FAC Explorer

Audit 52088

FY End
2022-09-30
Total Expended
$1.72M
Findings
2
Programs
4
Organization: Community Transit of Watertown Sisseton Inc. (SD)
Year: 2022 Accepted: 2023-09-20
Auditor: Abdo LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
43361 2022-002 Material Weakness Yes P
619803 2022-002 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
20.509 Formula Grants for Rural Areas and Tribal Transit Program $1.43M Yes 1
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $182,652 - 0
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $66,304 - 0
93.044 Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers $47,195 - 0

Contacts

Name Title Type
XBJBRJ9YNLB3 Terry Hoffman Auditee
6058807858 Jack Abdo Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are notallowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: During the year ended September 30, 2022, the Organization did not elect to use the 10% de minimis indirect cost rate. The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organizationunder programs of the federal government for the year ended September 30, 2022. The information in this schedule ispresented in accordance with the requirement of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or usedin the preparation of, the basic financial statements.
Title: Pass-through Entity Identifying Numbers Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are notallowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: During the year ended September 30, 2022, the Organization did not elect to use the 10% de minimis indirect cost rate. Pass-through entity identifying numbers are presented where available.
Title: Subrecipients Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are notallowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: During the year ended September 30, 2022, the Organization did not elect to use the 10% de minimis indirect cost rate. No federal expenditures presented in this schedule were provided to subrecipients.

Finding Details

Finding 2022-002
Condition: During our audit, we noted errors related to calculations of federal expenditures on the Schedule of Expenditures of Federal Awards. Criteria: Uniform Guidance requires proper reporting of federal expenditures. Cause: Management did not have the information needed to prepare the Schedule of Expenditures of Federal Awards. Effect: As a result, federal expenditures were overstated by $137,301 on the Schedule of Expenditures of Federal Awards. Context: During our audit procedures, we identified one item on the Schedule of Expenditures of Federal Awards that did not include federal expenditures. Recommendation: We recommend that the Organization implement a review process to ensure correct reporting on the Schedule of Expenditures of Federal Awards prior to the audit, including a reconciliation between the Schedule of Expenditures of Federal Awards and the accounting system. We also recommend updating the federal grant tracking spreadsheet to track expenditures by fiscal year. Views of responsible officials: Management agrees with the finding.
Finding 2022-002
Condition: During our audit, we noted errors related to calculations of federal expenditures on the Schedule of Expenditures of Federal Awards. Criteria: Uniform Guidance requires proper reporting of federal expenditures. Cause: Management did not have the information needed to prepare the Schedule of Expenditures of Federal Awards. Effect: As a result, federal expenditures were overstated by $137,301 on the Schedule of Expenditures of Federal Awards. Context: During our audit procedures, we identified one item on the Schedule of Expenditures of Federal Awards that did not include federal expenditures. Recommendation: We recommend that the Organization implement a review process to ensure correct reporting on the Schedule of Expenditures of Federal Awards prior to the audit, including a reconciliation between the Schedule of Expenditures of Federal Awards and the accounting system. We also recommend updating the federal grant tracking spreadsheet to track expenditures by fiscal year. Views of responsible officials: Management agrees with the finding.