Finding 527057 (2023-001)

Requirement

Questioned Costs

Year

2023

Accepted

2025-03-14

Audit: 346172

Organization: Village of Clayton, New York (NY)

Auditor: Grossman St Amour CPAS

AI Summary

Answer: The Village missed the deadline for submitting its single audit.
Trend: Timely submission of audits is crucial for compliance and transparency.
List: Follow up on the reasons for the delay and ensure future audits are submitted on time.

Finding Text

The Village met the requirements for a Single Audit and is required to submit its annual financial statements and single audit reporting requuirements within 9 months of the Villages fiscal year end. The Village did not complete and submit its single audit by February 29, 2024.

Corrective Action Plan

The Village procured a new audit firm in January 2024 to complete its past audits and submissions for fiscal years 2022 and 2023. Upon submission of these reports, the Village will be up to date through May 31, 2023 with its filings. The Village is expected to have its May 31, 2024 audit and required submissions completed on time, by February 28, 2025.

Other Findings in this Audit

1103499 2023-001

-

Programs in Audit

ALN	Program Name	Expenditures
10.766	Community Facilities Loans and Grants	$2.50M
97.036	Disaster Grants - Public Assistance (presidentially Declared Disasters)	$691,513
21.027	Coronavirus State and Local Fiscal Recovery Funds	$64,001