Finding 622875 (2022-007)

-
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-02-27

AI Summary

  • Issue: USDA loan/grant funds were not disbursed from a separate construction bank account.
  • Trend: This practice could lead to potential mismanagement of funds and compliance risks.
  • Recommendation: Establish a dedicated construction bank account for future disbursements to ensure proper tracking and compliance.

Finding Text

A separate construction bank account was not used for disbursement of USDA loan/grant funds used in the street paving project.

Categories

Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.62M
10.766 Community Facilities Loans and Grants $1.47M
14.239 Home Investment Partnerships Program $240,562
16.710 Public Safety Partnership and Community Policing Grants $137,899
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $52,522
20.205 Highway Planning and Construction $37,661
20.106 Airport Improvement Program $32,000
20.607 Alcohol Open Container Requirements $18,512
97.044 Assistance to Firefighters Grant $4,585
10.664 Cooperative Forestry Assistance $3,000