FAC Explorer

Audit 378515

FY End
2024-12-31
Total Expended
$1.69M
Findings
1
Programs
6
Organization: MUNICIPALITY OF PARKSTON (SD)
Year: 2024 Accepted: 2025-12-31
Auditor: SCHOENFISH & CO INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1167426 2024-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $1.22M Yes 1
97.039 HAZARD MITIGATION GRANT $91,040 Yes 0
20.106 AIRPORT IMPROVEMENT PROGRAM, INFRASTRUCTURE INVESTMENT AND JOBS ACT PROGRAMS, AND COVID-19 AIRPORTS PROGRAMS $40,682 Yes 0
39.003 DONATION OF FEDERAL SURPLUS PERSONAL PROPERTY $4,687 Yes 0
21.019 CORONAVIRUS RELIEF FUND $2,196 Yes 0
45.310 GRANTS TO STATES $2,064 Yes 0

Contacts

Name Title Type
DXLXXJL3N3M8 Austin Tilton Auditee
6059283321 Randy Schoenfish Auditor
No contacts on file

Notes to SEFA

Expenditures reported on the Schedule are reported on the modified cash basis of accounting for. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Municipality has elected to use the 15% de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
The entity did not have adequate internal controls to ensure the timely and accurate reporting of SLFRF expenditures and did not fully comply with federal reporting requirements. Specifically: • The required Annual March 31, 2023 P&E Report was not filed. • The Annual March 31, 2024 P&E Report was submitted after the deadline established by the U.S. Department of the Treasury. • The Annual March 2024 and March 2025 P&E Reports also inaccurately reported SLFRF expenditures, with the same funds classified under both the "Revenue Replacement" category and as being associated with specific capital or infrastructure projects, which are mutually exclusive reporting categories under SLFRF guidance.