FAC Explorer

Audit 407431

FY End
2025-12-31
Total Expended
$7.00M
Findings
1
Programs
17
Organization: City of Lakewood (CO)
Year: 2025 Accepted: 2026-07-20
Auditor: EIDE BAILLY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1224021 2025-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
20.205 HIGHWAY PLANNING AND CONSTRUCTION $3.80M Yes 1
93.600 HEAD START $620,461 Yes 0
15.916 OUTDOOR RECREATION ACQUISITION, DEVELOPMENT AND PLANNING $378,344 Yes 0
93.044 SPECIAL PROGRAMS FOR THE AGING, TITLE III, PART B, GRANTS FOR SUPPORTIVE SERVICES AND SENIOR CENTERS $315,839 Yes 0
20.513 ENHANCED MOBILITY OF SENIORS AND INDIVIDUALS WITH DISABILITIES $231,215 Yes 0
93.575 CHILD CARE AND DEVELOPMENT BLOCK GRANT $169,865 Yes 0
97.067 HOMELAND SECURITY GRANT PROGRAM $124,613 Yes 0
16.738 EDWARD BYRNE MEMORIAL JUSTICE ASSISTANCE GRANT PROGRAM $118,853 Yes 0
93.958 BLOCK GRANTS FOR COMMUNITY MENTAL HEALTH SERVICES $104,545 Yes 0
20.600 STATE AND COMMUNITY HIGHWAY SAFETY $80,561 Yes 0
20.616 NATIONAL PRIORITY SAFETY PROGRAMS $73,265 Yes 0
10.558 CHILD AND ADULT CARE FOOD PROGRAM $30,351 Yes 0
97.039 HAZARD MITIGATION GRANT $30,151 Yes 0
14.218 COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS $20,293 Yes 0
45.025 PROMOTION OF THE ARTS PARTNERSHIP AGREEMENTS $20,000 Yes 0
16.543 MISSING CHILDREN'S ASSISTANCE $12,055 Yes 0
20.601 ALCOHOL IMPAIRED DRIVING COUNTERMEASURES INCENTIVE GRANTS I $6,536 Yes 0

Contacts

Name Title Type
V1L8TD75JRQ5 Peggy Starr Auditee
3039877664 Paul Kane Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards is presented in accordance with the requirements of OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, using the accrual basis of accounting. Therefore, some amounts presented in this scheduThe accompanying schedule of expenditures of federal awards includes the federal award activity of the City of Lakewood (the City) under programs of the federal government for the year ended December 31, 2025. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position or fund balance, or cash flows of the City.e may differ from amounts presented in the financial statements
Expenditures reported in the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal financial assistance has been provided to a subrecipient.
The City has not elected to the de minimis cost rate up to 15%
The City received supplies that were purchased with State Homeland Security Program (SHSP) funds by Arapahoe County. The amount reported on the schedule is the value of the property on the date it was received by the City of Lakewood and priced by Arapahoe County.
The City received equipment that was purchased with Federal Homeland Security funds by the City and County of Denver, Office of Emergency Management in 2023. This equipment is still held by the City of Lakewood with a net book value of $77,970, as of 12/31/25.
The City received equipment that was purchased with State Homeland Security Program (SHSP) funds by Arapahoe County in 2025. The amount reported on the Schedule is the value of the property on the date it was received by the City of Lakewood and priced by Arapahoe County.

Finding Details

Finding 2025-001
Based on audit procedures performed as of December 31, 2025, we identified an instance in which an invoice relating to goods/services received prior to year-end was not fully accrued. As a result, accounts payable and expenditures were understated by approximately $119,124 in the financial statements.