FAC Explorer

Audit 7314

FY End
2023-06-30
Total Expended
$805,812
Findings
2
Programs
2
Organization: City of Lowell (MI)
Year: 2023 Accepted: 2023-12-19
Auditor: Vredeveld Haefner LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
5528 2023-001 - - I
581970 2023-001 - - I

Programs

ALN Program Spent Major Findings
10.760 Water and Wastewater Disposal Systems Bonds $571,091 Yes 1
21.027 Coronavirus Local Fiscal Recovery Fund $234,721 - 0

Contacts

Name Title Type
PPNVEFWGNLN4 Sue Olin Auditee
6168978457 Douglas Vredeveld Auditor
No contacts on file

Notes to SEFA

Title: Reconciliation of SEFA to financial statement revenues Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared in accordance with the modified accrual basis of accounting for governemntl funds and accrual basis for proprietary funds. De Minimis Rate Used: N Rate Explanation: n/a Federal revenue reported in governmental funds $234,721; proprietary funds loan draws $229,320; proprietary funds pending loan draws $341,771 totals $805,812. Expenditures reported on the SEFA $805,812.

Finding Details

Finding 2023-001
Condition and Criteria: The City's written policies and procedures provide for vendor certification of suspension and debarment status or City review of vendor suspension and debarment status on the SAM.gov website before applicable purchases. Cause: The City policy for compliance with suspension and debarment requirements did not provide for specific action necessary to document compliance. Effect: The City entered into a contract with a vendor before the vendor suspension and debarment status was documented. This vendor is not suspended or debarred per review of the SAM.gov website. Recommendation: The City should modify current policies and procedures to require documentation of vendor certification of suspension and debarment status or City review of vendor suspension and debarment status on the SAM.gov website before applicable purchases. Management Response: Management will modify policies and procedures to require document of vendor suspension and debarment status for all federally funded purchases or contracts.
Finding 2023-001
Condition and Criteria: The City's written policies and procedures provide for vendor certification of suspension and debarment status or City review of vendor suspension and debarment status on the SAM.gov website before applicable purchases. Cause: The City policy for compliance with suspension and debarment requirements did not provide for specific action necessary to document compliance. Effect: The City entered into a contract with a vendor before the vendor suspension and debarment status was documented. This vendor is not suspended or debarred per review of the SAM.gov website. Recommendation: The City should modify current policies and procedures to require documentation of vendor certification of suspension and debarment status or City review of vendor suspension and debarment status on the SAM.gov website before applicable purchases. Management Response: Management will modify policies and procedures to require document of vendor suspension and debarment status for all federally funded purchases or contracts.