Finding 1222774 (2025-003)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2026-07-02

Audit: 406340

Organization: CITY STAPLES (MN)

Auditor: CARLSONSV LLP

AI Summary

Answer: The City plans to improve its year-end close procedures.
Trend: This indicates a focus on ensuring accuracy in financial reporting.
List: Actions include reviewing and reconciling all balance sheet accounts to the trial balance.

Finding Text

Management’s Response and Actions Planned: The City will review its year-end close procedures to insure all balance sheet accounts have been reviewed and reconciled to the trial balance.

Corrective Action Plan

Material Audit Adjustments

Other Findings in this Audit

1222757 2025-001

Material Weakness Repeat
1222758 2025-002

Material Weakness Repeat
1222759 2025-003

Material Weakness Repeat
1222760 2025-001

Material Weakness Repeat
1222761 2025-002

Material Weakness Repeat
1222762 2025-003

Material Weakness Repeat
1222763 2025-001

Material Weakness Repeat
1222764 2025-002

Material Weakness Repeat
1222765 2025-003

Material Weakness Repeat
1222766 2025-001

Material Weakness Repeat
1222767 2025-002

Material Weakness Repeat
1222768 2025-003

Material Weakness Repeat
1222769 2025-001

Material Weakness Repeat
1222770 2025-002

Material Weakness Repeat
1222771 2025-003

Material Weakness Repeat
1222772 2025-001

Material Weakness Repeat
1222773 2025-002

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	$863,707
14.228	COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII	$385,449
97.039	HAZARD MITIGATION GRANT	$264,715
10.698	STATE & PRIVATE FORESTRY COOPERATIVE FIRE ASSISTANCE	$2,500
97.012	BOATING SAFETY FINANCIAL ASSISTANCE	$988
16.543	MISSING CHILDREN'S ASSISTANCE	$708