FAC Explorer

Finding 9880 (2023-004)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-01-24
Audit: 13511
Organization: Lower Elkhorn Natural Resources District (NE)
Auditor: Dana F Cole & Company LLP

AI Summary

  • Answer: The District lacks effective internal controls for managing federal award expenditures.
  • Trend: This issue may lead to incomplete or inaccurate financial reporting.
  • List: Management should implement a robust internal control system to ensure compliance with accounting standards.

Finding Text

The District does not have a system of internal control that would provide management with reasonable assurance that the District's schedule of expenditures of federal awards and related disclosures are complete and presented in accordance with the accrual basis of accounting.

Corrective Action Plan

The District relies on the auditor to propose adjustments necessary to prepare the schedule of expenditures of federal awards including the related note disclosures. The District reviews the schedule of expenditures of federal awards and approves all adjustments.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 9881 2023-004
    Significant Deficiency
  • 586322 2023-004
    Significant Deficiency
  • 586323 2023-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
66.460 Nonpoint Source Implementation Grants $339,558
10.904 Watershed Protection and Flood Prevention $306,024
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $240,130
97.041 National Dam Safety Program $170,325
10.902 Soil and Water Conservation $122,091
66.468 Capitalization Grants for Drinking Water State Revolving Funds $10,000