Finding 1219598 (2016-003)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2016

Accepted

2026-06-26

Audit: 405181

Organization: VILLAGE OF ANIAK (AK)

Auditor: NEWHOUSE & VOGLER CPAS

AI Summary

Answer: The Village of Aniak has a cash shortfall of about $54,248, as cash on hand is significantly less than refundable advances.
Trend: This indicates a potential ongoing issue with cash management and funding discrepancies.
List: Follow up by reviewing cash flow practices and reconciling grantor advances to ensure proper financial oversight.

Finding Text

During the audit of Village of Aniak, we identified that total available cash was less than total advances from grantors. Specifically, refundable advances totaled approximately $69,976, while related cash balances totaled approximately $15,728, resulting in an unsupported deficit of approximately $54,248.

Corrective Action Plan

Management acknowledges the finding and commits to taking corrective action. A thorough review of the factors contributing to the available cash falling short of total refundable advances will be conducted, and procedural enhancements will be implemented to ensure that adequate cash balances are maintained.

Other Findings in this Audit

1219593 2016-002

Material Weakness Repeat
1219594 2016-003

Material Weakness Repeat
1219595 2016-002

Material Weakness Repeat
1219596 2016-003

Material Weakness Repeat
1219597 2016-002

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
93.612	NATIVE AMERICAN PROGRAMS	$264,221
93.568	LOW-INCOME HOME ENERGY ASSISTANCE	$199,130
66.926	INDIAN ENVIRONMENTAL GENERAL ASSISTANCE PROGRAM (GAP)	$117,584
20.205	HIGHWAY PLANNING AND CONSTRUCTION	$72,778
15.021	CONSOLIDATED TRIBAL GOVERNMENT	$10,642
15.144	INDIAN CHILD WELFARE ACT TITLE II GRANTS	$1,331