Finding 1228478 (2022-013)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2022

Accepted

2026-08-31

Audit: 410134

Organization: CITY OF HAMBURG (IA)

Auditor: IOWA AUDITOR OF STATE

AI Summary

Answer: The City received funds over five days before disbursing them in three cases.
Trend: This indicates a potential issue with cash flow management and compliance with disbursement timelines.
List: Follow up by reviewing disbursement policies and ensuring timely fund management practices are in place.

Finding Text

A review of the City's records identified three instances where the city received funds more than five days before they disbursed those funds.

Corrective Action Plan

Currently, requests for reimbursement and the associated invoices are reviewed by the City Council before submission. Upon approval and subsequent receipt of funds from the funding agency, the City is required to pay out funds within 10 days.

Other Findings in this Audit

1228475 2022-011

Material Weakness Repeat
1228476 2022-012

Material Weakness Repeat
1228477 2022-012

Material Weakness Repeat
1228479 2022-014

Material Weakness Repeat
1228480 2022-014

Material Weakness Repeat
1228481 2022-014

Material Weakness Repeat
1228482 2022-015

Material Weakness Repeat
1228483 2022-015

Material Weakness Repeat
1228484 2022-015

Material Weakness Repeat
1228485 2022-016

Material Weakness Repeat
1228486 2022-016

Material Weakness Repeat
1228487 2022-016

Material Weakness Repeat
1228488 2022-017

Material Weakness Repeat
1228489 2022-017

Material Weakness Repeat
1228490 2022-018

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
97.039	HAZARD MITIGATION GRANT	$1.06M
14.228	COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII	$640,405
10.763	EMERGENCY COMMUNITY WATER ASSISTANCE GRANTS	$537,788
97.036	DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS)	$401,701
21.027	CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS	$4,875