Finding 1117424 (2024-008)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-03-31
Audit: 350587
Organization: City of Amsterdam, New York (NY)
Auditor: Rbt CPAS

AI Summary

  • Core Issue: The City failed to prepare a complete and accurate Schedule of Expenditures of Federal Awards (SEFA), leading to discrepancies in reported expenditures.
  • Impacted Requirements: Compliance with federal and state regulations for SEFA preparation was not met, resulting in inaccuracies that require further audit adjustments.
  • Recommended Follow-Up: The City should enhance its understanding of SEFA preparation to ensure future submissions are complete and accurate, as this issue has recurred.

Finding Text

Finding 2023-008 Schedule of Expenditures of Federal Awards. Type of Finding: Internal Control Deficiency and Compliance Finding. Condition: The City did not prepare a complete and accurate Schedule of Expenditures of Federal Awards and State Transportation Assistance ("SEFA"). Criteria: The Schedule of Expenditures of Federal Awards and State Transportation Assistance is required to be prepared by the Auditee under federal and state regulations. Cause: Federal and state expenditures are not tracked by funding source. Reimbursements from funding sources are not always allocated accurately to federal and state revenue accounts when received. Effect: Total expenditures of federal awards and state transportation assistance reported on the SEFA as required for the single audit was not accurate, requiring additional research and audit adjustments. Repeat Finding: This is a repeat of finding 2023-007. Recommendation: RBT recommends that the City obtain a clearer understanding of the SEFA and the preparation process such that the annual compilation of data is complete and accurate. Auditee's Response: See corrective action plan.

Categories

Reporting Internal Control / Segregation of Duties Cash Management

Other Findings in this Audit

  • 540982 2024-008
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $344,496
20.205 Highway Planning and Construction $76,103
14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants $61,130
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $45,125
16.738 Edward Byrne Memorial Justice Assistance Grant Program $10,000
16.607 Bulletproof Vest Partnership Program $1,980