EIN: 066002121
UEI: PNKKP62NU2F1
Audit also covers EIN: 066001555 · unlinked EINs have no separate FAC filing
Audited by: CLIFTONLARSONALLEN LLP
Oversight agency: 21 [Department of the Treasury]
View federal awards & risk assessment →
Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 12, 2026. 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 July 12, 2026 (58 days ago).
What is a management decision? →Testing of the March 31, 2025 report revealed cumulative expenditures did not match underlying accounting records, indicating no effective controls to ensure accuracy. Questioned Costs: Total cumulative expenditures were underreported by $271,749. Context: The Town submitted Project and Expenditure Reports that did not tie to underlying accounting records. Cause: Expenditures were underreported due to incorrect report parameters used to generate supporting documentation used in the report preparation and inadequate review controls. Effect: Inaccurate reporting could result in misrepresentation of progress in program/project status and eligible expenditures to date. Without proper controls in place over reporting, inaccurate project information could be reported and not detected by the Town. Repeat Finding: No Recommendation: We recommend the Town strengthen processes and internal controls over grant expenditure reporting to ensure accurate data and proper review before submission. Views of Responsible Officials: Management agrees with this finding.
Show full finding ▾Hide full finding ▴Federal Agency: Department of the Treasury Federal Program Name: COVID-19 – Coronavirus State and Local Fiscal Recovery Funds Assistance Listing Number: 21.027 Federal Award Identification Number and Year: March 3, 2021 through December 31, 2026 Award Period: 2025 Type of Finding: Material Weakness in Internal Control over Compliance Criteria: The Town is required to submit annual Project and Expenditure Reports as of March 31st, per Coronavirus State and Local Fiscal Recovery Fund Reporting Compliance Requirements. The Town internal control processes over reporting require review and approval of project expenditure reports for accuracy prior to submission to the granting agency. Condition: Testing of the March 31, 2025 report revealed cumulative expenditures did not match underlying accounting records, indicating no effective controls to ensure accuracy. Questioned Costs: Total cumulative expenditures were underreported by $271,749. Context: The Town submitted Project and Expenditure Reports that did not tie to underlying accounting records. Cause: Expenditures were underreported due to incorrect report parameters used to generate supporting documentation used in the report preparation and inadequate review controls. Effect: Inaccurate reporting could result in misrepresentation of progress in program/project status and eligible expenditures to date. Without proper controls in place over reporting, inaccurate project information could be reported and not detected by the Town. Repeat Finding: No Recommendation: We recommend the Town strengthen processes and internal controls over grant expenditure reporting to ensure accurate data and proper review before submission. Views of Responsible Officials: Management agrees with this finding.
Description of Finding Material Weakness in Internal Control over Compliance - Reporting Statement of Concurrence or Nonconcurrence Please note that Town of Waterford Management concurs with this finding. Corrective Action After contacting the US Treasury Department regarding the error in reporting ARPA obligations/encumbrances versus an expenditure, I was advised to correct when submitting my April 2026 expenditure report. As advised, the upcoming report will correct the reporting of obligations and expenditures.
FAC accepted this audit on December 18, 2024 — management decision was due June 18, 2025.
FAC accepted this audit on January 9, 2024 — management decision was due July 9, 2024.
FAC accepted this audit on February 28, 2023 — management decision was due August 28, 2023.
FAC accepted this audit on May 23, 2022 — management decision was due November 23, 2022.
FAC accepted this audit on November 23, 2020 — management decision was due May 23, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
Finding No.2019-001 Procurement and Suspension and Debatement Program All Federal Programs Criteria The Board of Education of the Town of Waterford must comply with procurement standards set out at 2 CFR sections 200.318 through 200.326 within Uniform Guidance. Condition The Board of Education?s procurement standards do not include the essential elements as outlined in 2 CFR sections 200.318 through 200.326 Questioned Costs None noted. Context Although the Board of Education did not have a policy in place in conformity with the federal uniform guidance criteria, the Board of Education did follow the State procedures as it relates to the contracts under the procurements applicable to the Town of Waterford?s major program. Effect With the absence of a compliant policy for the Board of Education, the Town of Waterford is at risk for noncompliance as it relates to federal procurement. Cause The Board of Education was unaware of the details surrounding the new procurement standards. Recommendation We recommend that the Board of Education review its formal procurement policies and make necessary changes to comply with the criteria as set out in 2 CFR sections 200.318 and 200.326. Views of Responsible Officials and Planned Corrective Actions Management agrees with this finding.
Show full finding ▾Hide full finding ▴Finding No.2019-001 Procurement and Suspension and Debatement Program All Federal Programs Criteria The Board of Education of the Town of Waterford must comply with procurement standards set out at 2 CFR sections 200.318 through 200.326 within Uniform Guidance. Condition The Board of Education?s procurement standards do not include the essential elements as outlined in 2 CFR sections 200.318 through 200.326 Questioned Costs None noted. Context Although the Board of Education did not have a policy in place in conformity with the federal uniform guidance criteria, the Board of Education did follow the State procedures as it relates to the contracts under the procurements applicable to the Town of Waterford?s major program. Effect With the absence of a compliant policy for the Board of Education, the Town of Waterford is at risk for noncompliance as it relates to federal procurement. Cause The Board of Education was unaware of the details surrounding the new procurement standards. Recommendation We recommend that the Board of Education review its formal procurement policies and make necessary changes to comply with the criteria as set out in 2 CFR sections 200.318 and 200.326. Views of Responsible Officials and Planned Corrective Actions Management agrees with this finding.
Finding 2019-001 PROCUREMENT UNIFORM GUIDANCE Description of Finding: The Board of Education?s procurement standards do not include the essential elements as outlined in 2 CFR sections 200.318 through 200.326 Statement of Concurrence or Nonconcurrence: Management from the Board of Education concurs with the finding and did not know a policy regarding Federal Procurement Uniform Guidance had to be implemented in Fiscal Year 2019. The Board of Education did follow the State procedures as it relates to the contracts under the procurements applicable to the Town of Waterford?s major program. Corrective Action: The Board of Education plans to formally adopt the Town of Waterford?s Federal Procurement Policy. Name of Contact Person: Joe Mancini Projected Completion Date: February 2020
FAC accepted this audit on January 12, 2019 — management decision was due July 12, 2019.
FAC accepted this audit on February 26, 2018 — management decision was due August 26, 2018.
FAC accepted this audit on March 6, 2017 — management decision was due September 6, 2017.
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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