FAC Explorer

Audit 38409

FY End
2022-12-31
Total Expended
$1.02M
Findings
2
Programs
2
Organization: Village of Reedsville (WI)
Year: 2022 Accepted: 2023-05-08
Auditor: Hawkins Ash CPAS LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
41763 2022-004 Material Weakness - B
618205 2022-004 Material Weakness - B

Programs

ALN Program Spent Major Findings
10.760 Water and Waste Disposal Systems for Rural Communities $979,233 Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $42,043 - 0

Contacts

Name Title Type
GEMTX38RHZ33 Mary Jo Krahn Auditee
9207544371 Randall L. Miller Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on this schedule are reported ont he modified accrual basis of accounting. 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The schedule of expenditure of federal awards include the federal grant activity. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amount presented in or used in the preparation of the financial statements.

Finding Details

Finding 2022-004
2022-004 ? Federal Award Finding Program: Water and Waste Disposal Systems for Rural Communities. Criteria: Uniform Guidance. Condition: A material journal entry was required to prevent the Schedule of Expenditures of Federal Awards from being misstated. Questioned Costs: $195,459.45. Context: Internal controls did not identify the double payment of expenses. Effect: This weakness resulted in double payment on some expenses. Information: Isolated instance. Prior Year Finding: This was not a prior year audit finding. Recommendation: Improve the Village?s invoice processing internal controls to prevent these types of double payments from occurring in the future. Arrange for repayment of overpaid grant funds to the USDA. Management?s Response: The Village will maintain a spreadsheet of individual amounts claimed and paid by category and vendor to prevent expense from being claimed more than once.
Finding 2022-004
2022-004 ? Federal Award Finding Program: Water and Waste Disposal Systems for Rural Communities. Criteria: Uniform Guidance. Condition: A material journal entry was required to prevent the Schedule of Expenditures of Federal Awards from being misstated. Questioned Costs: $195,459.45. Context: Internal controls did not identify the double payment of expenses. Effect: This weakness resulted in double payment on some expenses. Information: Isolated instance. Prior Year Finding: This was not a prior year audit finding. Recommendation: Improve the Village?s invoice processing internal controls to prevent these types of double payments from occurring in the future. Arrange for repayment of overpaid grant funds to the USDA. Management?s Response: The Village will maintain a spreadsheet of individual amounts claimed and paid by category and vendor to prevent expense from being claimed more than once.