Audit 54452

FY End
2022-06-30
Total Expended
$1.55M
Findings
4
Programs
5
Organization: Town of Yoder, Wyoming (WY)
Year: 2022 Accepted: 2023-05-23

Organization Exclusion Status:

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Findings

ID Ref Severity Repeat Requirement
61820 2022-005 Material Weakness - A
61821 2022-006 Material Weakness - I
638262 2022-005 Material Weakness - A
638263 2022-006 Material Weakness - I

Contacts

Name Title Type
VDCTWF9S2TL1 Sarita Hansen Auditee
3075324304 Cindy Kretzer Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, as applicable, wherein certain types of expenditure are not allowable or are limited as to reimbursement. Negative amounts shown, if any, on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. No federal financial assistance has been provided to sub recipients. De Minimis Rate Used: N Rate Explanation: Town of Yoder, Wyoming has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Town of Yoder, Wyoming under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Town of Yoder, Wyoming, it is not intended to and does not present the financial position, changes in net position, or cash flows of Town of Yoder, Wyoming.

Finding Details

Criteria The 2 CFR section 200.303 requires that non-federal entities receiving federal awards establish and maintain internal control over the federal awards that provides reasonable assurance that the non-federal entity is managing the federal awards in compliance with federal statutes, regulations, and the terms and conditions of the federal awards. Condition The Town of Yoder, Wyoming did not have procedures to identify miscodings, inappropriate cost transfers, budget overages, segregation of duties concerns, and unauthorized payments. The Town of Yoder, Wyoming did not have procedures to review invoices, cost allocations, efforts of personnel, fringe benefits and indirect charges for allowability, adherence to cost principles, accuracy, and completeness. There was no evidence the reimbursement requests were reviewed and approved prior to submission. Cause The Town of Yoder, Wyoming does not have an internal control system designed to review account coding for expenditures and review and approval of reimbursement requests to the awarding agency. Effect or Potential Effect There is an increased risk of unallowable costs being charged to grants. Questioned Costs This finding does not result in questioned costs. Context This was identified through inquiry of management and review of all the invoices and supporting documentations. Recommendation We recommend the Town of Yoder, Wyoming implement a review process to ensure all expenditures are eligible expenditures and review, approval, and monitoring of reimbursement requests to awarding agency.
Criteria In accordance with 2 CFR section 200.319(c), non-federal entities must have written procedures for procurement transactions. Such policy should incorporate all requirements within 2 CFR section 200.318 through 200.326 of the Uniform Guidance. Conditions For the year ended June 30, 2022, the Town of Yoder, Wyoming did not have a written procurement policy implemented with all the requirements of 2 CFR section 200.318 through 200.326 of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Cause The Town of Yoder, Wyoming has a small staff with the lack of understanding of the requirements. Effect or Potential Effect Lack of a formal, documented procurement policy may result in noncompliance with federal and state statutes, regulations, or other laws. Questioned Costs There were no questioned costs identified, as the parties involved in these covered transactions were neither suspended nor debarred. Context This was identified through inquiry of management and review of the Town of Yoder, Wyoming?s policies. Recommendations We recommend that the Town of Yoder, Wyoming implement a formal, written policy with the requirements of 2 CFR section 200.318 through 200.326 of the Uniform Guidance.
Criteria The 2 CFR section 200.303 requires that non-federal entities receiving federal awards establish and maintain internal control over the federal awards that provides reasonable assurance that the non-federal entity is managing the federal awards in compliance with federal statutes, regulations, and the terms and conditions of the federal awards. Condition The Town of Yoder, Wyoming did not have procedures to identify miscodings, inappropriate cost transfers, budget overages, segregation of duties concerns, and unauthorized payments. The Town of Yoder, Wyoming did not have procedures to review invoices, cost allocations, efforts of personnel, fringe benefits and indirect charges for allowability, adherence to cost principles, accuracy, and completeness. There was no evidence the reimbursement requests were reviewed and approved prior to submission. Cause The Town of Yoder, Wyoming does not have an internal control system designed to review account coding for expenditures and review and approval of reimbursement requests to the awarding agency. Effect or Potential Effect There is an increased risk of unallowable costs being charged to grants. Questioned Costs This finding does not result in questioned costs. Context This was identified through inquiry of management and review of all the invoices and supporting documentations. Recommendation We recommend the Town of Yoder, Wyoming implement a review process to ensure all expenditures are eligible expenditures and review, approval, and monitoring of reimbursement requests to awarding agency.
Criteria In accordance with 2 CFR section 200.319(c), non-federal entities must have written procedures for procurement transactions. Such policy should incorporate all requirements within 2 CFR section 200.318 through 200.326 of the Uniform Guidance. Conditions For the year ended June 30, 2022, the Town of Yoder, Wyoming did not have a written procurement policy implemented with all the requirements of 2 CFR section 200.318 through 200.326 of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Cause The Town of Yoder, Wyoming has a small staff with the lack of understanding of the requirements. Effect or Potential Effect Lack of a formal, documented procurement policy may result in noncompliance with federal and state statutes, regulations, or other laws. Questioned Costs There were no questioned costs identified, as the parties involved in these covered transactions were neither suspended nor debarred. Context This was identified through inquiry of management and review of the Town of Yoder, Wyoming?s policies. Recommendations We recommend that the Town of Yoder, Wyoming implement a formal, written policy with the requirements of 2 CFR section 200.318 through 200.326 of the Uniform Guidance.