FAC Explorer

Audit 51314

FY End
2022-12-31
Total Expended
$1.08M
Findings
2
Programs
1
Organization: Leino Park Water District (MA)
Year: 2022 Accepted: 2023-09-14
Auditor: Roselli Clark and Associates

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
45646 2022-002 Significant Deficiency - P
622088 2022-002 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
10.766 Community Facilities Loans and Grants $1.08M Yes 1

Contacts

Name Title Type
CBDUYGZ4LCE1 Derek Knerr Auditee
9788741036 Chad Clark Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying Schedule includes the federal grant transactions of the District. Althoughsome of these programs may be supplemented with state and other revenue, only federal activityis shown. Expenditures reported on the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 1081900.

Finding Details

Finding 2022-002
2022-002 U.S. Department of Agriculture Community Facilities Loans ? 10.766 Significant Deficiency in Internal Controls Over Compliance Criteria: The Uniform Guidance requires written policies regarding cash management, determination of allowable costs, employee travel, procurement and subrecipient monitoring. Condition: The District has not formalized written policies and procedures related to federal awards. Cause: The District has not formally documented internal controls over federal awards. Effect: The District is not in compliance with the Uniform Guidance requirements. Questioned Costs: None Repeat Finding from Prior Year: No Recommendation: The District should implement procedures to properly document all federal awards policies required by the Uniform Guidance. Views of Responsible Official: Management agrees with this finding.
Finding 2022-002
2022-002 U.S. Department of Agriculture Community Facilities Loans ? 10.766 Significant Deficiency in Internal Controls Over Compliance Criteria: The Uniform Guidance requires written policies regarding cash management, determination of allowable costs, employee travel, procurement and subrecipient monitoring. Condition: The District has not formalized written policies and procedures related to federal awards. Cause: The District has not formally documented internal controls over federal awards. Effect: The District is not in compliance with the Uniform Guidance requirements. Questioned Costs: None Repeat Finding from Prior Year: No Recommendation: The District should implement procedures to properly document all federal awards policies required by the Uniform Guidance. Views of Responsible Official: Management agrees with this finding.