Finding 1176855 (2024-003)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2026-03-06
Audit: 390700
Organization: City of Stamford (TX)

AI Summary

  • Core Issue: The City failed to submit the required Project and Expenditure Report by the deadline, violating federal regulations.
  • Impacted Requirements: This oversight breaches Uniform Guidance 2 CFR 200.328 and CFR 35.4(c), risking federal fund withholding and increased scrutiny.
  • Recommended Follow-Up: Implement a monitoring system for grant requirements and provide staff training to ensure timely report submissions moving forward.

Finding Text

Criteria: In accordance with federal regulation (Uniform Guidance 2 CFR 200.328 and CFR 35.4(c), recipients of federal awards are required to submit a Project and Expenditure Report on a quarterly or annually basis as specified in the SLFRF Compliance and Reporting Guidance. Condition: During the 2024 audit the City did not file the required Project and Expenditure Report for the period ending September 30, 2024, within the required timeframe, which is a violation of the Uniform Guidance requirements. Effect: Failure to submit the required report may result in the withholding of federal funds, increased oversight, or other administrative actions by the U.S. Department of the Treasury. It also impairs transparency and accountability for the use of federal funds Cause: The delay in submitting the expenditure report was primarily attributed to a change in finance personnel. Recommendation: We recommend that the City develop a system of monitoring grant requirements and establish a timeline for meeting deadlines related to reporting in compliance with the Uniform Guidance. Views of responsible official and planned corrective actions: The City will file the required closeout project and expenditure report immediately, and staff will receive training in reporting requirements to ensure timely submissions in the future.

Corrective Action Plan

In reference to audit finding 2024-003, wp.ich refers to submitting a project and expenditure report within the required timeframe. The city will train the city's finance department in how to file the project and expenditure report within the required timeframe by working with the city's third-party financial consultant and the city manager.

Categories

Subrecipient Monitoring Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1176853 2024-001
    Material Weakness Repeat
  • 1176854 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
66.468 DRINKING WATER STATE REVOLVING FUND $867,623
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $209,909
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $85,849
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $56,550