FAC Explorer

Audit 407971

FY End
2025-12-31
Total Expended
$3.58M
Findings
1
Programs
1
Organization: Dakota Valley Electric Cooperative, INC (ND)
Year: 2025 Accepted: 2026-07-27
Auditor: BRADY MARTZ PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1224751 2025-002 Material Weakness Yes AB

Programs

ALN Program Spent Major Findings
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $3.58M Yes 1

Contacts

Name Title Type
RCBAS5M6E3Y1 Kristin Syverson Auditee
7014932281 Matt Laughlin Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Dakota Valley Electric Cooperative, Inc. and Subsidiary under programs of the federal government for the year ended December 31, 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 operations of Dakota Valley Electric Cooperative, Inc. and Subsidiary, it is not intended to and does not present the financial position, change in net equities, or cash flows of the Dakota Valley Electric Cooperative, Inc. and Subsidiary.
Pass-through entity identifying numbers are presented where available.
Expenditures of $3,578,210 recorded on the Schedule were incurred in prior years.

Finding Details

Finding 2025-002
Federal Program Disaster Grants – Public Assistance (AL #97.036) Federal Award Number and Year – FEMA-4760-DR, 2024 Activities Allowable or Unallowable and Allowable Costs/Cost Principals Other Matters and Significant Deficiency Criteria FEMA provides Public Assistance funding for mileage based on the lower of either the local rate or the FEMA rate. Condition During testing we noted that Dakota Valley Electric Cooperative, Inc. and Subsidiary used a higher rate than the FEMA rate when charging mileage to the program. Question Costs None Context In a population of over 250, a sample of 40 transactions were tested. In this sample, one transaction was charging mileage to the program. We noted during testing that Dakota Valley Electric Cooperative, Inc. and Subsidiary used a local rate that was higher than the FEMA rate. Cause Management oversight Effect Dakota Valley Electric Cooperative, Inc. and Subsidiary charged unallowed expenses to this grant. Repeat Finding New finding Recommendation Dakota Valley Electric Cooperative, Inc. and Subsidiary should implement policies and procedures to ensure they use a mileage rate that is allowed under federal requirements. Views of the Responsible Officials Dakota Valley Electric Cooperative, Inc. and Subsidiary agrees with the recommendation.