FAC Explorer

Audit 380755

FY End
2025-06-30
Total Expended
$3.18M
Findings
1
Programs
3
Organization: City of Humboldt (IA)
Year: 2025 Accepted: 2026-01-12
Auditor: TP ANDERSON & COMPANY PC CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1168717 2025-004 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
20.106 AIRPORT IMPROVEMENT PROGRAM, INFRASTRUCTURE INVESTMENT AND JOBS ACT PROGRAMS, AND COVID-19 AIRPORTS PROGRAMS $2.10M Yes 1
20.205 HIGHWAY PLANNING AND CONSTRUCTION $954,181 Yes 0
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $60,800 Yes 0

Contacts

Name Title Type
ED78F3YNJNN7 Cole Bockelmann Auditee
5153323435 Tim McCartan Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of the City of Humboldt under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in financial position or cash flows of the City.
The City of Humboldt did not pass through any federal funds to sub-recipients for the year ended June 30, 2025.

Finding Details

Finding 2025-004
Special Tests and Provision Criteria – The basic requirement for use of airport revenue is that all revenues generated by a public airport must be expended for the capital or operating costs of the airport and the local airport system. The City should have a proper written policy in regards to how airport revenue is to be spent. Condition – The City did not establish a written policy for the use of airport revenue. However, the City has established a separate set of general ledger accounts specifically to segregate airport revenues and expenses. While no written policy exists, the City has maintained proper tracking to ensure revenue is spent according to the terms and conditions of the grant. Cause – The City’s management was not aware that they needed to have a written policy regarding airport revenue. Effect – The City is not in compliance with Federal regulations pertaining special tests and provisions as required by the Uniform Guidance. Recommendation – The City should establish a written policy for the use of airport revenue. Corrective Action – The City will establish a written policy for the use of airport revenue. Conclusion – Response accepted