FAC Explorer

Audit 50148

FY End
2022-06-30
Total Expended
$1.54M
Findings
2
Programs
1
Organization: Town of Dayton, Virginia (VA)
Year: 2022 Accepted: 2023-01-05
Auditor: Brown Edwards & CO LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
49983 2022-003 Significant Deficiency - L
626425 2022-003 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.54M Yes 1

Contacts

Name Title Type
CZC4UX3MTZM5 Susan Smith Auditee
5408792241 Susan Chapman Auditor
No contacts on file

Notes to SEFA

Title: Outstanding Loan Balances Accounting Policies: The accompanying schedule of federal expenditures includes the activity of all federally assisted programs of the Town of Dayton, Virginia and is presented on the modified accrual basis of accounting, as described in Note 1 to the Town's basic financial statements. All federal awards received directly from federal agencies, as well as federal awards passed through othergovernment agencies, are included on this schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. At June 30, 2022, the Town had no outstanding loan balances requiring continuing disclosure.

Finding Details

Finding 2022-003
2022-003: Coronavirus State and Local Fiscal Recovery Funds ? AL# 21.027, Reporting, Significant Deficiency Condition: During the current audit, we noted that there were no written procurement policies specific to federal awards cost principle requirements under Uniform Grant Guidance. Criteria: Federal award recipients must have written policies, procedures, and standards of conduct as required by 2 CFR 200, subparts D and E. Cause: Required policies are not present. Effect: Lack of policies could create noncompliance with regulations as stated requirements may not be followed. Questioned Cost Amount: N/A Perspective Information: Impacts all federal award programs. Context: N/A Recommendation: We recommend that procurement policies and financial policies are developed to meet federal standards.
Finding 2022-003
2022-003: Coronavirus State and Local Fiscal Recovery Funds ? AL# 21.027, Reporting, Significant Deficiency Condition: During the current audit, we noted that there were no written procurement policies specific to federal awards cost principle requirements under Uniform Grant Guidance. Criteria: Federal award recipients must have written policies, procedures, and standards of conduct as required by 2 CFR 200, subparts D and E. Cause: Required policies are not present. Effect: Lack of policies could create noncompliance with regulations as stated requirements may not be followed. Questioned Cost Amount: N/A Perspective Information: Impacts all federal award programs. Context: N/A Recommendation: We recommend that procurement policies and financial policies are developed to meet federal standards.