Audit 384481

FY End

2024-11-30

Total Expended

$1.98M

Findings

1

Programs

1

Organization: Kootenai County Water District No. 1 (ID)

Year: 2024 Accepted: 2026-01-29

Auditor: ALPINE SUMMIT CPAS

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
1171085	2024-001	Material Weakness	Yes	P

ALN	Program	Spent	Major	Findings
21.027	CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS	$1.98M	Yes	1

Contacts

Name	Title	Type
PMLAJ63VTS66	Claudie Gough	Auditee
2086670340	Christina Laurie	Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Kootenai County Water District No. 1(the Government) under programs of the federal government for the year ended November 30, 2024. The information on this Schedule is prepared 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 Government, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Government.

Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. Pass-through entity identifying numbers are presented where available.

The Government has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-001

2024-001 - Untimely Audit Completion Condition The District did not have their fiscal year 2024 financial statement audit or fiscal year 2024 Single Audit completed within the required nine-month time frame. Criteria Per Idaho State Statute 67-450B, a local government entity whose annual expenditures (from all sources) exceeds two hundred fifty thousand dollars ($250,000) in a fiscal year shall cause a full and complete audit of its financial statements to be made each fiscal year. The entity shall file a completed audit report with the legislative services office within nine months after the end of the audit period. Additionally, Under Uniform Guidance (2 CFR 200.512), auditees that expend $750,000 or more in federal awards during the fiscal year must have a Single Audit conducted. The reporting package, including both the financial statements and the Single Audit, must be submitted to the Federal Audit Clearinghouse (FAC) within nine months after the end of the audit period. Cause The District was unfamiliar with the Single Audit requirements, including the nine-month submission deadline. Fiscal year 2024 was the District’s first year requiring a Single Audit, and District personnel were unaware that the Single Audit followed the same statutory and federal timing requirements as the financial statement audit. As a result, necessary preparations and documentation for the Single Audit were not initiated early enough to meet the required deadline. Effect of Condition There is no financial effect of this deficiency; it is a State compliance issue only. Additionally, failure to submit the Single Audit within the required timeframe constitutes noncompliance with federal Uniform Guidance and may affect future federal funding or the District’s eligibility for certain grants. Recommendation We recommend the District obtain an understanding of Single Audit requirements related to timing, documentation expectations, and reporting obligations and incorporate these deadlines into its annual financial and compliance reporting calendar. Ensuring that key staff are aware of federal requirements will help the District meet future Single Audit deadlines.