FAC Explorer

Audit 394781

FY End
2025-09-30
Total Expended
$2.01M
Findings
1
Programs
1
Organization: Marshall Municipal Utilities (MO)
Year: 2025 Accepted: 2026-03-26
Auditor: GERDING KORTE & CHITWOOD PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1187064 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
10.752 RURAL ECONNECTIVITY PILOT PROGRAM (B, E) $2.01M Yes 1

Contacts

Name Title Type
QAKZMC9C4837 Tony Bersano Auditee
6608866966 Jeffrey Chitwood Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Municipal Utilities under programs of the federal government for the year ended September 30, 2025. The information in this Schedule is presented in accordance with 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 Municipal Utilities, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Municipal Utilities. The Uniform Guidance requires a schedule that provides total federal awards expended for each federal program and the Catalog of Federal Domestic Assistance (CFDA) number or other identifying number when the CFDA information is not available.
The Schedule includes all federal awards administered by Marshall Municipal Utilities, Missouri.
OMB Compliance Supplement includes these definitions, which govern the contents of the Schedule:
Federal financial assistance means assistance that non-Federal entities receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food, commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursement for services rendered to individuals.
Federal award means Federal financial assistance and Federal cost-reimbursement contracts that non-Federal entities receive directly from Federal awarding agencies or indirectly from pass-through entities. It does not include procurement contracts, under-grants or contracts, used to buy goods or services from vendors.
Accordingly, the Schedule includes expenditures of both cash and noncash awards.
Expenditures reported on the Schedule are reported on the generally accepted accounting principles, which is described in Note 1 to the Municipal Utilities’s basic financial statements.
The Municipal Utilities has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Subrecipients - The Municipal Utilities provided no federal awards to subrecipients during the year ended September 30, 2025.

Finding Details

Finding 2025-001
Uniform Guidance Audit Submission Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Subpart F, §.512, requires the Municipal Utilities to submit its single audit reporting package to the federal audit clearinghouse no later than 9 months after fiscal year-end. Condition and Context: The federal reporting deadline for the Municipal Utilities’s single audit reporting package was June 30, 2025; however, the Municipal Utilities did not submit the audit reporting package within that time frame. Effect: The late submission affects all federal programs the Municipal Utilities administered; however, this finding does not result in noncompliance for the individual federal programs, as this was not caused by the programs’ administration. Cognizant and oversight agencies could not review the audit in a timely fashion.Cause: The Municipal Utilities’s audit report was delayed due to a component unit’s audit report. Repeat Finding: No Questioned Costs: Unknown Prevalence: Isolated instance Recommendation: The Municipal Utilities should submit its single audit reporting package to the federal audit clearinghouse no later than 9 months after fiscal year-end. View of Responsible Officials & Planned Corrective Action: Marshall Municipal Utilities will implement procedures to ensure timely submission of the Single Audit reporting package. MMU will work with auditors to track all federal reporting deadlines, and responsibility for monitoring and submitting the report is assigned to the Controller. Management will monitor the audit timeline to ensure submission occurs within the required nine-month deadline.