Finding 1208435 (2024-006)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2026-04-22
Audit: 399387
Organization: Town of Beaver, Oklahoma (OK)

AI Summary

  • Answer: The audit report was submitted late, exceeding the 9-month deadline.
  • Trend: Timeliness of report submissions has been inconsistent, potentially affecting compliance.
  • List: Recommend establishing a tracking system to ensure future reports are filed on time.

Finding Text

Audit report filed with the Federal Audit Clearinghouse after allotted 9 months after year end period.

Corrective Action Plan

Management will make arrangements to have their records inspected quicker after year-end to ensure the timely completion of an audit. Additionally, follow-up procedures will be executed to ensure all parties have received the required information to complete audit procedures prior to the deadline. Management acknowledges the findings and agrees that improvements to procurement documentation are needed. The Town will review and strengthen its purchasing procedurs, implement a procurement documentation checklist, and provide training to staff to ensure complance with OKlahoma statutes and Town policy going forward. Additionally, management will review their current employee hand ook and make necessary adjustments to implement procedures related to changing employee timesheets prior to payment approval.

Categories

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Other Findings in this Audit

  • 1208432 2024-006
    Material Weakness Repeat
  • 1208433 2024-006
    Material Weakness Repeat
  • 1208434 2024-006
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.106 AIRPORT IMPROVEMENT PROGRAM, INFRASTRUCTURE INVESTMENT AND JOBS ACT PROGRAMS, AND COVID-19 AIRPORTS PROGRAMS $223,000
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $49,130
20.509 FORMULA GRANTS FOR RURAL AREAS AND TRIBAL TRANSIT PROGRAM $14,459