Audit 415066

Program Federal Agency - U.S. Department of the Treasury Federal Program - Coronavirus State and Local Fiscal Recovery Funds AL Number - 21.027 Criteria The Town is required to complete the project and expenditure report annually for obligations and expenditures. The report is required to include current period obligations, cumulative obligations, current period expenditures and cumulative expenditures. Condition Although the total cumulative expenditures reported agreed to the Town records, we noted that the current period expenditures amount reported by the Town did not agree to the general ledger activity due to certain expenditures totaling approximately $36,000 for the period that were not included in the report. Questioned costs None noted. Context Not applicable. Effect The Town was not in compliance with the reporting requirements. Cause Unknown. Recommendation We recommend the Town implement procedures to review the project and expenditure report prepared by the third-party consultant prior to submission to ensure reporting is properly reconciled to the general ledger expenditures in accordance with the grant requirements. Views of responsible official and planned corrective actions Management agrees with this finding. The Town will implement procedures to ensure reports are based upon the Town’s general ledger and in compliance with U.S. Treasury guidelines.