FAC Explorer

Audit 402946

FY End
2024-12-31
Total Expended
$4.63M
Findings
3
Programs
2
Organization: Consolidated Public Water Supply District No 1 of Clark County Mo (MO)
Year: 2024 Accepted: 2026-06-03
Auditor: HARDEN CUMMINS MOSS & MILLER LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1216433 2024-001 Material Weakness Yes P
1216434 2024-002 Material Weakness Yes P
1216435 2024-003 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
66.468 DRINKING WATER STATE REVOLVING FUND $4.06M Yes 3
10.760 WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES $566,699 Yes 0

Contacts

Name Title Type
RY4ABYH8MZM8 Debbie Campbell Auditee
6607271411 Susan L Reed Auditor
No contacts on file

Notes to SEFA

This Schedule is prepared on the same basis of accounting as the Consolidated Public Water Supply District No. 1 of Clark County, Missouri’s financial statements and is presented in accordance with the Uniform Guidance (2CFR Part 200). The District’s basic financial statements are presented on the full accrual basis of accounting and conform to accounting principles generally accepted in the United States of America.
The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance as no indirect costs were allocated to the project.
The District was approved by the USDA Rural Development to receive loans totaling $2,453,000 to build a 75,000 gallon elevated tank, install a water main, improvements to a booster pump station and install a generator. Interim loan financing was received for the construction period. The construction loan amount included proceeds of $1,886,301 which were expended during 2023. The bonds were issued in March 2024 in the amount of $2,453,000. The construction note principal and interest was paid at that time. In 2024 the District was approved for Capitalization Grants-Drinking Water State Revolving Fund Loan for $2,674,660 for the expansion of the District’s water treatment plant.
Local cost sharing, as defined by the Office of Management and Budget Compliance Supplement and the Uniform Guidance, is required by certain federal grants. The amount of cost sharing varies with each program. Only the federal share of expenditures is presented in the Schedule.
Grantor agencies reserve the right to conduct additional audits of the District's grant programs for economy and efficiency and program results which may result in disallowed costs to the District. However, management does not believe such audits would result in any disallowed costs that would be material to the District's financial position at December 31, 2024.

Finding Details

Finding 2024-001
The District’s basic financial statements are presented on the full accrual basis of accounting and conform to accounting principles generally accepted in the United States of America. The costs for two pay applications were not recorded until the oversight agency and Board approval after year end. The time between the work performed and the pay application submitted and approved was two months after year-end.
Finding 2024-002
District clerk is responsible for receiving invoices and enters most receivable payments, reconciles accounts receivables and bank account statements. She also enters all journal entries and prepares all payments for signature, which are required to have 2 signatures. Although a full time office staff person was hired to assist with office and accounting duties, the auditee's current staffing levels and organizational structure contribute to the lack of adequate segregation of duties
Finding 2024-003
The Data Collection Form was not filed by the required deadline. There were extenuating circumstances and problems with the District’s accounting system software conversion that prevented timely completion of the audit. The data collection form was completed as soon as the financial records were reconciled and became auditable and information was available.