FAC Explorer

Audit 370207

FY End
2024-12-31
Total Expended
$3.00M
Findings
1
Programs
1
Organization: City of Aledo (IL)
Year: 2024 Accepted: 2025-10-01
Auditor: Odoni Partners LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1159462 2024-002 Material Weakness Yes ABP

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $3.00M Yes 1

Contacts

Name Title Type
RLP8MDB24KM9 Marisa Barrett Auditee
3095827241 Dante Odoni Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of federal awards includes the federal grant activity of the Northwest Side Housing Center and is presented on the accrual 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 of Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in preparation of the basic financial statements.
Expenditures reported on this schedule are reported on the modified accrual basis of accounting.
The Organization did not provide federal awards to subrecipients during the year ended December 31, 2024.
During the year ended December 31, 2024, the City of Aledo did not elect to use the 10 percent de minimis indirect cost rate.
The major federal program of the Organization is the Coronavirus State and Local Fiscal Recovery Funds (21.027). The purpose of the Coronavirus State and Local Fiscal Recovery Fund is to provide assistance to respond to the public health emergency, COVID-19 or its negative economic impacts.
The Organization did not receive any federal non-cash assistance, federal loans or federal insurance for the year ended December 31, 2024. The Organization has no outstanding loans or loan guarantees with continuing compliance requirements. 86

Finding Details

Finding 2024-002
Significant Deficiency Coronovirus State and Local Funds – Allowable Cost/Activity/Period of Performance 2024-002 Information on Federal Program: U.S. Department of Treasury (Federal Assistance Listing Number 21.027). Criteria: CFR Section 200.302 stipulates that a non-Federal entity must use its own written procedures for determining the allowability of costs in accordance with Supart E-Cost Principles of this part and the terms and conditions of the Federal award. Statement of Condition: During our discussions with management, we noted that the Organization does not have documented internal procedures in place. Statement of Cause: The Organization did not review compliance requirements related to allowable cost outlined in 2 CFR Section 200.302. Statement of Effect: The Organization is not in compliance with 2 CFR Section 200.302. The Organization does not have documented procedures and is therefore not performing required procedures that would be standard for all purchases charged to the program. Questioned Costs: None. Perspective Information: As part of the required allowable cost testing, inquiries are made of the Organization’s management as to any internal control policies that the Organization has. Recommendation: We recommend that the Organization review the requirements of 2 CFR Section 200.302 to develop internal control policies to be followed. Views of responsible officials and planned corrective actions: City of Aledo will develop and implement a internal control policy in accordance with CFR Section 200.302. We will have this in place as soon as possible.