Finding 1169615 (2024-002)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2026-01-20

Audit: 382597

Organization: City of Elizabethtown (KY)

Auditor: RFH PLLC

AI Summary

Answer: The City must establish internal controls to ensure accurate financial statements and federal award expenditures.
Trend: Compliance with generally accepted accounting standards and Uniform Guidance is critical for financial reporting.
List: Follow up on implementing necessary internal controls and regularly review them for effectiveness.

Finding Text

The City is required to have internal controls in place that enable it to prepare complete financial statements, including the schedule of expenditure of federal awards in accordance with generally accepted accounting standards and in accordance with the Uniform Guidance at 2 CFR 200.510(b).

Corrective Action Plan

By requiring Finance Department signatures for all grant applications, a comprehensive list of all potential program awards can be maintained. From this information, potential expenditures can be monitored for the awards inclusion on the SEFA.

Other Findings in this Audit

1169616 2024-003

Material Weakness Repeat
1169617 2024-004

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
21.027	CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS	$923,722
20.939	SAFE STREETS AND ROADS FOR ALL	$156,998
66.818	BROWNFIELDS MULTIPURPOSE, ASSESSMENT, REVOLVING LOAN FUND, AND CLEANUP COOPERATIVE AGREEMENTS	$154,950
14.218	COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS	$140,620
95.001	HIGH INTENSITY DRUG TRAFFICKING AREAS PROGRAM	$72,886
16.582	CRIME VICTIM ASSISTANCE/DISCRETIONARY GRANTS	$62,306
15.916	OUTDOOR RECREATION ACQUISITION, DEVELOPMENT AND PLANNING	$55,116
97.047	BRIC: BUILDING RESILIENT INFRASTRUCTURE AND COMMUNITIES	$37,500
16.738	EDWARD BYRNE MEMORIAL JUSTICE ASSISTANCE GRANT PROGRAM	$23,187