FAC Explorer

Audit 409678

FY End
2025-06-30
Total Expended
$1.84M
Findings
2
Programs
6
Organization: CITY OF KING COVE (AK)
Year: 2025 Accepted: 2026-08-24
Auditor: ALTMAN ROGERS & CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1227712 2025-004 Material Weakness Yes L
1227713 2025-005 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $888,789 Yes 2
90.100 DENALI COMMISSION PROGRAM $350,000 Yes 0
66.202 CONGRESSIONALLY MANDATED PROJECTS $260,172 Yes 0
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $141,141 Yes 0
11.447 National Oceanic and Atmospheric Admin. (NOAA) P/t PSMFC $119,915 Yes 0
20.205 HIGHWAY PLANNING AND CONSTRUCTION $80,000 Yes 0

Contacts

Name Title Type
KUSNSVDA4DC1 Amber Jusefowytsch Auditee
9072747573 Brian Kupilik 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 King Cove, Alaska 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 City, it is not intended to and does not present the basic financial statements of the City.
Expenditures reported on 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The City, for purpose of the Schedule of Expenditures of Federal Awards, includes all the funds of the primary government as defined by GASB Codification, Section 2100, The Financial Reporting Entity.
No federal funds were passed through to subrecipients.

Finding Details

Finding 2025-004
Finding 2025-004 Late Reporting and Noncompliance with Reporting Requirements Federal Agency: U.S. Department of Commerce Federal Program: Economic Development Cluster ALN: 11.307 Award Numbers: ED23SEA0G0012 Award Year: 2025 Type of Finding: Material weakness in internal control over compliance and material noncompliance. Criteria: In accordance with 2 CFR part 200, subpart F, section 200.512, the reporting package must be submitted the earlier of nine (9) months after year end or 30 days after the report issuance. Condition and context: The City did not adhere to the Uniform Guidance requirement of submitting the reporting package within the earlier of 30 days after the receipt of the audit report, or the nine (9) months after the end of the audit period. Cause: The City was not able to provide the necessary audit documents within a timely matter. Thus, the City was not able to complete the audit within the Uniform Guidance requirement. Effect: The City was not in compliance with reporting requirements. Questioned Costs: None noted. Repeat finding: This is not a repeat finding. Recommendation: We recommend the City adhere to Uniform Guidance reporting requirements. Management’s Response: Management concurs with the finding. See Corrective Action Plan.
Finding 2025-005
Finding 2025-005 Late Reporting and Noncompliance with Reporting Requirements Federal Agency: U.S. Department of Commerce Federal Program: Economic Development Cluster ALN: 11.307 Award Numbers: ED23SEA0G0012 Award Year: 2025 Type of Finding: Significant deficiency and noncompliance. Criteria: All recipients of federal funds must complete financial, performance, and compliance reporting as required and outlined in Part 2 of this guidance. Expenditures may be reported on a cash or accrual basis, as long as the methodology is disclosed and consistently applied. Reporting must be consistent with the definition of expenditures pursuant to 2 CFR 200.1. The nonfederal entity must submit performance reports at the interval required by the federal awarding agency or pass-through entity to best inform improvements in program outcomes and productivity as outlined in 2 CFR 200.329. Condition and context: The City did not adhere to the program requirement of submitting the financial and performance report by the deadlines set forth in the grant award. Cause: The City was not able to provide the necessary reporting documents in the required time frames set forth in the grant award. Effect: The City is not in compliance with reporting requirements. Questioned Costs: None noted. Repeat finding: This is not a repeat finding. Recommendation: The City needs to improve processes for preparing and submitting financial information timely. Management’s Response: Management concurs with the finding. See Corrective Action Plan.