FAC Explorer

Finding 573731 (2023-005)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2025-08-18
Audit: 364392
Organization: Village of New Waterford (OH)
Auditor: Keith Fabor Ohio Auditor of State

AI Summary

  • Core Issue: The Village failed to prepare the required Schedule of Expenditures of Federal Awards due to unawareness of federal funds expended.
  • Impacted Requirements: This oversight led to non-compliance with 2 CFR Subpart F § 200.510(b) and affected the notification of the Auditor of State's office regarding the Village's Single Audit status for 2023.
  • Recommended Follow-Up: Ensure future awareness and training on federal fund expenditures to prevent similar issues and confirm timely completion of required schedules.

Finding Text

2 CFR Subpart F § 200.510(b) requires the auditee prepare a Schedule of Expenditures of Federal Awards (the Schedule) for the period covered by the Village’s financial statements which must include the total federal awards expended as determined in accordance with § 200.502. The Village was not aware federal monies were expended and therefore did not complete a Schedule of Expenditures of Federal Awards or Notes to the Schedule of Expenditures of Federal Awards.  As a result, the Village did not properly notify the Auditor of State's office of the Village's Single Audit status for 2023.  After several discussions with Village personnel, the Schedule of Expenditures of Federal Awards and Notes to the Schedule of Expenditures of Federal awards were completed.

Corrective Action Plan

As stated in the finding (2023-005) the Village was unaware of the monies being Federal Monies as they were received from a State of Ohio distribution, and after a discussion with the auditors the Village prepared the required reports. The village, being a small municipality, does not receive federal funds routinely and I believe the Coronavirus funds will not be something the village anticipates receiving in the future. – Mayor M. Shane Patrone

Categories

Reporting

Other Findings in this Audit

  • 573732 2023-006
    Material Weakness
  • 573733 2023-007
    Material Weakness
  • 1150173 2023-005
    Material Weakness
  • 1150174 2023-006
    Material Weakness
  • 1150175 2023-007
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.05M