FAC Explorer

Audit 371892

FY End
2023-06-30
Total Expended
$1.53M
Findings
2
Programs
6
Organization: Town of Louisburg (NC)
Year: 2023 Accepted: 2025-11-06
Auditor: PBMARES LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1162025 2023-012 Material Weakness Yes L
1162026 2023-012 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
10.766 COMMUNITY FACILITIES LOANS AND GRANTS $200,000 Yes 0
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $105,253 Yes 0
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $89,250 Yes 1
66.818 BROWNFIELDS MULTIPURPOSE, ASSESSMENT, REVOLVING LOAN FUND, AND CLEANUP COOPERATIVE AGREEMENTS $50,741 Yes 0
16.738 EDWARD BYRNE MEMORIAL JUSTICE ASSISTANCE GRANT PROGRAM $23,488 Yes 0
20.205 HIGHWAY PLANNING AND CONSTRUCTION $22,523 Yes 0

Contacts

Name Title Type
WKFAPMA8DW68 Sean Medlin Auditee
9194963406 Robert Bittner Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal and State awards (SEFSA) includes the federal and State grant activity of the Town of Louisburg under the programs of the federal government and the State of North Carolina for the year ended June 30, 2022. The information in this SEFSA is presented in accordance with Title 2 US code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations for the Town of Louisburg, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Town.
Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Town of Louisburg has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-012
The Town was required to file annual reports detailing the expenditure projects which made up the reimbursable costs of the program. This was required even though the Town correctly elected to use the revenue replacement alternative of up to $10,000,000. The Town only filed one report in June of 2024, and accordingly, it did not file a report for the 2023 fiscal year resulting in the Town missing the reporting requirement for that year. Additionally, while the report filed in June 2024 had the correct category of revenue replacement elected on the report, the expenditures on the report were not the correct project expenditures approved by the Town Board Instead, the project expenditures reported had not been approved by the Town Board and should not have been used for reporting. Thus, the expenditures originally elected to be used by the Town were not correctly reported. As this effects only the reporting of the expenditures and not the election of the revenue replacement alternative, the Town, under the applicable criteria noted above, can file a corrected report prior to the end of the program.