Village of Thornton

EIN: 366006125

UEI: ZZJ8YYCJBZX9

Data as of August 24, 2026

Village of Thornton1 audit years2 findings
1
Audit Years
2
Total Findings
0
Repeat Findings

FY 2024-04-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 13, 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 April 13, 2026 (134 days ago).

What is a management decision? →
2024-001
Activities Allowed or Unallowed / Reporting
MATERIAL WEAKNESS

During our current year-end audit procedures, we noted that the employee timesheets were not approved by Department Heads. Criteria: A good system of internal controls would require all timesheets having approvals prior to processing payroll. Cause: The Village lacks a formal policy or enforcement mechanism requiring department approval of timesheets before payroll is processed. Effect: There is an increased risk of inaccurate payroll payments, such as overpayment or unapproved time. This could potentially result in financial loss or noncompliance with regulations. Recommendation: We recommend that timesheets be approved by Department Heads prior to payroll processing as a means of better internal controls. Corrective Action Plan: The Village Administrator, Treasurer, and staff will implement procedures to ensure timesheets are approved by Department Heads prior to processing payroll.

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Full finding narrative

Finding 2024 – 001: Timesheet Approval Condition: During our current year-end audit procedures, we noted that the employee timesheets were not approved by Department Heads. Criteria: A good system of internal controls would require all timesheets having approvals prior to processing payroll. Cause: The Village lacks a formal policy or enforcement mechanism requiring department approval of timesheets before payroll is processed. Effect: There is an increased risk of inaccurate payroll payments, such as overpayment or unapproved time. This could potentially result in financial loss or noncompliance with regulations. Recommendation: We recommend that timesheets be approved by Department Heads prior to payroll processing as a means of better internal controls. Corrective Action Plan: The Village Administrator, Treasurer, and staff will implement procedures to ensure timesheets are approved by Department Heads prior to processing payroll.

Corrective Action Plan

Condition: During our current year-end audit procedures, we noted that the employee timesheets were not approved by Department Heads. Plan: The Village Administrator, Treasurer, and staff will implement procedures to ensure timesheets are approved by Department Heads prior to processing payroll. Anticipated Date of Completion: Fiscal Year 2025 Name of Contact Person: Vivian Payne, Village Administrator and Arlette Frye, Treasurer Management Response: The Village has implemented procedures to ensure that timesheets are properly approved. The Village Administrator and Treasurer will periodically check to determine that all procedures are being performed as implemented.

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2024-002
Activities Allowed or Unallowed / Reporting

During audit fieldwork, our testing resulted in significant audit adjustments in order to present materially accurate financial statements. Criteria: A good system of internal controls would provide for accurate representations of adjusted account balances for all Village accounts prior to audit fieldwork. Cause: Year-end entries related to various accruals and other items were required in order to accurately present the Village’s financial statements. Effect: The Village’s financial statements were not fully adjusted prior to audit fieldwork. Recommendation: A vital process of effective internal controls is the review and subsequent adjustment of general ledger balances. This review and adjustment will aid in the appropriate budgeting and management of the Village’s financial activities and resources. Corrective Action Plan: The Village Administrator and Treasurer, along with staff, will review year-end adjustments as part of the audit preparation process and work to reduce the number of entries proposed by the auditors and prepare fully adjusted financial statements prior to audit fieldwork.

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Full finding narrative

Finding 2024 – 002: Audit Journal Entries Condition: During audit fieldwork, our testing resulted in significant audit adjustments in order to present materially accurate financial statements. Criteria: A good system of internal controls would provide for accurate representations of adjusted account balances for all Village accounts prior to audit fieldwork. Cause: Year-end entries related to various accruals and other items were required in order to accurately present the Village’s financial statements. Effect: The Village’s financial statements were not fully adjusted prior to audit fieldwork. Recommendation: A vital process of effective internal controls is the review and subsequent adjustment of general ledger balances. This review and adjustment will aid in the appropriate budgeting and management of the Village’s financial activities and resources. Corrective Action Plan: The Village Administrator and Treasurer, along with staff, will review year-end adjustments as part of the audit preparation process and work to reduce the number of entries proposed by the auditors and prepare fully adjusted financial statements prior to audit fieldwork.

Corrective Action Plan

Condition: During audit fieldwork, our testing resulted in significant audit adjustments in order to present materially accurate financial statements. Plan: The Village Administrator and Treasurer, along with staff, will review year-end adjustments as part of the audit preparation process and work to reduce the number of entries proposed by the auditors and prepare fully adjusted financial statements prior to audit fieldwork. Anticipated Date of Completion: Fiscal Year 2025 Name of Contact Person: Vivian Payne, Village Administrator and Arlette Frye, Treasurer Management Response: Most audit adjustments were identified by Village staff during the audit process. The timing of the audit and audit preparation was greatly affected by several unusual events during this fiscal year, a cyber-attack and retirement of key department heads to name a few. This resulted in delayed audit preparation. For fiscal year 2025, the Village is moving from a part-time, remote treasurer position to a full-time in-theoffice treasurer. This move along with the stabilization of staff will greatly improve efficiency and timeliness of all functions.

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