Finding 1224747 (2024-003)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2026-07-27
Audit: 407939
Organization: City of Nevada City (CA)
Auditor: LSL LLP

AI Summary

  • Issue: There was a late submission of the Single Audit, indicating a material weakness and noncompliance with deadlines.
  • Trend: This delay could suggest ongoing challenges in meeting compliance requirements, potentially affecting future audits.
  • Follow-up: Recommend implementing a timeline review process to ensure timely submissions and prevent recurrence of this issue.

Finding Text

Late Submission of Single Audit Material Weakness/Noncompliance

Corrective Action Plan

The City will implement formalized deadlines and year-end closing procedures to ensure timeliness, completeness and accuracy of the Schedule of Expenditures of Federal Awards. Proposed Completion Date: 6/30/2026

Categories

Material Weakness

Other Findings in this Audit

  • 1224746 2024-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.205 HIGHWAY PLANNING AND CONSTRUCTION $1.52M
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $524,314