FAC Explorer

Finding 479132 (2023-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-07-22
Audit: 315626
Organization: City of Ruhmore (MN)
Auditor: Carlsonsv LLP

AI Summary

  • Answer: Management acknowledges the need for adjustments to meet GAAP standards.
  • Trend: There is a recognition of limited expertise within the City, impacting the ability to implement these adjustments.
  • List: Follow-up on training or hiring to enhance financial reporting capabilities.

Finding Text

Management’s Response and Actions Planned: The City’s management is aware of the adjustments necessary to present GAAP basis financial statements, but also recognizes the limits in expertise within the City that makes it difficult to make all necessary adjustments.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 479129 2023-001
    Material Weakness Repeat
  • 479130 2023-002
    Significant Deficiency Repeat
  • 479131 2023-003
    Significant Deficiency Repeat
  • 479133 2023-002
    Significant Deficiency Repeat
  • 479134 2023-003
    Significant Deficiency Repeat
  • 479135 2023-001
    Material Weakness Repeat
  • 479136 2023-002
    Significant Deficiency Repeat
  • 479137 2023-003
    Significant Deficiency Repeat
  • 1055571 2023-001
    Material Weakness Repeat
  • 1055572 2023-002
    Significant Deficiency Repeat
  • 1055573 2023-003
    Significant Deficiency Repeat
  • 1055574 2023-001
    Material Weakness Repeat
  • 1055575 2023-002
    Significant Deficiency Repeat
  • 1055576 2023-003
    Significant Deficiency Repeat
  • 1055577 2023-001
    Material Weakness Repeat
  • 1055578 2023-002
    Significant Deficiency Repeat
  • 1055579 2023-003
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.760 Water and Waste Disposal Systems for Rural Communities $1.17M
97.044 Assistance to Firefighters Grant $314,571
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $50,413