FAC Explorer

Audit 415161

FY End
2025-06-30
Total Expended
$2.04M
Findings
5
Programs
8
Organization: Kennebec Valley Council of Governments (ME)
Year: 2025 Accepted: 2026-10-21
Auditor: BDMP ASSURANCE LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1240760 2025-004 Material Weakness Yes L
1240761 2025-004 Material Weakness Yes L
1240762 2025-004 Material Weakness Yes L
1240763 2025-004 Material Weakness Yes L
1240764 2025-004 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $718,909 Yes 1
66.818 BROWNFIELDS MULTIPURPOSE, ASSESSMENT, REVOLVING LOAN FUND, AND CLEANUP COOPERATIVE AGREEMENTS $329,705 Yes 0
10.767 INTERMEDIARY RELENDING PROGRAM $121,418 Yes 1
10.762 SOLID WASTE MANAGEMENT GRANTS $118,105 Yes 0
11.302 ECONOMIC DEVELOPMENT SUPPORT FOR PLANNING ORGANIZATIONS $81,645 Yes 0
11.419 COASTAL ZONE MANAGEMENT ADMINISTRATION AWARDS $56,847 Yes 0
20.205 HIGHWAY PLANNING AND CONSTRUCTION $11,060 Yes 0
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $6,988 Yes 0

Contacts

Name Title Type
PLMPH9JV55K9 Joel Greenwood Auditee
2074534258 Katharine Balukas Auditor
No contacts on file

Notes to SEFA

The Uniform Guidance requires a Schedule of Expenditures of Federal Awards (the Schedule) showing total expenditures for each federal award program as identified in the Federal Assistance Listing.
The accompanying schedule includes all federal awards programs of Kennebec Valley Council of Governments for the fiscal year ended June 30, 2025.
The information in the accompanying Schedule is presented in accordance with Uniform Guidance.
In addition to programs reported on the Schedule, Kennebec Valley Council of Governments has several federal loan programs and/or outstanding federal loans as follows. We have considered these outstanding loan balances in determining programs to be tested under the Uniform Guidance.
Federal loan funds administered by KVCOG, loans made to recipients: See the Notes to the SEFA for chart/table
As part of the Intermediary Relending Program, KVCOG has four notes payable to USDA - Rural Development. Loan #1 has a balance at June 30, 2025 of $0. This note calls for interest-only payable at 1.0% through November 1998, then principal and interest payable in equal installments thereafter until 2024. Loan #2 has a balance at June 30, 2025 of $181,762. This note calls for interest-only payable at 1.0% through November 2007, then principal and interest payable in equal installments thereafter until 2033. Loan #3 has a balance at June 30, 2025 of $206,136. This note calls for interest-only payable at 1.0% through November 2009, then principal and interest payable in equal installments thereafter until 2035. Loan #4 has a balance at June 30, 2025 of $115,246. This note calls for interest-only payable at 1.0% through September 2015, then principal and interest payable in equal installments thereafter until 2041.

Finding Details

Finding 2025-004
Information on the Federal Program: Federal Agency: U.S. Department Agriculture Program Name: Intermediary Relending Program AL: 10.767 Federal Award Year: 2025 Federal Agency: U.S. Department of Commerce Program Name: Economic Development Administration AL: 11.307 Federal Award Year: 2025 Criteria: Form RD 4274-4, Section 5.1, requires KVCOG to submit annual audit reports within 90 days following the year-end. Audits must conform to the requirements of 7 CFR 1948.118(b)(4). 2 CFR §200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse (FAC) no later than 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period, whichever is earlier. Condition Found: For the year ended June 30, 2024, KVCOG failed to submit the annual audited report within 90 days following year-end. Further, KVCOG failed to submit the data collection form, and the reporting package within nine months after year-end. Context: KVCOG did not have effective internal controls to help ensure timely and accurate preparation of financial information, including account reconciliations. As a result, management did not have the information necessary to complete the FAC filing within the timeframe required by 2 CFR §200.512(a)(1). Questioned Costs: None noted. Cause and Effect: The late submission of the Single Audit report to the FAC creates noncompliance with federal reporting requirements and increases KVCOG’s risk of administrative actions by federal awarding agencies. This may result in delayed acceptance of federal awards, imposition of grant conditions, or restrictions on access to federal funds until the report is submitted and accepted. Identification as a Report Finding, if applicable: N/A Recommendation: KVCOG should implement procedures to ensure the Single Audit reporting package is prepared, reviewed, and submitted to the FAC within required timeframes, including monitoring of statutory deadlines Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan on page 58 Responsible party: Diana Rafuse, Finance Director