FAC Explorer

Audit 364253

FY End
2024-06-30
Total Expended
$7.70M
Findings
10
Programs
5
Organization: Town of Stanton (TN)
Year: 2024 Accepted: 2025-08-14
Auditor: Ata PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
573525 2024-002 - - P
573526 2024-002 - - P
573527 2024-002 - - P
573528 2024-002 - - P
573529 2024-002 - - P
1149967 2024-002 - - P
1149968 2024-002 - - P
1149969 2024-002 - - P
1149970 2024-002 - - P
1149971 2024-002 - - P

Programs

ALN Program Spent Major Findings
10.760 Water and Waste Disposal Systems for Rural Communities $5.00M Yes 1
90.201 Delta Area Economic Development $1.62M Yes 1
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $413,066 - 1
14.239 Home Investment Partnership Program $355,708 - 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $320,090 - 1

Contacts

Name Title Type
JH9JMYNJ6M68 Norman Bauer Auditee
7315482565 Barry Hamilton Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The auditee has not elected to use the 10-percent de minimis cost rate as allowed under Uniform Guidance. The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Town of Stanton under programs of the federal government for the year ended 6/30/24. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Town of Stanton, it is not intended to and does not present the net position or fund balance, changes in net position or fund balance, or cash flows, where applicable, of the Town of Stanton.
Title: Loans Outstanding Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The auditee has not elected to use the 10-percent de minimis cost rate as allowed under Uniform Guidance. At June 30, 2024, there was an outstanding balance of $3,582,284 on bond issues obtained in previous years through the US Department of Agriculture, Water and Wastewater Disposal Systems for Rural Communities. Payments during the current fiscal year were $8,541.

Finding Details

Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.
Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.
Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.
Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.
Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.
Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.
Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.
Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.
Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.
Finding 2024-002
Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.