FAC Explorer

Audit 364720

FY End
2024-12-31
Total Expended
$1.39M
Findings
6
Programs
11
Organization: New Mexico Rural Water Association (NM)
Year: 2024 Accepted: 2025-08-21
Auditor: Michael L Moore CPA LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
574146 2024-004 Significant Deficiency Yes B
574147 2024-005 Significant Deficiency - B
574148 2024-005 Significant Deficiency - B
1150588 2024-004 Significant Deficiency Yes B
1150589 2024-005 Significant Deficiency - B
1150590 2024-005 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
10.U01 Circuit Rider $423,122 Yes 2
10.761 Water and Waste Technical Assistance and Training Grants $275,125 - 0
10.761 Energy Efficiency $145,496 - 0
66.424 Surveys, Studies, Investigations, Demonstrations, and Training Grants - Section 1442 of the Safe Drinking Water Act $137,235 Yes 1
10.761 Apprenticeship Program $114,684 - 0
10.U02 Ag Source Water $108,848 - 0
66.446 Wasterwater Tribal Community Technical Assistance Program $84,092 - 0
10.862 Rural Decentralized Water Systems Grant Program $39,309 - 0
66.446 Technical Assistance for Small/rural Decentralized Wastewater Systems $34,704 - 0
66.446 Training and Technical Assistance for Wasterwater Lagoons $14,710 - 0
66.446 Priority Area 2 Technical Assistance for Small/rural Wastewater Systems $11,538 - 0

Contacts

Name Title Type
FBLKCJ45MNJ3 William Conner Auditee
5058841031 Michael Moore Auditor
No contacts on file

Notes to SEFA

Title: Note 1. Basis of Presentation Accounting Policies: Accrual basis De Minimis Rate Used: N Rate Explanation: The auditee used a rate approved by the pass-through entity The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Association under programs of the federal government for the year ended December 31, 2024. 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 Association, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Association.
Title: Note 2. Summary of Significant Accounting Policies Accounting Policies: Accrual basis De Minimis Rate Used: N Rate Explanation: The auditee used a rate approved by the pass-through entity Expenditures presented in the Schedule are reported on the 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.
Title: Note 3. Indirect Cost Rate Accounting Policies: Accrual basis De Minimis Rate Used: N Rate Explanation: The auditee used a rate approved by the pass-through entity The Association has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-004
Properly designed internal control policies address controls governing disbursements. Each disbursement should be supported with proper documentation (e.g. invoice, contract, etc.), include documentation of review and approval, and be properly recorded in the general ledger. The Association follows federal per diem standards regarding mileage reimbursement and overnight travel.
Finding 2024-005
roperly designed internal control policies address controls governing disbursements. Each disbursement should be supported with proper documentation (e.g. invoice, contract, etc.), include documentation of review and approval, and be properly recorded in the general ledger.
Finding 2024-005
roperly designed internal control policies address controls governing disbursements. Each disbursement should be supported with proper documentation (e.g. invoice, contract, etc.), include documentation of review and approval, and be properly recorded in the general ledger.
Finding 2024-004
Properly designed internal control policies address controls governing disbursements. Each disbursement should be supported with proper documentation (e.g. invoice, contract, etc.), include documentation of review and approval, and be properly recorded in the general ledger. The Association follows federal per diem standards regarding mileage reimbursement and overnight travel.
Finding 2024-005
roperly designed internal control policies address controls governing disbursements. Each disbursement should be supported with proper documentation (e.g. invoice, contract, etc.), include documentation of review and approval, and be properly recorded in the general ledger.
Finding 2024-005
roperly designed internal control policies address controls governing disbursements. Each disbursement should be supported with proper documentation (e.g. invoice, contract, etc.), include documentation of review and approval, and be properly recorded in the general ledger.