EIN: 386005647
UEI: LE61DZNN8MJ4
Data as of August 21, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on August 22, 2021. 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 February 22, 2022 (1641 days ago).
What is a management decision? →Condition and Criteria: The Office of Management and Budget Uniform Guidance requires certain reporting standards. Per the most recent Compliance Supplement, recipients are required to submit Form ED-209, RLF Financial Report and certain key line items are required to be reconciled back to the RLF recipient's financial documents and account balances. Certain key line items were misstated in error, causing several other line items to be incorrect as well. Effect: The required reporting was not accurate for the Military Base Closure grant which could hinder the County?s future funding. Cause: The Finance Director included principal amounts that were written off during the current year as written off loans as well as fully repaid loans, causing several other line items to be incorrect. Context: This was the first year that the County took over preparation of their own ED-209 reporting, which covers the entire fiscal year's worth of grant activity. Questioned Costs: None Auditor's Recommendation: We recommend that the EDA Board and EDA Finance Director read and understand the reporting requirements of the grant. In addition, we recommend that the Finance Director carefully review the reports and have another Board member review the reports prior to submission to ensure the information is accurate. Views of Responsible Officials and Planned Corrective Actions: The EDA Finance Director, understands the issue and will move forward with making sure the information in the reports is accurate and meets the reporting requirements of the grant through careful self-review and having a Board member review reports before they are sent to the EDA. In addition, he has already submitted the corrected December 31, 2020 report to the EDA.
Show full finding ▾Hide full finding ▴Condition and Criteria: The Office of Management and Budget Uniform Guidance requires certain reporting standards. Per the most recent Compliance Supplement, recipients are required to submit Form ED-209, RLF Financial Report and certain key line items are required to be reconciled back to the RLF recipient's financial documents and account balances. Certain key line items were misstated in error, causing several other line items to be incorrect as well. Effect: The required reporting was not accurate for the Military Base Closure grant which could hinder the County?s future funding. Cause: The Finance Director included principal amounts that were written off during the current year as written off loans as well as fully repaid loans, causing several other line items to be incorrect. Context: This was the first year that the County took over preparation of their own ED-209 reporting, which covers the entire fiscal year's worth of grant activity. Questioned Costs: None Auditor's Recommendation: We recommend that the EDA Board and EDA Finance Director read and understand the reporting requirements of the grant. In addition, we recommend that the Finance Director carefully review the reports and have another Board member review the reports prior to submission to ensure the information is accurate. Views of Responsible Officials and Planned Corrective Actions: The EDA Finance Director, understands the issue and will move forward with making sure the information in the reports is accurate and meets the reporting requirements of the grant through careful self-review and having a Board member review reports before they are sent to the EDA. In addition, he has already submitted the corrected December 31, 2020 report to the EDA.
2020-003 ? Economic Adjustment Grant for Military Base Closures - Reporting Finding: Certain key line items in the Form ED-209 which are required to be reconciled back to financial documents and account balances were misstated in error, causing several other line items to be incorrect as well. Corrective Action: The EDA Board and EDA Finance Director will read and understand the reporting requirements of the grant and in addition to careful self-review, the Finance Director will have another Board member review any reports prior to sending them to the EDA. Contact Person Responsible for Corrective Action: Ken Cook, EDA Finance Director Anticipated Completion Date: The corrected report has already been submitted to the EDA and accurate, independently reviewed reports will be submitted moving forward.
Condition and Criteria: Pursuant to 2 CFR section 200.303(a), Iosco County is required to establish and maintain effective internal control over the federal award that provides reasonable assurance that the County is managing the federal award in compliance with federal statutes, regulations, and the terms and conditions of the federal award. The County did not maintain effective internal control over the Military Base Closures grant with respect to not having a secondary review of information submitted to the oversight agency. Effect: The County is susceptible to errors and mismanagement of their federal awards as was the case with reporting errors made noted at finding 2020-003. Cause: Among the difficulties presented by transition in staffing within the EDA over the past couple years, roles have changed and internal controls such as secondary review were not maintained through that transition. Context: Management did not maintain effective internal control with respect to a secondary review through staffing transitions. Questioned Costs: None Auditor's Recommendation: We recommend that a member of the EDA Board other than the preparer carefully review any reporting to the oversight agency prior to submission to ensure the information is accurate. Views of Responsible Officials and Planned Corrective Actions: EDA Board will ensure that a member other than the person preparing the information or report is reviewing and approving that information or report prior to it being submitted to the oversight agency.
Show full finding ▾Hide full finding ▴Condition and Criteria: Pursuant to 2 CFR section 200.303(a), Iosco County is required to establish and maintain effective internal control over the federal award that provides reasonable assurance that the County is managing the federal award in compliance with federal statutes, regulations, and the terms and conditions of the federal award. The County did not maintain effective internal control over the Military Base Closures grant with respect to not having a secondary review of information submitted to the oversight agency. Effect: The County is susceptible to errors and mismanagement of their federal awards as was the case with reporting errors made noted at finding 2020-003. Cause: Among the difficulties presented by transition in staffing within the EDA over the past couple years, roles have changed and internal controls such as secondary review were not maintained through that transition. Context: Management did not maintain effective internal control with respect to a secondary review through staffing transitions. Questioned Costs: None Auditor's Recommendation: We recommend that a member of the EDA Board other than the preparer carefully review any reporting to the oversight agency prior to submission to ensure the information is accurate. Views of Responsible Officials and Planned Corrective Actions: EDA Board will ensure that a member other than the person preparing the information or report is reviewing and approving that information or report prior to it being submitted to the oversight agency.
2020-004 ? Economic Adjustment Grant for Military Base Closures ? Internal Controls Finding: The County did not maintain effective internal control over the Military Base Closures grant with respect to there not being a secondary review of information submitted to the oversight agency. Corrective Action: A member of the EDA Board other than the individual preparing the information will carefully review any reporting made to the oversight agency prior to submission to ensure the accuracy of the information contained therein. Contact Person Responsible for Corrective Action: Ken Cook, EDA Finance Director Anticipated Completion Date: The EDA Finance Director will work with the EDA Board to have this control implemented immediately and moving forward.
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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