FAC Explorer

Audit 383371

FY End
2025-04-30
Total Expended
$896,899
Findings
3
Programs
1
Organization: Village of Moweaqua (IL)
Year: 2025 Accepted: 2026-01-22
Auditor: MCGUIRE YUHAS HUFFMAN & BUCKLEY PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1170270 2025-003 Material Weakness Yes L
1170271 2025-004 Material Weakness Yes L
1170272 2025-005 Material Weakness Yes I

Programs

ALN Program Spent Major Findings
66.468 DRINKING WATER STATE REVOLVING FUND $896,899 Yes 3

Contacts

Name Title Type
ZKEPVRJJNK24 Beth Hawn Auditee
2177683036 Kevin Buckley Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all federal award programs of the Village of Moweaqua for the year ended April 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). The Village financial reporting entity, as defined in Note 1 to the financial statements, consists of the activities of the Village of Moweaqua, which has no component units. The Schedule includes all federal awards received directly from federal agencies as well as federal financial awards passed through other agencies. Because the Schedule presents only a selected portion of the operations of the Village of Moweaqua, it is not intended to and does not present the financial position, changes in financial position or cash flows of the Village of Moweaqua.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. Under these principles, certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. Under the accrual basis of accounting, revenues are recognized and recorded in the programs when earned, and expenditures are recognized when a liability is incurred.
The Village has elected to use the de minimis 10% indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards reflects federal expenditures for all individual grants which were active during the year. The categorization of expenditures by program included in the schedule is based on the Assistance Listing Numbers. Changes in the categorization of expenditures occur based on revisions to the assistance listing. When preparing the Schedule of Expenditures of Federal Awards, the Village uses the most current information available from grantors and pass-through entities to determine whether funding is state or federal.
The Village owed $0 to the IEPA for federally funded loan L176290 as of April 30, 2025, as all principal has been forgiven as of April 30, 2025.

Finding Details

Finding 2025-003
Criteria: Maintain adequate internal controls, including segregation of duties, in order to record, process, summarize and report financial data consistent with the assertions of management in the financial statements. Condition: Lack of segregation of duties. Cause: Due to the size of the organization, there is a limited number of accounting staff. Effect: Could adversely affect the Village’s ability to record, process, summarize and report financial data consistent with the assertions of management in the financial statements. Recommendation: Segregation of duties needs to be increased whenever possible with the personnel available. Response: The Village has segregated as many duties as possible given the small accounting staff.
Finding 2025-004
Criteria: Compliance with required financial reporting and disclosures. Condition: Lack of adequate internal control over financial reporting. Cause: Due to the size of the organization, there is no staff with sufficient expertise to ensure compliance with all required financial reporting and disclosures. Effect: Could adversely affect the Village’s assurance that financial reporting including the preparation of the Schedule of Expenditures of Federal Awards, is in accordance with the accrual basis of accounting. Recommendation: Obtain necessary expertise. Response: It is not cost effective to do so.
Finding 2025-005
Criteria: Compliance with Federal Government requirement as outlined in Appendix II to 2 CFR Part 200, “Contract Provisions for Non-Federal Entity Contracts Under Federal Awards” to include provisions (G) Clean Air Act and the Federal Water Pollution Control Act and (I) Byrd Anti-Lobbying Amendment in the Village’s agreement with contractors. Condition: The Village made payments to one contractor whose contract agreement did not include provisions (G) and (I) mentioned above. Cause: Village staff was unaware of the need to include these provisions. Effect: Contractors may not be held accountable for noncompliance with these provisions. Recommendation: Future contracts should include these provisions. Response: At the time of receiving this finding, the Village has substantially completed the project for which payments were made to contractors under the contract mentioned above. The Village will include these provisions in future contracts for which payments of federal awards will be made.