FAC Explorer

Finding 1076898 (2023-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-09-30
Audit: 323219
Organization: City of Lakewood (CO)
Auditor: Eide Bailly LLP

AI Summary

  • Answer: An error was found in how CMATT grant revenue and accounts receivable were recorded last year.
  • Trend: The City also noted that grant revenue for CDOT grants was not deferred correctly in the previous year.
  • List: Review and correct the recording of CMATT grant revenue and ensure proper deferral of CDOT grant revenue.

Finding Text

During 2023, it was determined that an error had been made in the prior year related to the recording of CMATT grant revenue and accounts receivable. Additionally, the City brought to our attention that they had not properly deferred grant revenue related to CDOT grants in the prior year.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 500456 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
20.205 Highway Planning and Construction $2.47M
93.600 Head Start $1.55M
93.044 Special Programs for the Aging, Title Iii, Part B, Grants for Supportive Services and Senior Centers $342,788
14.218 Community Development Block Grants/entitlement Grants $183,367
14.218 Homeland Security Grant Program $155,940
93.575 Child Care and Development Block Grant $138,690
16.738 Edward Byrne Memorial Justice Assistance Grant Program $116,404
20.505 Metropolitan Transportation Planning and State and Non-Metropolitan Planning and Research $96,638
21.027 Coronavirus State and Local Fiscal Recovery Funds $75,988
20.600 State and Community Highway Safety $69,804
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $65,670
10.558 Child and Adult Care Food Program $65,614
20.616 National Priority Safety Programs $62,421
20.601 Alcohol Impaired Driving Countermeasures Incentive Grants $13,540
16.543 Missing Children's Assistance $8,290
89.003 National Historical Publications and Records Grants $7,732
45.025 Promotion of the Arts Partnership Agreements $5,875