FAC Explorer

Finding 4208 (2021-002)

Significant Deficiency Repeat Finding
Requirement
E
Questioned Costs
-
Year
2021
Accepted
2023-12-13
Audit: 6516
Organization: City of Louisville, Mississippi (MS)
Auditor: Watkins Ward and Stafford PLLC

AI Summary

  • Answer: A physical inventory will be conducted every two years to match property records.
  • Trend: This practice aims to improve accountability and reduce property loss or damage.
  • List: Develop a control system for better safeguards against theft and damage.

Finding Text

Views of Responsible Officials: We will perform a physical inventory of the property with the results reconciled with the property records at least once every two years. Also a control system will be developed to ensure adequate safeguards to prevent loss, damage, or theft of the property

Categories

Equipment & Real Property Management

Other Findings in this Audit

  • 4205 2021-002
    Significant Deficiency Repeat
  • 4206 2021-002
    Significant Deficiency Repeat
  • 4207 2021-002
    Significant Deficiency Repeat
  • 580647 2021-002
    Significant Deficiency Repeat
  • 580648 2021-002
    Significant Deficiency Repeat
  • 580649 2021-002
    Significant Deficiency Repeat
  • 580650 2021-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $79,800
20.106 Airport Improvement Program $12,150
20.205 Highway Planning and Construction $11,698