FAC Explorer

Audit 56421

FY End
2022-06-30
Total Expended
$3.28M
Findings
2
Programs
5
Organization: City of Greenbelt, Maryland (MD)
Year: 2022 Accepted: 2023-01-30
Auditor: Cohnreznick LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
59179 2022-001 Material Weakness - L
635621 2022-001 Material Weakness - L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.76M Yes 1
14.195 Section 8 Housing Assistance Payments Program $1.07M - 0
14.218 Community Development Block Grants/entitlement Grants $309,140 - 0
95.001 High Intensity Drug Trafficking Areas Program $78,750 - 0
14.191 Multifamily Housing Service Coordinators $67,964 - 0

Contacts

Name Title Type
VK9RWTJ5E5K8 Bertha Gaymon Auditee
3014741552 Dan Kenney Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The City has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
2022-001 Accurate Financial Reporting Statement of Condition: The City's June 30, 2022 financial statements were restated to properly reflect the net position of the fiduciary fund. Criteria: Accounting policies and procedures should be designed and implemented in order to ensure that new accounting pronouncements are implemented by the effective date. Cause: Oversight in the application of a recently issued GASB accounting pronouncement. Effect: A recently issued accounting pronouncement was not fully implemented which resulted in a required change in presentation to the City's fiduciary fund financial statements. Recommendation: We recommend that the City revise current procedures to affirm that new accounting pronouncements are properly applied. View of Responsible Officials: The accounting pronouncement was recently adopted and in the implementation one aspect of the pronouncement wa ed. Further pronouncements will be carefully reviewed prior to implementation.
Finding 2022-001
2022-001 Accurate Financial Reporting Statement of Condition: The City's June 30, 2022 financial statements were restated to properly reflect the net position of the fiduciary fund. Criteria: Accounting policies and procedures should be designed and implemented in order to ensure that new accounting pronouncements are implemented by the effective date. Cause: Oversight in the application of a recently issued GASB accounting pronouncement. Effect: A recently issued accounting pronouncement was not fully implemented which resulted in a required change in presentation to the City's fiduciary fund financial statements. Recommendation: We recommend that the City revise current procedures to affirm that new accounting pronouncements are properly applied. View of Responsible Officials: The accounting pronouncement was recently adopted and in the implementation one aspect of the pronouncement wa ed. Further pronouncements will be carefully reviewed prior to implementation.