FAC Explorer

Finding 580163 (2023-002)

-
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2023-12-08
Audit: 5879
Organization: Utah Associated Municipal Power Systems (UT)
Auditor: Deloitte & Touche LLP

AI Summary

  • Answer: UAMPS missed including year-end accruals, leading to an understatement of $7.9 million in federal expenditures.
  • Trend: This oversight indicates a potential pattern of inaccuracies in financial reporting.
  • List: Follow up by reviewing reporting processes and ensuring year-end accruals are consistently included in future reports.

Finding Text

UAMPS did not include the year-end accrual of expenditures in the amount of cumulative federal expenditures reported in its fourth quarter SF-425 Federal Financial Report, resulting in and understatement of approximately $7.9 million in cumulative federal expenditures under this program.

Categories

Reporting

Other Findings in this Audit

  • 3720 2023-001
    Significant Deficiency
  • 3721 2023-002
    -
  • 580162 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
81.121 Nuclear Energy Research, Development and Demonstration $61.56M