Finding 1217196 (2025-010)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-06-09
Audit: 403320
Organization: Town of New Market (IA)

AI Summary

  • Answer: The City’s financial reports mostly comply with requirements.
  • Trend: Consistent issue with missing signatures and dates on reports.
  • List: Ensure all future reports are signed and dated to meet compliance standards.

Finding Text

The City submits financial reports that substantially meet the requirments per the compliance supplement. However, these reports are not signed and dated as required by the compliance supplement.

Corrective Action Plan

The Council now approves all financial reports that are sent to USDA-RD. The Clerk will sign all reports before submitting.

Categories

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Programs in Audit

ALN Program Name Expenditures
10.760 WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES $1.28M
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $22,541