FAC Explorer

Finding 388484 (2023-003)

Significant Deficiency Repeat Finding
Requirement
C
Questioned Costs
-
Year
2023
Accepted
2024-03-29
Audit: 300206
Organization: Town of Middlebury, Vermont (VT)
Auditor: Kittell Branagan & Sargent

AI Summary

  • Core Issue: Loan reimbursement requests are not being made on time.
  • Impacted Requirements: Timely requests are essential to prevent taxpayers from covering project costs.
  • Recommended Follow-Up: Ensure loan reimbursements are requested regularly during project execution.

Finding Text

2023 – 3 Loan Reimbursement Requests - During the course of our audit it was noted that loan reimbursement request is not being conducted timely. Criteria: Loan reimbursements should be requested in a timely manner or else the taxpayers are being responsible to cover the bills. This also makes calculating expenditures related to possible single audits to be reconciled. Cause: Unknown Effect: Taxpayers are being responsible to cover the bills of projects that they previous approved to be paid by debt. Recommendation: Request reimbursement of loans throughout the project. Management Response: Management is making more of an effort to request reimbursement throughout a project rather than completion.

Categories

Cash Management Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 388477 2023-001
    Significant Deficiency Repeat
  • 388478 2023-002
    Significant Deficiency Repeat
  • 388479 2023-003
    Significant Deficiency Repeat
  • 388480 2023-004
    Significant Deficiency Repeat
  • 388481 2023-005
    Significant Deficiency Repeat
  • 388482 2023-001
    Significant Deficiency Repeat
  • 388483 2023-002
    Significant Deficiency Repeat
  • 388485 2023-004
    Significant Deficiency Repeat
  • 388486 2023-005
    Significant Deficiency Repeat
  • 964919 2023-001
    Significant Deficiency Repeat
  • 964920 2023-002
    Significant Deficiency Repeat
  • 964921 2023-003
    Significant Deficiency Repeat
  • 964922 2023-004
    Significant Deficiency Repeat
  • 964923 2023-005
    Significant Deficiency Repeat
  • 964924 2023-001
    Significant Deficiency Repeat
  • 964925 2023-002
    Significant Deficiency Repeat
  • 964926 2023-003
    Significant Deficiency Repeat
  • 964927 2023-004
    Significant Deficiency Repeat
  • 964928 2023-005
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
97.039 Hazard Mitigation Grant $1.36M
66.458 Capitalization Grants for Clean Water State Revolving Funds $814,557
96.001 Social Security_disability Insurance $600,000
97.067 Homeland Security Grant Program $33,000
20.205 Highway Planning and Construction $15,771
10.664 Cooperative Forestry Assistance $4,560
97.047 Pre-Disaster Mitigation $668
45.310 Grants to States $571