Finding 1205815 (2024-008)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2026-04-02
Audit: 397558
Organization: City of Tower, Minnesota (MN)
Auditor: SCHUTZ CPA LTD

AI Summary

  • Core Issue: Management submitted invalid documentation for federal reimbursements by voiding checks meant for the vendor.
  • Impacted Requirements: Reimbursement requests must include proof of full payment to the vendor before seeking federal funds.
  • Recommended Follow-Up: Secure funding before starting projects and manage cash flows to ensure compliance with reimbursement rules.

Finding Text

Condition: Management submitted documentation for federal reimbursements that was not valid. Checks were issued to the vendor by the City for the full amount of the vendor’s invoice. These checks along with the vendors invoice were submitted as proof of payment to request federal reimbursement. The check for the full amount of the vendor invoice was not sent to the vendor but were instead voided and then once the federal reimbursement payment of 75% of the invoice total was received the vendor was issued a check for the 75% with the understanding that the remaining 25% would be paid at a later date. Criteria: Requests for reimbursement are to include documentation of the full amount of the expenses paid to the vendor prior to submission for federal reimbursement. Cause: The City was experiencing cash shortages and used this method to receive federal funds in advance of the expenses being paid to the vendor. Effect: The City did not comply with the reimbursement requirements at the time of reimbursement requests were made. Recommendation: Management should secure funding prior to beginning a project and properly manage cash flows so that reimbursement requirements will be met.

Corrective Action Plan

There is now a new Clerk/Treasurer in place who is aware of the federal reimbursement requirements and will not allow reimbursement requests be made prior to the vendor receiving payment.

Categories

Cash Management

Other Findings in this Audit

  • 1205808 2024-001
    Material Weakness Repeat
  • 1205809 2024-002
    Material Weakness Repeat
  • 1205810 2024-003
    Material Weakness Repeat
  • 1205811 2024-004
    Material Weakness Repeat
  • 1205812 2024-005
    Material Weakness Repeat
  • 1205813 2024-006
    Material Weakness Repeat
  • 1205814 2024-007
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.864 GRANT PROGRAM TO ESTABLISH A FUND FOR FINANCING WATER AND WASTEWATER PROJECTS $2.78M
10.933 WETLAND MITIGATION BANKING PROGRAM $397,415
93.569 COMMUNITY SERVICES BLOCK GRANT $49,400
84.425 EDUCATION STABILIZATION FUND $4,543
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $3,838