FAC Explorer

Finding 1172556 (2022-008)

Material Weakness Repeat Finding
Requirement
A
Questioned Costs
-
Year
2022
Accepted
2026-02-05
Audit: 385854
Organization: City of Senatobia (MS)
Auditor: FO GIVENS & COMPANY

AI Summary

  • Answer: The City needs to improve its internal controls for financial accounting and reporting of federal funds.
  • Trend: Weak internal controls may lead to non-compliance with federal requirements.
  • List: Recommended actions include reviewing current controls, identifying gaps, and implementing stronger oversight measures.

Finding Text

Internal controls over financial accounting and reporting for federal funds should be strengthened to ensure that the City's internal controls will result in the City meeting federal requirements.

Corrective Action Plan

The City will implement control procedures over receipts and transfers to ensure that all cash transactions are properly recorded and classified in the City's accounting system, in a timely manner. The City staff has since reviewed the situation to have a better understanding of how the procedures should be handled.

Categories

Reporting Internal Control / Segregation of Duties

Programs in Audit

ALN Program Name Expenditures
10.760 WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES $5.36M