Finding 573525 (2024-002)

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Requirement
P
Questioned Costs
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Year
2024
Accepted
2025-08-14
Audit: 364253
Organization: Town of Stanton (TN)
Auditor: Ata PC

AI Summary

  • Core Issue: The Town failed to submit the Single Audit Data Collection Form by the March 31, 2025, deadline.
  • Impacted Requirements: This non-compliance affects the Town's status as a low-risk auditee for future audits, as per 2 CFR section 200.520.
  • Recommended Follow-Up: The Town should establish procedures to ensure timely receipt of the audit report before the submission deadline.

Finding Text

Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Condition: The data collection form for the Single Audit ended June 30, 2024, was not submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The audit report was not issued prior to the March 31, 2025, submission date requirement. Therefore, the data collection form required at audit completion was not filed by this date. Criteria: 2 CFR section 200.512(b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee 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 Effect: The Town has not met the reporting requirements related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, the Town will not meet the low-risk auditee criteria for future Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years Recommendation: We recommend the Town to develop specific procedures to ensure that the audit report is received prior to the March 31 reporting deadline. Response: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future.

Corrective Action Plan

Management’s Corrective Action Plan The Town of Stanton respectfully submits the following corrective action plan for the year ended June 30, 2024. Name and address of independent public accounting firm: ATA, PC 185 North Church Street Dyersburg, TN 38024 Responsible officials for corrective action: Norman Bauer, Mayor Town of Stanton Signature: Audit period: June 30, 2024 The findings from the June 30, 2024, schedule of findings, recommendations and responses are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Finding 2024 – 001 – Segregation of Duties – Significant Deficiency Corrective Action Taken or Planned: We have hired an additional employee at City Hall in order to properly segregate duties. Anticipated Completion Date: June 30, 2025 Finding 2024 – 002 – Single Audit Data Collection Form Not Filed by Due Date Corrective Action Taken or Planned: The Town will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future. Anticipated Completion Date: June 30, 2025

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.760 Water and Waste Disposal Systems for Rural Communities $5.00M
90.201 Delta Area Economic Development $1.62M
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $413,066
14.239 Home Investment Partnership Program $355,708
21.027 Coronavirus State and Local Fiscal Recovery Funds $320,090