EIN: 201973256
UEI: D1GLAK2CGQX7
Audited by: Darrell W. Wates, CPA, PC
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 June 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 December 4, 2025 (274 days ago).
What is a management decision? →FAC accepted this audit on October 2, 2025 — management decision was due April 2, 2026.
Section 4.5 of the Water Revenue Bond Series 2020-DWSRF-DL states: “The Loan Recipient shall comply with the provisions of the federal Single Audit Act and Office of Management and Budget's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly called "Uniform Guidance"). Audit Requirements must be conducted according to Generally Accepted Accounting Principles as defined by the Governmental Accounting Standards Board and revisions, updates or successors.” The Authority failed to obtain an audit in accordance with the Single Audit Act within nine months after the end of the entity’s fiscal year, as required. The Authority contracted with an independent certified public accountant who conducted and issued the audit under generally accepted auditing standards. It was not until some time later when the Authority changed accounting firms that the issue was discovered and the audit was reperformed.
Show full finding ▾Hide full finding ▴Section 4.5 of the Water Revenue Bond Series 2020-DWSRF-DL states: “The Loan Recipient shall comply with the provisions of the federal Single Audit Act and Office of Management and Budget's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly called "Uniform Guidance"). Audit Requirements must be conducted according to Generally Accepted Accounting Principles as defined by the Governmental Accounting Standards Board and revisions, updates or successors.” The Authority failed to obtain an audit in accordance with the Single Audit Act within nine months after the end of the entity’s fiscal year, as required. The Authority contracted with an independent certified public accountant who conducted and issued the audit under generally accepted auditing standards. It was not until some time later when the Authority changed accounting firms that the issue was discovered and the audit was reperformed.
The organization contracted with an independent CPA and engaged that firm to conduct the omitted Single Audits, as soon as the oversight was brought to the organization's attention (by the new firm). The Single Audits were conducted for both 2021 and 2022 and were being submitted at the same time. The organization has also reviewed Federal guidelines, bond covenants and other details. The organization has created new internal control policies and has documented these. Further, they have discussed the requirements and importance with management and governance. They have designed policies to monitor and review this area to ensure future compliance.
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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