FAC Explorer

Finding 480346 (2022-001)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2024-08-05
Audit: 316601
Organization: Town of Volney, New York (NY)
Auditor: Efpr Group Cpa's PLLC

AI Summary

  • Core Issue: The Data Collection Form for 2022 was not filed on time, breaching federal requirements.
  • Impacted Requirements: Effective internal controls over federal financial reporting were lacking, leading to the late submission.
  • Recommended Follow-Up: Establish proper accounting procedures and controls to ensure timely filing of the Data Collection Form, with a target completion date of December 31, 2024.

Finding Text

Federal Agency - United State Department of Agriculture Federal Program - Water and Waste Disposal Systems for Rural Communities - (10.760) Federal Award Year - 2021 State Agency - Not applicable Reference - 2022-001 Submission of Data Collection Form Criteria - Management is responsible for establishing and maintaining effective internal controls and for the fair presentation of the schedule of expenditures of federal awards. Condition - The Data Collection Form for the year ended December 31, 2022 was not filed with the Federal Audit Clearinghouse within nine months of year-end. Cause - The late filing resulted from a lack of internal controls over Federal financial reporting. Effect of Condition - The Data Collection Form is late and does not meet the Federal requirement. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Recommendation - The Town should establish accounting procedures to properly identify Federal expenditures and implement controls to complete the timely submission of the Data Collection Form. Views of Responsible Officials and Planned Corrective Actions - Finding 2022-001 - The Data Collection Form for the year ended December 31, 2022 was not filed with the Federal Audit Clearinghouse within nine months of year end. a. Implementation of Plan of Action - Management will work with the auditors for timely completion of the audit and filing of the Data Collection Form. b. Implementation Date - Management expects to have this completed December 31, 2024. c. Persons Responsible for the Implementation - The Board of Trustees and the Town Supervisor.

Corrective Action Plan

Name of Auditee: Town of Volney, New York Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by the Audit: Year ended December 31, 2022 CAP Prepared by: Garry Stanard, Town Supervisor Phone: 315-593-8288 Current Findings on the Schedule of Findings and Questioned Costs (1) Finding 2022-001 - The Data Collection Form for the year ended December 31, 2022 was not filed with the Federal Audit Clearinghouse within nine months of year end. a. Implementation of Plan of Action - Management will work with the auditors for timely completion of the audit and filing of the Data Collection Form. b. Implementation Date - Management expects to have this completed December 31, 2024. c. Persons Responsible for the Implementation - The Board of Trustees and the Town Supervisor.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.760 Water and Waste Disposal Systems for Rural Communities $1.18M