EIN: 366006103
UEI: QCAXA9K2VB17
Audited by: LAUTERBACH & AMEN LLP
Oversight agency: 97 [Department of Homeland Security]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 6, 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 6, 2026 (66 days ago).
What is a management decision? →FAC accepted this audit on January 28, 2025 — management decision was due July 28, 2025.
FAC accepted this audit on August 29, 2024 — management decision was due March 1, 2025.
During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct prior year property tax revenues. Criteria: A good system of internal controls would provide for accurate recording and reporting of revenues and receivables on a regular basis in order to provide for accurate financial reporting. Cause: Year-end entries related to property taxes were required in order to accurately present the Village’s financial statements. Effect: A material adjustment to the Village’s beginning fund balance was required to properly state Property Taxes. Recommendation: We recommend the Village implement effective internal controls in order to provide an accurate assessment of reporting requirements for revenues and receivables. This implementation of improved controls would result in the appropriate recognition for financial reporting requirements. Corrective Action Plan: The Village will implement internal controls to properly record property tax revenue, receivables, and deferred on a timely basis prior to audit fieldwork. Additionally, the Village Finance Director will provide monthly reviews of the financial statements.
Show full finding ▾Hide full finding ▴Restatement to Fund Balance Condition: During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct prior year property tax revenues. Criteria: A good system of internal controls would provide for accurate recording and reporting of revenues and receivables on a regular basis in order to provide for accurate financial reporting. Cause: Year-end entries related to property taxes were required in order to accurately present the Village’s financial statements. Effect: A material adjustment to the Village’s beginning fund balance was required to properly state Property Taxes. Recommendation: We recommend the Village implement effective internal controls in order to provide an accurate assessment of reporting requirements for revenues and receivables. This implementation of improved controls would result in the appropriate recognition for financial reporting requirements. Corrective Action Plan: The Village will implement internal controls to properly record property tax revenue, receivables, and deferred on a timely basis prior to audit fieldwork. Additionally, the Village Finance Director will provide monthly reviews of the financial statements.
Plan: The Village will implement internal controls to properly record property tax revenue, receivables, and deferred on a timely basis prior to audit fieldwork. Additionally, the Village Finance Director will provide monthly reviews of the financial statements.
FAC accepted this audit on June 21, 2023 — management decision was due December 21, 2023.
FAC accepted this audit on September 25, 2022 — management decision was due March 25, 2023.
FAC accepted this audit on January 26, 2021 — management decision was due July 26, 2021.
FAC accepted this audit on March 3, 2020 — management decision was due September 3, 2020.
FAC accepted this audit on February 1, 2019 — management decision was due August 1, 2019.
FAC accepted this audit on January 29, 2018 — management decision was due July 29, 2018.
FAC accepted this audit on January 22, 2017 — management decision was due July 22, 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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