EIN: 366006144
UEI: LQLNCLHFMNJ4
Audited by: Lauterbach & Amen LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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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 September 19, 2024. 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 March 19, 2025 (539 days ago).
What is a management decision? →During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct liability insurance improperly recorded in prior years. Criteria: A good system of internal controls would provide for accurate recording and reporting of liability insurance expenses on a regular basis in order to provide for accurate financial reporting. Cause: Year-end entries related to liability insurance were required in order to accurately present the City’s financial statements. Effect: A material adjustment to the City’s beginning fund balance was required to properly state liability insurance. Recommendation: We recommend the City implement effective internal controls in order to provide an accurate assessment of reporting requirements. This implementation of improved controls would result in the appropriate recognition for financial reporting requirements. Corrective Action Plan: The City and finance director will implement internal controls to properly record liability insurance expenses, payables, and prepaid expenses on a timely basis prior to audit fieldwork.
Show full finding ▾Hide full finding ▴Condition: During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct liability insurance improperly recorded in prior years. Criteria: A good system of internal controls would provide for accurate recording and reporting of liability insurance expenses on a regular basis in order to provide for accurate financial reporting. Cause: Year-end entries related to liability insurance were required in order to accurately present the City’s financial statements. Effect: A material adjustment to the City’s beginning fund balance was required to properly state liability insurance. Recommendation: We recommend the City implement effective internal controls in order to provide an accurate assessment of reporting requirements. This implementation of improved controls would result in the appropriate recognition for financial reporting requirements. Corrective Action Plan: The City and finance director will implement internal controls to properly record liability insurance expenses, payables, and prepaid expenses on a timely basis prior to audit fieldwork.
Condition: During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct liability insurance improperly recorded in prior years. Plan: The City will implement internal controls to properly record liability insurance expenses, payables, and prepaid expenses on a timely basis prior to audit fieldwork. Anticipated Date of Completion: December 31, 2024
FAC accepted this audit on January 19, 2022 — management decision was due July 19, 2022.
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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