FAC Explorer

Finding 573847 (2024-001)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-08-19
Audit: 364494
Organization: City of Belview (MN)
Auditor: Oberloh & Oberloh LTD

AI Summary

  • Answer: Management agrees that preparing financial statements and maintaining disclosure knowledge is not cost-effective for the City.
  • Trend: This reflects a growing recognition of resource allocation challenges in financial reporting.
  • List: Follow up on alternative solutions for financial statement preparation and disclosure management.

Finding Text

Views of Responsible Officials and Planned Corrective Actions: Management agrees with the recommendation that it is not cost effective for the City to prepare the financial statements and maintain a working knowledge of the required disclosures.

Corrective Action Plan

Auditor Prepared Financial Statements

Categories

No categories assigned yet.

Other Findings in this Audit

  • 573848 2024-001
    Significant Deficiency Repeat
  • 573849 2024-001
    Significant Deficiency Repeat
  • 573850 2024-002
    Significant Deficiency Repeat
  • 573851 2024-002
    Significant Deficiency Repeat
  • 573852 2024-002
    Significant Deficiency Repeat
  • 1150289 2024-001
    Significant Deficiency Repeat
  • 1150290 2024-001
    Significant Deficiency Repeat
  • 1150291 2024-001
    Significant Deficiency Repeat
  • 1150292 2024-002
    Significant Deficiency Repeat
  • 1150293 2024-002
    Significant Deficiency Repeat
  • 1150294 2024-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.760 Water and Waste Disposal Systems for Rural Communities $531,721
66.442 Water Infrastructure Improvements for the Nation Small and Underserved Communities Emerging Contaminants Grant Program $326,667
10.698 State & Private Forestry Cooperative Fire Assistance $2,500