FAC Explorer

Finding 502100 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2024-10-09
Audit: 324290
Organization: Town of Geraldine (MT)
Auditor: Doyle & Associates PC

AI Summary

  • Answer: The Town missed the deadline for submitting its single audit report.
  • Trend: This indicates a potential pattern of non-compliance with federal audit requirements.
  • List: Follow up by ensuring timely submission of future audit reports and reviewing compliance processes.

Finding Text

Condition: The Town was subject to a single audit for the fiscal year ended June 30, 2022. Uniform Guidance requires the single audit to be complete and the data collection form and audit reporting package submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period. The audit report had not been submitted by the deadline.

Corrective Action Plan

The Town acknowledges that the audit was late due to turnover of key positions, causing a delay in completion of the Town's fiscal year 2021 audit which resulted in further delay of the fiscal year 2022 audit. Going forward we will attempt to coordinate employment transitions for key positions.

Categories

Reporting

Other Findings in this Audit

  • 502101 2022-001
    Material Weakness Repeat
  • 502102 2022-001
    Material Weakness Repeat
  • 1078542 2022-001
    Material Weakness Repeat
  • 1078543 2022-001
    Material Weakness Repeat
  • 1078544 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.760 Water and Waste Disposal Systems for Rural Communities $574,509
21.027 Coronavirus State and Local Fiscal Recovery Funds $20,041