FAC Explorer

Audit 408787

FY End
2024-09-30
Total Expended
$2.63M
Findings
5
Programs
4
Organization: North Bay Village (FL)
Year: 2024 Accepted: 2026-08-10
Auditor: CBIZ CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1226111 2024-003 Material Weakness Yes L
1226112 2024-003 Material Weakness Yes L
1226113 2024-003 Material Weakness Yes L
1226114 2024-003 Material Weakness Yes L
1226115 2024-003 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $2.26M Yes 1
20.205 HIGHWAY PLANNING AND CONSTRUCTION $170,604 Yes 1
16.922 EQUITABLE SHARING PROGRAM $70,840 Yes 1
16.607 BULLETPROOF VEST PARTNERSHIP PROGRAM $14,265 Yes 1

Contacts

Name Title Type
MJXPWHNYB1L5 Mayte Gamiotea Auditee
3057567171 Branden Lopez Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the North Bay Village (the “Village”) for the fiscal year ended September 30, 2024. 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 Village, it’s not intended to and does not present the financial position, changes in net position/fund balance or cash flows of the Village.
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 Village has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-003
Criteria 2 CFR Section 200.512(a) requires the reporting package and DCF to be submitted to the Federal Audit Clearinghouse the earlier of thirty calendar days after the reports are received from the auditor or nine months after the end of the audit period. Condition Due to the delay in financial close of the Village’s books and records, a federal single audit for fiscal year 2024 was not performed in a timely manner and the DCF was not submitted by its due date of June 30, 2025. The UG requires the reporting package and DCF to be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from the auditor or nine months after the City's year end. Cause Due to significant turnover in the Village’s finance department, there was a lack of timely reviews of account reconciliations and schedules for year-end closing procedures which ultimately delayed the completion of the audit. Effect The Village is not in compliance with 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Recommendation Management should implement policies to ensure timely financial reporting and ensure the timely completion of an audit. View of Responsible Official and Planned Corrective Action See accompanying Corrective Action Plan.