reports are filed in a timely manner
2023-004: Schedule of Expenditures of Federal Awards (Significant Deficiency) Condition The Schedule of Expenditures of Federal Awards (SEFA) was prepared without supervisor review, resulting in several auditor corrections. Criteria Segregation of duties and review procedures should be applied to federal award workpapers. Cause The Town has not designed effective internal controls with regard to federal awards. Effect Risk that the Town’s information in the SEFA is not accurate, complete, or appropriately presented in accordance with Uniform Guidance. Recommendation Management should establish and implement internal controls with regard to federal awards. Views of Responsible Officials and Planned Corrective Action We agree with the finding and we’re working towards developing a written policy.
2023-003: COVID-19 Coronavirus State and Local Fiscal Recovery Fund – AL# 21.027, Highway Planning and Construction – AL# 20.205, Late Filling of Data Collection Form Condition The Town did not submit the data collection form for the year ended June 30, 2023 timely. Criteria For June 30, 2023, year-end audits, under the requirements in the Uniform Guidance and the Office of Management and Budget (OMB), all entities are required to submit the annual data collection form with the Federal Audit Clearinghouse the earlier of either 30 days after the issuance of the entity’s annual audit or nine months after the entity’s fiscal year end. Cause Management did not complete and certify their portion of the form before the deadline. Form cannot be completed before audit is issued. Effect The entity’s form was submitted to the Federal Audit Clearinghouse late, delaying completion of all annual audit requirements for the Town. Recommendation Management should take steps to ensure that the form is filed timely. Views of Responsible Officials and Planned Corrective Action We agree with the finding and will ensure the reports are filed in a timely manner
2023-004: Schedule of Expenditures of Federal Awards (Significant Deficiency) Condition The Schedule of Expenditures of Federal Awards (SEFA) was prepared without supervisor review, resulting in several auditor corrections. Criteria Segregation of duties and review procedures should be applied to federal award workpapers. Cause The Town has not designed effective internal controls with regard to federal awards. Effect Risk that the Town’s information in the SEFA is not accurate, complete, or appropriately presented in accordance with Uniform Guidance. Recommendation Management should establish and implement internal controls with regard to federal awards. Views of Responsible Officials and Planned Corrective Action We agree with the finding and we’re working towards developing a written policy.
2023-003: COVID-19 Coronavirus State and Local Fiscal Recovery Fund – AL# 21.027, Highway Planning and Construction – AL# 20.205, Late Filling of Data Collection Form Condition The Town did not submit the data collection form for the year ended June 30, 2023 timely. Criteria For June 30, 2023, year-end audits, under the requirements in the Uniform Guidance and the Office of Management and Budget (OMB), all entities are required to submit the annual data collection form with the Federal Audit Clearinghouse the earlier of either 30 days after the issuance of the entity’s annual audit or nine months after the entity’s fiscal year end. Cause Management did not complete and certify their portion of the form before the deadline. Form cannot be completed before audit is issued. Effect The entity’s form was submitted to the Federal Audit Clearinghouse late, delaying completion of all annual audit requirements for the Town. Recommendation Management should take steps to ensure that the form is filed timely. Views of Responsible Officials and Planned Corrective Action We agree with the finding and will ensure the reports are filed in a timely manner
2023-004: Schedule of Expenditures of Federal Awards (Significant Deficiency) Condition The Schedule of Expenditures of Federal Awards (SEFA) was prepared without supervisor review, resulting in several auditor corrections. Criteria Segregation of duties and review procedures should be applied to federal award workpapers. Cause The Town has not designed effective internal controls with regard to federal awards. Effect Risk that the Town’s information in the SEFA is not accurate, complete, or appropriately presented in accordance with Uniform Guidance. Recommendation Management should establish and implement internal controls with regard to federal awards. Views of Responsible Officials and Planned Corrective Action We agree with the finding and we’re working towards developing a written policy.