FAC Explorer

Audit 399957

FY End
2025-06-30
Total Expended
$2.27M
Findings
1
Programs
1
Organization: City of Stover (MO)
Year: 2025 Accepted: 2026-04-28
Auditor: MILES CPA & ASSOCIATES LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1210662 2025-001 Material Weakness Yes A

Programs

ALN Program Spent Major Findings
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $2.27M Yes 1

Contacts

Name Title Type
KHDRPF7NLEW6 Jennifer Hicks Auditee
5733774510 Mary Miles 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 City of Stover, Missouri, under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Adminstractive Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City of Stover, Missouri, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City of Stover, Missouri.
'Expenditures reported on the Schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherin certain types of expenditures are not allowable or are limited as to reimbursement.
'The City of Stover, Missouri, has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The City of Stover, Missouri did not provide any federal awards to subrecipients.

Finding Details

Finding 2025-001
Criteria – Management is responsible for establishing and maintaining effective internal control over financial reporting. Condition – The City of Stover, Missouri’s financial statements required adjusting journal entries for financial statement presentation in accordance with the modified cash basis of accounting. The areas in which adjustments were proposed, including those which management recorded, include fixed assets and debt. Effect – Inaccurate financial statements. Cause – The above adjustments were made as part of the audit process. Recommendation – Management should modify year-end closing procedures to ensure that the controls in place are sufficient to assure all accounts are presented in accordance with the modified cash basis of accounting. Management response – The city agrees with this finding and continue to work on improving controls.