Finding 1156467 (2024-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-09-29
Audit: 368802
Organization: City of River Falls (WI)

AI Summary

  • Core Issue: The Federal Financial Report was submitted without proper managerial review, risking inaccuracies.
  • Impacted Requirements: The Uniform Guidance mandates effective internal controls and accurate, timely reporting.
  • Recommended Follow-Up: Implement a review and approval process for reports to ensure accuracy before submission.

Finding Text

Finding 2024-002: Significant Deficiency - Reporting Program: Congressionally Mandated Projects Assistance Listing Number: 66.202 Federal Agency: U.S. Environmental Protection Agency Federal Award Identification Number: N/A Federal Award Year: December 31, 2024 Criteria: The Uniform Guidance requires that an entity establish a system of properly-functioning internal controls and that all reporting be submitted accurately and within the time frames prescribed by the grantors. Condition: The Federal Financial Report was submitted with no further review by a manager or supervisor. Questioned Costs: None noted. Context: There was no documented review or approval for the Federal Financial Report selected for testing. There was one Federal Financial Report required for the current year. The sample was not a statistically valid sample. Effect: Without an effective review and approval process, the Federal Financial Report may contain inaccurate information. Cause: The City has not implemented an effective system of internal controls over reporting to ensure that the reports are reviewed and approved by someone within the City, other than the original preparer of the reports. Recommendation: The City should implement controls to have a final review and approval for the required reports before they are submitted. Views of Responsible Officials: The City agrees with this finding and will establish a review process in their policy and procedures to ensure that someone other than the person preparing the report reviews the Federal Financial Report before submitting them to ensure accurate reporting.

Corrective Action Plan

Finding 2024-002: Internal Control Environment Condition The Federal Financial Report was submitted by the original preparer without review before submission. Corrective Action Plan Corrective Action Planned: The Finance Director will review and approve submittals of the annual grant applications and reports, including from third-parties in the event of any pass-through grants the City facilitates. Name(s) of Contact Person(s) Responsible for Corrective Action: Josh Solinger Anticipated Completion Date: Immediate and ongoing

Categories

Reporting Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
66.202 Congressionally Mandated Projects $1.60M
21.027 Coronavirus State and Local Fiscal Recovery Funds $276,349
20.507 Federal Transit Formula Grants $151,473
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $67,950
10.351 Rural Business Development Grant $25,551
81.042 Weatherization Assistance for Low-Income Persons $21,671
15.904 Historic Preservation Fund Grants-in-Aid $12,000