FAC Explorer

Finding 574148 (2024-005)

Significant Deficiency
Requirement
B
Questioned Costs
-
Year
2024
Accepted
2025-08-21
Audit: 364720
Organization: New Mexico Rural Water Association (NM)
Auditor: Michael L Moore CPA LLC

AI Summary

  • Core Issue: Internal control policies for disbursements are not consistently followed.
  • Impacted Requirements: Lack of proper documentation, review, and approval for each disbursement.
  • Recommended Follow-up: Ensure all disbursements have complete documentation and are recorded accurately in the general ledger.

Finding Text

roperly designed internal control policies address controls governing disbursements. Each disbursement should be supported with proper documentation (e.g. invoice, contract, etc.), include documentation of review and approval, and be properly recorded in the general ledger.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 574146 2024-004
    Significant Deficiency Repeat
  • 574147 2024-005
    Significant Deficiency
  • 1150588 2024-004
    Significant Deficiency Repeat
  • 1150589 2024-005
    Significant Deficiency
  • 1150590 2024-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
10.U01 Circuit Rider $423,122
10.761 Water and Waste Technical Assistance and Training Grants $275,125
10.761 Energy Efficiency $145,496
66.424 Surveys, Studies, Investigations, Demonstrations, and Training Grants - Section 1442 of the Safe Drinking Water Act $137,235
10.761 Apprenticeship Program $114,684
10.U02 Ag Source Water $108,848
66.446 Wasterwater Tribal Community Technical Assistance Program $84,092
10.862 Rural Decentralized Water Systems Grant Program $39,309
66.446 Technical Assistance for Small/rural Decentralized Wastewater Systems $34,704
66.446 Training and Technical Assistance for Wasterwater Lagoons $14,710
66.446 Priority Area 2 Technical Assistance for Small/rural Wastewater Systems $11,538