FAC Explorer

Audit 374063

FY End
2024-06-30
Total Expended
$1.34M
Findings
1
Programs
5
Organization: Town of Bristol, Vermont (VT)
Year: 2024 Accepted: 2025-12-11
Auditor: RHR SMITH AND COMPANY

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1164491 2024-001 Material Weakness Yes C

Programs

ALN Program Spent Major Findings
66.468 DRINKING WATER STATE REVOLVING FUND $752,218 Yes 1
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $360,000 Yes 0
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $128,388 Yes 0
20.205 HIGHWAY PLANNING AND CONSTRUCTION $29,941 Yes 0
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $19,210 Yes 0

Contacts

Name Title Type
JMANQ31L8DU6 Greg Faust Auditee
8024532410 Nichol Solomon Auditor
No contacts on file

Notes to SEFA

The Town of Bristol, Vermont sub-granted the following federal awards during the fiscal year ended June 30, 2024.

Finding Details

Finding 2024-001
2024-001 - Cash Management Federal Program Information: EPA - Direct Award: ALN - 66.468 – Drinking Water State Revolving Funds Criteria: The following CFR(s) apply to this finding: 2 CFR Section 200.302(b)(6) Condition: During audit procedures, it was identified that the client did not have a written cash management policy. Cause: There was a change in personnel responsible for federal grants. Effect: Transactions could occur that did not comply with federal regulations. Identification of Questioned Costs: None identified. Context: The finding was based on requesting the Town’s written financial policies related to federal compliance and therefore was not the result of a statistical sample. Repeat Finding: This is not a repeat finding. Recommendation: It is recommended that the Unit implement internal control processes and procedures to ensure that policies are in compliance with federal regulations. Views of Responsible Officials and Corrective Action Plan: Please see the Corrective Action Plan issued by the Town of Bristol, Vermont.