FAC Explorer

Finding 566970 (2024-001)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-06-25
Audit: 359832
Organization: City of Demopolis (AL)
Auditor: Lecroy Richardson PC

AI Summary

  • Core Issue: The City failed to file the audit report with the Federal Audit Clearinghouse within the required nine-month period after the fiscal year end.
  • Impacted Requirements: This delay violates the Uniform Guidance, which mandates timely filing of audit reports.
  • Recommended Follow-up: The City should implement measures to ensure that audited financial statements are completed and filed on time in the future.

Finding Text

Material Weakness - Timely Filing of Audit Report with Federal Audit Clearinghouse Condition: The City did not file the audit report with the Federal Audit Clearinghouse within nine months of the fiscal year end as required by Uniform Guidance. Criteria: Management is responsible for filing the audit report with the Federal Audit Clearinghouse within nine months of the fiscal year end. Cause: The City did not complete the audited financial statements in time for them to be timely filed with the Federal Audit Clearinghouse. Effect: The City's Single Audit information was not provided to the Federal Audit Clearinghouse timely. Recommendation: It is recommended that the City take the necessary steps to ensure that information is provided timely as to ensure that the audited financial statements can be filed with the Federal Audit Clearinghouse within the required timeframe.

Corrective Action Plan

Recommendation: The City should take the necessary steps to ensure that information is provided timely as to ensure that the audited financial statements can be filed with the Federal Audit Clearinghouse within the required timeframe. Action Taken: We concur with the recommendation and it will be implemented through discussions with City personnel and outside CPA firm in preparation for closing out the year ended September 30, 2024.

Categories

Material Weakness

Other Findings in this Audit

  • 1143412 2024-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
20.106 Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and Covid-19 Airports Programs $1.23M
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.01M
20.205 Highway Planning and Construction $51,117
17.258 Wioa Adult Program $7,035
16.922 Equitable Sharing Program $695