Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City Secretary records all accounting transactions in the general ledger and makes general ledger adjustments. The City Secretary is responsible for depositing receipts, preparing checks, and processing ACH disbursements and payroll, and also has signature authority. Bank accounts are also reconciled by the City Secretary. The City Secretary is also responsible for filing required state, payroll, grant, and various other reports. As offsetting controls, dual signatures are required on all check disbursements and quarterly bank transactions are reviewed by the Mayor and Mayor Pro-Tem. Also, profit and loss budget performance reports are presented and reviewed at each Council meeting.Criteria: Proper segregation of duties is a key internal control to prevent errors or fraud by ensuring that no single individual has control over all aspects of a financial transaction.Cause: There is insufficient staffing to implement adequate segregation of duties.
Effect: The lack of segregation of duties increases the risk of misstatements, fraud, or unauthorized transactions going undetected. Material journal entries were required for the financial statements to be free of material misstatement. In addition, it was noted that wages reported to TMRS were understated in two months of the fiscal year.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.
Condition: The City was unable to provide a reconciled SEFA for the year ending September 30, 2022.Questioned Costs: None noted.Criteria: The City is required to properly account for all federal spending and to prepare an accurate and complete SEFA for each fiscal year.Cause: The City was unable to provide a reconciled SEFA as a result of Finding 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit.Effect: Material journal entries were required to be able to accurately report federal expenditures on the SEFA.