FAC Explorer

Audit 374715

FY End
2025-06-30
Total Expended
$1.24M
Findings
2
Programs
3
Organization: City of Parchment (MI)
Year: 2025 Accepted: 2025-12-15
Auditor: SIEGFRIED CRANDALL PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1164858 2025-002 Material Weakness Yes I
1164859 2025-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
10.760 Water and Wastewater Disposal Systmes for Rural Communities $1.05M Yes 2
66.818 ASSESSMENT /CLEAN UP/MULTIPURPOSE FOR EWDJT $161,392 Yes 0
21.027 COVID-19 - Coronavirus State and Local Fiscal Recovery Funds $31,891 Yes 0

Contacts

Name Title Type
PB9EP59K6CD4 Shannon Stutz Auditee
2694923262 Josh Gabrielse Auditor
No contacts on file

Notes to SEFA

The City was approved by the United States Department of Agriculture to receive loans totaling $2,571,000 to improve the City’s wastewater system. The amount listed for these loans includes the proceeds received and used during the year. As of June 30, 2025, the City has drawn $1,661,055 on the loans. The loans are also reported on the City’s schedule of long-term debt in Note 7 to the financial statements.

Finding Details

Finding 2025-002
The City had appropriate procedures for procurement to conform to the requirements in the Uniform Guidance but did not have its policy in a written form.
Finding 2025-001
Material audit adjustment. Criteria: All governmental units in Michigan are required to prepare financial statements in accordance with generally accepted accounting principles (GAAP). This is the responsibility of management. The preparation of financial statements in accordance with GAAP requires internal controls over both (1) recording, processing, and summarizing accounting data (i.e., maintaining internal accounting records), and (2) reporting government-wide and fund financial statements, including the related notes to the financial statements (i.e., external financial reporting).