Finding 1161630 (2024-003)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2025-10-30

Audit: 371503

Organization: City of Versailles (KY)

Auditor: RFH PLLC

AI Summary

Answer: The City must submit quarterly reports on projects and expenditures funded by CSLFRF.
Trend: Consistent reporting is crucial for transparency and compliance with funding requirements.
List: Ensure reports include financial data, project details, expenditures, and contracts/subawards over $50,000.

Finding Text

The City is required to file quarterly Project and Expenditure reports that detail financial data, projects funded, expenditures, and contracts and subawards over $50,000, that were paid with the Coronavirus State and Local Fiscal Recovery Funds (CSLFRF).

Corrective Action Plan

Management acknowledges that there have been deficiencies in processes. The City intends to enhance its internal controls over ARPA reporting. These efforts will be accomplished through improved internal communication and training of staff to ensure proper reporting.

Other Findings in this Audit

1161631 2024-004

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
21.027	CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS	$1.06M
14.228	COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII	$288,920
97.067	HOMELAND SECURITY GRANT PROGRAM	$286,000
97.039	HAZARD MITIGATION GRANT	$86,002
97.036	DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS)	$76,716
16.922	EQUITABLE SHARING PROGRAM	$59,617
20.600	STATE AND COMMUNITY HIGHWAY SAFETY	$6,236