FAC Explorer

Audit 371121

FY End
2024-12-31
Total Expended
$911,922
Findings
1
Programs
4
Organization: City of Cripple Creek (CO)
Year: 2024 Accepted: 2025-10-21
Auditor: RUBINBROWN LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1161129 2024-002 Material Weakness Yes A

Programs

ALN Program Spent Major Findings
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $340,020 Yes 1
20.507 FEDERAL TRANSIT FORMULA GRANTS $288,409 Yes 0
15.437 MINERALS LEASING ACT $195,888 Yes 0
20.205 HIGHWAY PLANNING AND CONSTRUCTION $87,605 Yes 0

Contacts

Name Title Type
H6HMWB1G3MK6 Monet Edwards Auditee
7196892502 Russell White Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Cripple Creek, Colorado (the City) for the year ended December 31, 2024 and is presented on the modified accrual basis of accounting, which is described in Note 1 to the financial statements of the City. All federal awards received directly from federal agencies, as well as federal awards passed through other governmental agencies, are included on the schedule. The information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles and Audit Requirements for Federal Awards (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.\
The City has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.

Finding Details

Finding 2024-002
Finding 2024-002 Significant Deficiency, Inaccurate Schedule Of Expenditures Of Federal Awards Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance) provides guidance related to preparation and reporting of the Schedule of Expenditures of Federal Awards (the SEFA). 2 CFR Section 200.100 identifies the required elements of the SEFA, and 2 CFR Section 200.510 specifically requires that the SEFA include information on each federal award expended during the year. The City is required to prepare a complete and accurate SEFA and to have a system of internal controls, the design and operation of which allows management or employees in the normal course of performing their assigned functions to prevent, or detect and correct, errors on a timely basis. Condition: The schedule was inaccurate, which led to two errors in the reporting of federal awards. The City did not include federal programs in the amount of $87,605, and the schedule also improperly identified one program with the incorrect assistance listing number, the result of which excluded expenditures from a major program. Cause: The personnel responsible for the preparer and reviewer functions for the grant tracking and reporting process for the year are new to the role and therefore did not have a full understanding of all grant programs and related reporting. This resulted in the errors noted above. Effect: As a result of the errors, the SEFA that was originally presented was incorrect. Inaccurate identification of federal awards may also result in inaccurate identification of compliance requirements, risk assessments, major program determination, materiality determinations and reporting errors. Questioned Costs: None Context: N/A Identification As A Repeat Finding: N/A Recommendation: The City should strengthen its internal controls by implementing additional review processes of its grant programs to ensure the SEFA accurately reflects federal expenditures for the fiscal year. Views Of Responsible Officials And Planned Corrective Action: The City agrees with the finding and has created a corrective action plan for the finding. See the corrective action plan included in this report.