FAC Explorer

Finding 1132535 (2021-003)

Material Weakness
Requirement
ABCEFGHIJLMNP
Questioned Costs
-
Year
2021
Accepted
2025-04-28
Audit: 354791
Organization: Incorporated Village of Freeport, New York (NY)
Auditor: Bst & CO CPAS LLP

AI Summary

  • Answer: The Village's SEFA had errors, including incorrect expenditures and missing federal awards.
  • Trend: These issues indicate a pattern of inaccuracies in financial reporting that could affect compliance.
  • List: Follow up by correcting the SEFA, ensuring all relevant expenditures are included, and reviewing major programs for completeness.

Finding Text

The Village’s SEFA contained errors in which expenditures that did not relate to the year ended February 28, 2021 were included in the unadjusted SEFA provided to the independent auditors at the commencement of the Uniform Guidance engagement. In addition, the Village inadvertently excluded Federal awards related to the Hurricane Sandy Community Development Block Grant Disaster Recovery Grants program, that was determined to be a major program subject to audit.

Categories

Reporting

Other Findings in this Audit

  • 556093 2021-003
    Material Weakness
  • 556094 2021-004
    Material Weakness
  • 1132536 2021-004
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.269 Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (cdbg-Dr) $2.21M
14.218 Community Development Block Grants/entitlement Grants $865,602
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $155,908
16.607 Bulletproof Vest Partnership Program $3,527
21.027 Coronavirus State and Local Fiscal Recovery Funds $1,493