FAC Explorer

Audit 390160

FY End
2025-06-30
Total Expended
$1.27M
Findings
2
Programs
2
Organization: City of Sundance Wyoming (WY)
Year: 2025 Accepted: 2026-03-03
Auditor: LEO RILEY AND CO CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1176342 2025-002 Material Weakness Yes P
1176343 2025-002 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $130,426 Yes 1
10.664 COOPERATIVE FORESTRY ASSISTANCE $9,758 Yes 0

Contacts

Name Title Type
FEFZRJ7S13G8 Theresa Curren Auditee
3072833451 Wesley Paul Stille Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Sundance is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amount presented in, or used in the preparation of the basis financial statements. The City has not used the de minimis 10% indirect cost rate (15% for awards made on or after October 1, 2025).
The City receives funds under various federal grant programs and such assistance is to be expended in accordance with the provisions of the various grants. Compliance with the grants is subject to audit by various government agencies which may impose sanctions in the event of noncompliance. Management believes that they have complied with all aspects of the various grant provisions and the results of adjustment, if any, relating to such audits would not have a material impact.
The City provided no funds to subrecipients during the year.

Finding Details

Finding 2025-002
Separation of Duties Criteria: An effective internal control structure of an organization will include procedures and actions to: 1. Protect its assets against theft and waste. 2. Ensure compliance with the organization's policies, procedures and statutory requirements. 3. Evaluate the performance of personnel to promote efficient operations. 4. Ensure accurate and reliable operating and accounting data. Separation of duties requires that someone other than the employee responsible for safeguarding the asset must maintain the accounting records for that asset. When an organization separates duties of the employees, it minimizes the probability of an error or irregularity occurring and not being timely detected. Condition: Due to the small size of the accounting department of the City, the possibility of adequate separation of duties over certain transaction cycles is limited. Recommendation: While we recognize that it is impractical for the City to achieve complete separation of duties over all transaction cycles within the City, it is important that the Council be aware of the chance of errors and irregularities not being timely detected is elevated. Auditee Response: The City has separated duties to the extent possible and has implemented compensating controls to monitor the accounting activities.