FAC Explorer

Audit 38968

FY End
2022-06-30
Total Expended
$1.14M
Findings
2
Programs
4
Organization: Boyd County Nebraska (NE)
Year: 2022 Accepted: 2023-03-28
Auditor: Romans Wiemer & Associates

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
41911 2022-003 Material Weakness Yes P
618353 2022-003 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $1.00M Yes 1
20.205 Highway Planning and Construction $134,663 - 0
93.563 Child Support Enforcement $2,000 - 0
20.600 State and Community Highway Safety $1,082 - 0

Contacts

Name Title Type
PPEHKPLBL723 Tracy Reiser Auditee
4027752391 Gayle Steiger Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal award activity of Boyd County and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). NOTE 2 Indirect Costs Boyd County did not elect to use the 10% de minimis indirect cost rate allowed when computing the amounts in the schedule of expenditures of federal awards. NOTE 3 Timing of Reimbursements Many of Boyd Countys federal awards are received on a reimbursement basis. This can cause a timing difference between the fiscal year in which the disbursement for a program is made and the fiscal year in which the award is received. The following disbursements were made during the fiscal year ended June 30, 2022, but reimbursement had not been received during the same year. CFDA# 97.036 $ 207,426 CFDA# 93.563 $ 964 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-003
MATERIAL WEAKNESS 2022-003 Internal Control Structure Design Program: Disaster Grants ? Public Assistance CFDA# 97.036 Condition: Adequate personnel are not available to assign responsibilities in such a way that different employees handle different parts of the same transaction. Cause: County has limited Number of personnel. Criteria: Internal controls should be in place that provides reasonable assurance that authorization or approval of transactions, recording of transactions, and custody of assets are segregated activities. Effect: Due to the absence of segregation of duties, the level of risk that errors or irregularities, material in relation to the financial statements, may occur and not be detected within a timely period by the employees, in the normal course of performing their assigned functions, has not been reduced to a relatively low level. Recommendation: While considering the cost of any benefits derived, activities should be segregated and handled by different employees. Questioned Costs: $0.00 Grantee Response/Corrective Action Plan: The cost of implementing a complete set of controls far outweighs the benefits derived by such. It is not financially feasible to have a complete set of controls.
Finding 2022-003
MATERIAL WEAKNESS 2022-003 Internal Control Structure Design Program: Disaster Grants ? Public Assistance CFDA# 97.036 Condition: Adequate personnel are not available to assign responsibilities in such a way that different employees handle different parts of the same transaction. Cause: County has limited Number of personnel. Criteria: Internal controls should be in place that provides reasonable assurance that authorization or approval of transactions, recording of transactions, and custody of assets are segregated activities. Effect: Due to the absence of segregation of duties, the level of risk that errors or irregularities, material in relation to the financial statements, may occur and not be detected within a timely period by the employees, in the normal course of performing their assigned functions, has not been reduced to a relatively low level. Recommendation: While considering the cost of any benefits derived, activities should be segregated and handled by different employees. Questioned Costs: $0.00 Grantee Response/Corrective Action Plan: The cost of implementing a complete set of controls far outweighs the benefits derived by such. It is not financially feasible to have a complete set of controls.