Finding 1078090 (2023-003)

Criteria The Town is required to complete the project and expenditure report annually for obligations and expenditures. The report is required to include current period obligations, cumulative obligations, current period expenditures and cumulative expenditures. Condition We noted that for 4 of the 21 projects, the amount reported by the Town did not agree to the current year general ledger activity. Questioned costs None noted. Context Not applicable. Effect The Town was not in compliance with the reporting requirements. Cause Amounts for certain projects were not reported in the proper period or proper fund (ARPA fund). Recommendation We recommend the Town implement procedures to ensure reporting is properly reconciled to the general ledger expenditures in accordance with the grant requirements. Views of responsible official and planned corrective actions Management agrees with this finding. The Town will implement procedures to ensure reports are based upon the Town’s general ledger and properly reconciled and in compliance with U.S. Treasury guidelines.