EIN: 046001332
UEI: FLXWSEN3KZ54
Audited by: CBIZ CPAS P.C.
Oversight agency: 21 [Department of the Treasury]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 4, 2025. 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 May 4, 2026 (123 days ago).
What is a management decision? →FAC accepted this audit on March 27, 2024 — management decision was due September 27, 2024.
The Town submitted the annual project and expenditure report timely, however the expenditures reported as of June 30, 2023, did not reconcile with the Town’s accounting ledger. Questioned Costs: None Reported. Context: The Town filed the required project and expenditure report in a timely manner; however the current period expenditures and cumulative expenditures were overstated by $7,215,950 and $6,453,661, respectively. The discrepancies were due to a misunderstanding about how expenditures should be recognized on the project and expenditure report. Effect: The expenditures reported on the Town’s project and expenditure report did not match the accounting ledger. Cause: The Town reported the total allotment of Coronavirus State and Local Fiscal Recovery Funds as expended and obligated on the project and expenditure report, instead of the expenditures incurred and obligated as of March 31, 2023. Recommendation: Management should implement procedures to ensure that current period and cumulative expenditures reported on the project all expenditure report are recorded in the corresponding period that they are reported on the Town’s general ledger. The Town should amend the previous submission so that the correct expenditures are reported. Views of Responsible Officials and Planned Corrective Actions: Management made a good faith effort to submit its reporting to the U.S. Treasury on a timely basis. This was a misunderstanding regarding how the expenditures should be recognized on the project and expenditure report. Management plans to amend the previous submission and to implement procedures to properly report expenditures going forward.
Show full finding ▾Hide full finding ▴2023-001: Reporting to the Federal Government Compliance Requirement: Reporting Type of Finding: Compliance and Internal Control over Compliance – Other MatterCriteria or Specific Requirement: Grantees must comply with reporting requirements established by the U.S. Treasury that includes reporting the total grant expenditures incurred for the reporting period. Since the Town is a Non-Entitlement Unit that was allocated less than $10.0 million in funding, the Town is required to submit, to the U.S. Department of Treasury, a project and expenditure report by April 30, 2022, and annually thereafter. Condition: The Town submitted the annual project and expenditure report timely, however the expenditures reported as of June 30, 2023, did not reconcile with the Town’s accounting ledger. Questioned Costs: None Reported. Context: The Town filed the required project and expenditure report in a timely manner; however the current period expenditures and cumulative expenditures were overstated by $7,215,950 and $6,453,661, respectively. The discrepancies were due to a misunderstanding about how expenditures should be recognized on the project and expenditure report. Effect: The expenditures reported on the Town’s project and expenditure report did not match the accounting ledger. Cause: The Town reported the total allotment of Coronavirus State and Local Fiscal Recovery Funds as expended and obligated on the project and expenditure report, instead of the expenditures incurred and obligated as of March 31, 2023. Recommendation: Management should implement procedures to ensure that current period and cumulative expenditures reported on the project all expenditure report are recorded in the corresponding period that they are reported on the Town’s general ledger. The Town should amend the previous submission so that the correct expenditures are reported. Views of Responsible Officials and Planned Corrective Actions: Management made a good faith effort to submit its reporting to the U.S. Treasury on a timely basis. This was a misunderstanding regarding how the expenditures should be recognized on the project and expenditure report. Management plans to amend the previous submission and to implement procedures to properly report expenditures going forward.
CORRECTIVE ACTION PLAN Oversight Agency for Audit: U.S. Department of Elementary and Secondary Education The Town of Wakefield, Massachusetts respectfully submits the following corrective action plan for the year ended June 30, 2023. Name and address of independent public accounting firm: Powers & Sullivan, LLC 100 Quannapowitt Parkway, Suite 101 Wakefield, MA 01880 Audit period: July 1, 2022 through June 30, 2023 The finding from the June 30, 2023, schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. FINDINGS—FEDERAL AWARD PROGRAMS AUDITS U.S. DEPARTMENT OF TREASURY COVID-19 - Coronavirus State and Local Fiscal Recovery Funds Federal Assistance Listing Number 21.027 2023-001: Reporting to the Federal Government Compliance Requirement: Reporting Type of Finding: Compliance and Internal Control over Compliance – Other Matter Criteria or Specific Requirement: Grantees must comply with reporting requirements established by the U.S. Treasury that includes reporting the total grant expenditures incurred for the reporting period. Since the Town is a Non-Entitlement Unit that was allocated less than $10.0 million in funding, the Town is required to submit, to the U.S. Department of Treasury, a project and expenditure report by April 30, 2022, and annually thereafter. Condition: The Town submitted the annual project and expenditure report timely, however the expenditures reported as of June 30, 2023, did not reconcile with the Town’s accounting ledger. Questioned Costs: None Reported. Context: The Town filed the required project and expenditure report in a timely manner; however the current period expenditures and cumulative expenditures were overstated by $7,215,950 and $6,453,661, respectively. The discrepancies were due to a misunderstanding about how expenditures should be recognized on the project and expenditure report. Effect: The expenditures reported on the Town’s project and expenditure report did not match the accounting ledger. Cause: The Town reported the total allotment of Coronavirus State and Local Fiscal Recovery Funds as expended and obligated on the project and expenditure report, instead of the expenditures incurred and obligated as of March 31, 2023. Recommendation: Management should implement procedures to ensure that current period and cumulative expenditures reported on the project all expenditure report are recorded in the corresponding period that they are reported on the Town’s general ledger. The Town should amend the previous submission so that the correct expenditures are reported. Views of Responsible Officials and Planned Corrective Actions: Management made a good faith effort to submit its reporting to the U.S. Treasury on a timely basis. This was a misunderstanding regarding how the expenditures should be recognized on the project and expenditure report. Management plans to amend the previous submission and to implement procedures to properly report expenditures going forward.
FAC accepted this audit on March 20, 2023 — management decision was due September 20, 2023.
FAC accepted this audit on March 23, 2022 — management decision was due September 23, 2022.
FAC accepted this audit on March 7, 2021 — management decision was due September 7, 2021.
FAC accepted this audit on March 22, 2020 — management decision was due September 22, 2020.
FAC accepted this audit on March 7, 2019 — management decision was due September 7, 2019.
FAC accepted this audit on March 25, 2018 — management decision was due September 25, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴GSA_MIGRATION
GSA_MIGRATION
2016-001
FAC accepted this audit on March 16, 2017 — management decision was due September 16, 2017.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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