Finding 1171897 (2024-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2026-02-02
Audit: 384938
Organization: City of Gloversville, New York (NY)

AI Summary

  • Core Issue: The City failed to complete and submit the required data collection form on time due to not obtaining an independent audit.
  • Impacted Requirements: This non-compliance violates 2 CFR 200.512, which mandates timely submission of audit reports.
  • Recommended Follow-Up: The City should create a plan to ensure future audits are completed and submitted on schedule to meet federal requirements.

Finding Text

Criteria or specific requirement (including statutory, regulatory, or other citation): In accordance with 2 CFR 200.512, the City is required to complete and submit the data collection form within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Condition and context: The City did not obtain an independent audit within the required period for submission. Cause: Lack of internal controls to ensure that an independent audit was completed timely. Effect or potential effect: The City did not comply with the requirements of 2 CFR 200.512. Identification as a repeat finding, if applicable: This is a repeat finding from the prior year. Recommendation: The City should develop a course of action to ensure that future single audit reports are completed and submitted to the Federal Audit Clearinghouse in accordance with the requirements of 2 CFR 200.512. Views of responsible officials: As noted in the corrective action plan, management agrees with this finding.

Corrective Action Plan

The City intends to implement procedures to ensure timely account reconciliations which will facilitate timely audit submission.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1171898 2024-003
    Material Weakness Repeat
  • 1171899 2024-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.205 HIGHWAY PLANNING AND CONSTRUCTION $1.18M
20.509 FORMULA GRANTS FOR RURAL AREAS AND TRIBAL TRANSIT PROGRAM $204,743
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $52,421
66.818 BROWNFIELDS MULTIPURPOSE, ASSESSMENT, REVOLVING LOAN FUND, AND CLEANUP COOPERATIVE AGREEMENTS $7,578