FAC Explorer

Audit 36603

FY End
2022-06-30
Total Expended
$1.44M
Findings
2
Programs
4
Organization: County of Stanton (NE)
Year: 2022 Accepted: 2023-03-30
Auditor: Mdt LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
29996 2022-002 Significant Deficiency - P
606438 2022-002 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
20.205 Highway Planning and Construction $1.04M Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $360,496 - 0
97.042 Emergency Management Performance Grants $35,835 - 0
93.563 Child Support Enforcement $8,647 - 0

Contacts

Name Title Type
HV2AFB8DEZQ7 Wanda Heermann Auditee
4024392222 Cassie Albus Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Stanton County, Nebraska and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of, the basic financial statements. Expenditures reported on the Schedule are reported on the cash 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. 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. The County did not elect to use the 10% de minimis indirect cost rate, as allowed under Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-002
The County does not have a system of internal control that would provide management with reasonable assurance that the County?s schedule of expenditures of federal awards and related disclosures are complete and presented in accordance with the cash basis of accounting. As such, management requested us to compile the trial balance from the general ledger and prepare a draft of the schedule of expenditure of federal awards, including the related note disclosures. As described in our engagement letter, management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair presentation of the schedule of expenditures of federal awards, in conformity with the cash basis of accounting. Management does not prepare the schedule of expenditures of federal awards in accordance with the cash basis of accounting. The potential exists that a material misstatement of the schedule of expenditures of federal awards could occur and not be prevented or detected by the County?s internal control. We recommend that the County review and approve the proposed auditor adjusting entries and the adequacy of the schedule of the expenditures of federal awards disclosures prepared by the auditors among other procedures as considered necessary by management. The County relies on the auditor to propose adjustments necessary to prepare the schedule of expenditures of federal awards including the related note disclosures. The County reviews schedule of expenditures of federal awards and approves all adjustments.
Finding 2022-002
The County does not have a system of internal control that would provide management with reasonable assurance that the County?s schedule of expenditures of federal awards and related disclosures are complete and presented in accordance with the cash basis of accounting. As such, management requested us to compile the trial balance from the general ledger and prepare a draft of the schedule of expenditure of federal awards, including the related note disclosures. As described in our engagement letter, management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair presentation of the schedule of expenditures of federal awards, in conformity with the cash basis of accounting. Management does not prepare the schedule of expenditures of federal awards in accordance with the cash basis of accounting. The potential exists that a material misstatement of the schedule of expenditures of federal awards could occur and not be prevented or detected by the County?s internal control. We recommend that the County review and approve the proposed auditor adjusting entries and the adequacy of the schedule of the expenditures of federal awards disclosures prepared by the auditors among other procedures as considered necessary by management. The County relies on the auditor to propose adjustments necessary to prepare the schedule of expenditures of federal awards including the related note disclosures. The County reviews schedule of expenditures of federal awards and approves all adjustments.