FAC Explorer

Finding 1214391 (2025-003)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
-
Year
2025
Accepted
2026-05-11
Audit: 401034
Organization: Town of Middlebury, Vermont (VT)
Auditor: KITTELL BRANAGAN AND SARGENT

AI Summary

  • Answer: Loan reimbursement requests are not being made on time.
  • Trend: Delays in requests lead to taxpayers covering costs instead of using approved debt.
  • List: Management is working to improve the timing of reimbursement requests during projects.

Finding Text

During the course of our audit it was noted that loan reimbursement request is not being conducted timely. Criteria: Loan reimbursements should be requested in a timely manner or else the taxpayers are being responsible to cover the bills. This also makes calculating expenditures related to possible single audits to be reconciled. Cause: Unknown Effect: Taxpayers are being responsible to cover the bills of projects that they previous approved to be paid by debt. Recommendation: Request reimbursement of loans throughout the project. Management Response: Management is making more of an effort to request reimbursement throughout a project rather than completion.

Corrective Action Plan

Recommendation: Request reimbursement of loans throughout the project

Categories

Cash Management Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1214381 2025-001
    Material Weakness Repeat
  • 1214382 2025-002
    Material Weakness Repeat
  • 1214383 2025-003
    Material Weakness Repeat
  • 1214384 2025-004
    Material Weakness Repeat
  • 1214385 2025-001
    Material Weakness Repeat
  • 1214386 2025-002
    Material Weakness Repeat
  • 1214387 2025-003
    Material Weakness Repeat
  • 1214388 2025-004
    Material Weakness Repeat
  • 1214389 2025-001
    Material Weakness Repeat
  • 1214390 2025-002
    Material Weakness Repeat
  • 1214392 2025-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $801,558
20.205 HIGHWAY PLANNING AND CONSTRUCTION $174,202
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $134,724
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $55,439
97.044 ASSISTANCE TO FIREFIGHTERS GRANT $31,398
45.310 GRANTS TO STATES $684
97.047 BRIC: Building Resilient Infrastructure and Communities $450