Finding 507807 (2023-003)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2024-11-13
Audit: 328311
Organization: Colfax County (NM)

AI Summary

  • Issue: The County is not completing drawdowns for Federal awards on time.
  • Trend: This delay could lead to cash flow problems and affect future funding.
  • Recommendation: Implement a schedule to ensure timely drawdowns moving forward.

Finding Text

During our testing, we noted the County was not performing timely drawdowns of Federal awards

Corrective Action Plan

Colfax County worked with NM Department of Transportation and Federal Railraod Administration to collect project status information and submit all outstanding progress reports. To date Colfax has been successful in maintaining open communication and receiving support from NMDOT and FRA. All reporting requirements are current and reimbursement has been issued to the County.

Categories

Cash Management

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
20.933 National Infrastructure Investments $7.55M
20.106 Airport Improvement Program, Covid-19 Airports Programs, and Infrastructure Investment and Jobs Act Programs $322,508