FAC Explorer

Finding 1205898 (2025-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-04-06
Audit: 397704
Organization: City of Danube (MN)
Auditor: OBERLOH & OBERLOH LTD

AI Summary

  • Answer: Management acknowledges that preparing financial statements and understanding required disclosures is not cost-effective for the City.
  • Trend: There is a growing recognition among management that certain financial processes may not be sustainable.
  • List: Recommended follow-up includes exploring alternative solutions for financial statement preparation and disclosure management.

Finding Text

Views of Responsible Officials and Planned Corrective Actions: Management agrees with the recommendation that it is not cost effective for the City to prepare the financial statements and maintain a working knowledge of the required disclosures.

Corrective Action Plan

Name of Contact Person: Dotty Schnobrich, City Clerk

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1205894 2025-001
    Material Weakness Repeat
  • 1205895 2025-002
    Material Weakness Repeat
  • 1205896 2025-001
    Material Weakness Repeat
  • 1205897 2025-002
    Material Weakness Repeat
  • 1205899 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
66.442 WATER INFRASTRUCTURE IMPROVEMENTS FOR THE NATION SMALL AND UNDERSERVED COMMUNITIES EMERGING CONTAMINANTS GRANT PROGRAM $1.19M
10.760 WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES $675,857
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $23,750