FAC Explorer

Audit 407893

FY End
2025-06-30
Total Expended
$2.92M
Findings
3
Programs
2
Organization: CITY OF PETERSBURG (WV)
Year: 2025 Accepted: 2026-07-24
Auditor: DAVID L HOWELL CPA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1224632 2025-004 Material Weakness Yes P
1224633 2025-004 Material Weakness Yes P
1224634 2025-004 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
10.760 WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES $1.46M Yes 1
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $245,020 Yes 1

Contacts

Name Title Type
QEHFR2TDDMM5 Cing Huai Auditee
3042574944 David Howell, CPA 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 Peters burg (the "City") 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 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 Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City.
Expenditures reported on the Schedule are reported on the 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.
The City elected to use the 15 percent de minimis indirect cost rate allowed under Uniform Guidance.
The City had the following loan balances outstanding at June 30, 2025: $1,457,912

Finding Details

Finding 2025-004
2025-004 UNIFORM GUIDANCE AUDIT SUBMISSION CONDITION: The City of Petersburg failed to meet the audit submission deadline as set forth in the Uniform Guidance section 200.512 “Report Submission”. CRITERIA: Uniformed Guidance section 200.512 states in part: “...the audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period...” CAUSE: The City does not have adequate internal controls in place to ensure that the year-end financial statements were prepared, in their entirely, in a timely manner. EFFECT: Because of the failure to have the year-end financial statements prepared in a timely manner, the City failed to meet the required audit submission deadline set forth in the Uniform Guidance. QUESTIONED COSTS: Not Applicable REPEAT FINDING No PRIOR YEAR FINDING NUMBER N/A RECOMMENDATION: We recommend the City develop and adopt controls to ensure that their financial statements are prepared in a timely manner after year-end. VIEW OF RESPONSIBLE OFFICIALS AND PLANNED CORRECTIVE ACTIONS: The City will work to develop and adopt controls to ensure that the year-end financial statements are prepared in a timely manner so as to facilitate a timely audit submission as set forth in the Uniform Guidance.