FAC Explorer

Audit 386001

FY End
2024-12-31
Total Expended
$1.28M
Findings
1
Programs
1
Organization: Town of Akron (CO)
Year: 2024 Accepted: 2026-02-06
Auditor: THE ADAMS GROUP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1172728 2024-001 Material Weakness Yes ABFGLN

Programs

ALN Program Spent Major Findings
20.106 AIRPORT IMPROVEMENT PROGRAM, INFRASTRUCTURE INVESTMENT AND JOBS ACT PROGRAMS, AND COVID-19 AIRPORTS PROGRAMS $1.28M Yes 1

Contacts

Name Title Type
CYUEP2BBFCA6 Gillian Laycock Auditee
9703077506 Eric Miller Auditor
No contacts on file

Notes to SEFA

The accompany Schedule of Expenditures of Federal Awards presents the activity of the federal financial assistance programs of the Town of Akron, Colorado (the Town) for the year ended December 31, 2024. The Town is a statutory Town in the State of Colorado incorporated in 1887.
The schedule of expenditures of federal awards 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 Town, it is not intended to and does not present the financial position of the operations of the Town, and it is not intended to and does not present the financial position of the Town.

Finding Details

Finding 2024-001
Material Weakness in Internal Control over Compliance - Performance and submission of Single Audit under Uniform Guidance. Single audit under the Uniform Guidance was not performed for fiscal year 2024 or submitted to the Federal Clearing House. Expenditure of federal awards over $750,000 in a fiscal year requires a single audit under Uniform Grant Guidance to be performed and submitted to the Federal Audit ClearingHouse. Town was not in compliance with federal requirements under the Uniform Guidance and Federal Audit Clearinghouse requirements.