TOWN OF FAIRFIELD VERMONT

EIN: 036003260

UEI: HEMXLUWNEJS3

Data as of August 23, 2026

TOWN OF FAIRFIELD VERMONT1 audit years1 findings1 repeat
1
Audit Years
1
Total Findings
1
Repeat Findings

FY 2022-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on September 28, 2023. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by March 28, 2024 (878 days ago).

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2022-001
Other
MATERIAL WEAKNESSREPEAT

One Material Weakness and no significant deficiencies relating to the audit of the basic financial statements of Town of Fairfield, Vermont are reported in the Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and other Matters Based on an Audit of the Financial Statements performed in Accordance with Governmental Auditing Standards.

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Full finding narrative

One Material Weakness and no significant deficiencies relating to the audit of the basic financial statements of Town of Fairfield, Vermont are reported in the Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and other Matters Based on an Audit of the Financial Statements performed in Accordance with Governmental Auditing Standards.

Corrective Action Plan

The Town will continue to rely on its auditors to perform non-attest services to prepare the financial statements. Management will continue to approve and take full responsibility for any non-attest services provided. As noted above, it is not feasible for many small towns, including the town of Fairfield, Vermont, to invest the time and money in training for the preparation of the financial statements in-house. The local emphasis is placed instead on ensuring that the entries into the local accounting system are accurate and timely, therefor providing good information for the accurate preparation of the financial statements.

Prior Finding References

2021-001

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