FAC Explorer

Finding 410377 (2022-004)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-08-09
Audit: 311962
Organization: Eastern Wyoming Public Service District (WV)
Auditor: David L Howell CPA

AI Summary

  • Core Issue: Eastern Wyoming Public Service District missed the audit submission deadline as required by Uniform Guidance section 200.512.
  • Impacted Requirements: The district lacks internal controls to gather necessary data for the Schedule of Expenditures of Federal Awards.
  • Recommended Follow-Up: Hire an accountant to ensure proper data collection for future audits and compliance.

Finding Text

2022-004 UNIFORM GUIDANCE AUDIT SUBMISSIONCONDITION: Eastern Wyoming Public Service District failed to meet the audit submission deadline as set forth in the Uniform Guidance section 200.512 ?Report Submission?.CRITERIA: Uniformed Guidance section 200.512 states in part:?...the audit must be completed and the data collection formdescribed in paragraph (b) of this section and reporting packagedescribed in paragraph (c) of this section must be submitted withinthe earlier of 30 calendar days after receipt of the auditor?sreport(s), or nine months after the end of the audit period...?CAUSE: Eastern Wyoming Public Service District does not have internal controls in place to capture information required to be reported on the Schedule of Expenditures of Federal Awards.EFFECT: Because of the failure to capture the required Schedule of Expenditures of Federal Awardsinformation, an extensive and time consuming search for information is required.QUESTIONED COSTS: Not ApplicableREPEAT FINDING PRIOR YEAR FINDING NUMBERYes 2019-002Note: Fiscal year 2021 did not require a single audit and, therefore, this finding will not bereported on the summary schedule of prior year audit findings.RECOMMENDATION: We recommend the Eastern Wyoming Public Service District engage anaccountant that would have the responsibility of capturing all information required to be reported onthe Schedule of Expenditures of Federal Awards.VIEW OF RESPONSIBLE OFFICIALS AND CORRECTIVE ACTIONS: Eastern Wyoming PublicService District will consider the cost benefit of the recommendation.

Corrective Action Plan

June 9, 2023Eastern Wyoming Public Service District respectfully submits the following corrective action plan forthe year ended June 30, 2022.David L. Howell, CPAPO Box 458Belle, West Virginia 25015Audit Period: July 1, 2021 - June 30, 2022The findings from the June 30, 2022 schedule of findings and questioned costs are discussed below.The findings are numbered consistently with the number assigned in the schedule.FINANCIAL STATEMENT FINDINGS:AnticipatedFinding # Title of Finding Contact Person Completion Date2022-001 Filing of Annual Financial William Baisden, 9/30/2023and Statistical Report General ManagerCorrective action planned to be taken:The District will review and modify its policies and procedures to ensure that past due annual financial and statistical reports are completed and filed and that future reports will be filed timely as required by state code.2022-002 Water Revenue Bond William Baisden, 6/30/2024Ordinance - Rate Covenant General ManagerCorrective action planned to be taken:The District will monitor expenses and implement cost saving measures, wherepossible, and evaluate the potential need for a rate increase in order to comply with theprovisions of the bond covenants.2022-003 Working Capital Reserve William Baisden, 6/30/2024General ManagerCorrective action planned to be taken:The District will review Senate Bill No. 234 and their current rates and apply to thePublic Service Commission for a rate increase in future years, if necessary, in order to establish an adequate working capital reserve.FEDERAL AWARD FINDINGS:2022-004 Uniform Guidance Audit William Baisden, 3/31/2024Submission General ManagerCorrective action planned to be taken:The accountant for the Eastern Wyoming Public Service District will begin tracking thefinancial inflows and outflows for each construction project of the District in a mannerthat classifies each according to the appropriate Assistance Listing (AL) number andby transaction date.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
15.252 Abandoned Mine Land Reclamation (amlr) Program $3.14M
21.027 Coronavirus State and Local Fiscal Recovery Funds $124,370