Yellow Medicine County

EIN: 416005930

UEI: N4KEHZNNBAX4

Data as of August 22, 2026

Yellow Medicine County9 audit years4 findings1 repeat
9
Audit Years
4
Total Findings
1
Repeat Findings

FY 2022-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on September 28, 2023. 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 28, 2024 (877 days ago).

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2022-002
Other
MATERIAL WEAKNESS

During our audit, adjustments were needed to record a number of audit adjustments, including the following material entries: ? To adjust capital asset activity and related retainage. ? To adjust state and federal aid revenues and receivables. Criteria: The financial statements are the responsibility of the County's management; therefore, the County must be able to prevent or detect a material misstatement in the financial statements including footnote disclosures. Cause: County staff has not prepared a year-end trial balance reflecting all necessary accounting entries. Effect: This indicates that it would be likely that a misstatement may occur and not be detected by the County?s system of internal control. The audit firm cannot serve as a compensating control over this deficiency. Recommendation: We recommend that management review each journal entry, obtain an understanding of why the entry was necessary and modify procedures to ensure that future corrections are not needed. Management Response: Management will continue to review and gain an understanding of the audit adjustments in order to reduce the number of entries necessary for future audits. The County Finance Manager plans to remedy this finding in future years. Updated Progress Since Prior Year: No changes have been made to address this finding.

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2022-002 Material Audit Adjustments Condition: During our audit, adjustments were needed to record a number of audit adjustments, including the following material entries: ? To adjust capital asset activity and related retainage. ? To adjust state and federal aid revenues and receivables. Criteria: The financial statements are the responsibility of the County's management; therefore, the County must be able to prevent or detect a material misstatement in the financial statements including footnote disclosures. Cause: County staff has not prepared a year-end trial balance reflecting all necessary accounting entries. Effect: This indicates that it would be likely that a misstatement may occur and not be detected by the County?s system of internal control. The audit firm cannot serve as a compensating control over this deficiency. Recommendation: We recommend that management review each journal entry, obtain an understanding of why the entry was necessary and modify procedures to ensure that future corrections are not needed. Management Response: Management will continue to review and gain an understanding of the audit adjustments in order to reduce the number of entries necessary for future audits. The County Finance Manager plans to remedy this finding in future years. Updated Progress Since Prior Year: No changes have been made to address this finding.

Corrective Action Plan

2022-002 Material Audit Adjustments CORRECTIVE ACTION PLAN (CAP): 6. Explanation of Disagreement with Audit Findings: There is no disagreement with the audit finding. 7. Actions Planned in Response to Finding: Management will continue to review and gain an understanding of the audit adjustments in order to reduce the number of entries necessary for future audits. The County Finance Manager plans to remedy this finding in future years. 8. Official Responsible for Ensuring CAP: Angie Steinbach, County Administrator, is the official responsible for ensuring corrective action of the material weakness. 9. Planned Completion Date for CAP: December 31, 2023 10. Plan to Monitor Completion of CAP: The County Board will be monitoring this corrective action plan. Sincerely, Angie Steinbach County Administrator 120

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FY 2021-12-31

FAC accepted this audit on September 27, 2022 — management decision was due March 27, 2023.

2021-002
Other
MATERIAL WEAKNESSREPEAT

During our audit, adjustments were needed to record a number of audit adjustments, including the following material entries: - To adjust capital asset activity. - To adjust state and federal aid revenues and receivables. - To adjust special assessment revenue. Criteria: The financial statements are the responsibility of the County's management; therefore, the County must be able to prevent or detect a material misstatement in the financial statements including footnote disclosures. Cause: County staff has not prepared a year-end trial balance reflecting all necessary accounting entries. Effect: This indicates that it would be likely that a misstatement may occur and not be detected by the County?s system of internal control. The audit firm cannot serve as a compensating control over this deficiency. Recommendation: We recommend that management review each journal entry, obtain an understanding of why the entry was necessary and modify procedures to ensure that future corrections are not needed. Management Response: Management will continue to review and gain an understanding of the audit adjustments in order to reduce the number of entries necessary for future audits. The County Finance Manager plans to remedy this finding in future years.

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Full finding narrative

2021-002 Material Audit Adjustments Condition: During our audit, adjustments were needed to record a number of audit adjustments, including the following material entries: - To adjust capital asset activity. - To adjust state and federal aid revenues and receivables. - To adjust special assessment revenue. Criteria: The financial statements are the responsibility of the County's management; therefore, the County must be able to prevent or detect a material misstatement in the financial statements including footnote disclosures. Cause: County staff has not prepared a year-end trial balance reflecting all necessary accounting entries. Effect: This indicates that it would be likely that a misstatement may occur and not be detected by the County?s system of internal control. The audit firm cannot serve as a compensating control over this deficiency. Recommendation: We recommend that management review each journal entry, obtain an understanding of why the entry was necessary and modify procedures to ensure that future corrections are not needed. Management Response: Management will continue to review and gain an understanding of the audit adjustments in order to reduce the number of entries necessary for future audits. The County Finance Manager plans to remedy this finding in future years.

Corrective Action Plan

2021-002 Material Audit Adjustments CORRECTIVE ACTION PLAN (CAP): 6. Explanation of Disagreement with Audit Findings: There is no disagreement with the audit finding. 7. Actions Planned in Response to Finding: Management will continue to review and gain an understanding of the audit adjustments in order to reduce the number of entries necessary for future audits. The County Finance Manager plans to remedy this finding in future years. 8. Official Responsible for Ensuring CAP: Angie Steinbach, County Administrator, is the official responsible for ensuring corrective action of the material weakness. 9. Planned Completion Date for CAP: December 31, 2022 10. Plan to Monitor Completion of CAP: The County Board will be monitoring this corrective action plan. Sincerely, Angie Steinbach County Administrator

Prior Finding References

2020-002

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FY 2020-12-31

FAC accepted this audit on October 12, 2021 — management decision was due April 12, 2022.

2020-002
Other
MATERIAL WEAKNESS

During our audit, adjustments were needed to record a number of audit adjustments, including the following material entries: ? To adjust capital asset activity. ? To adjust state and federal aid revenues and receivables. Criteria: The financial statements are the responsibility of the County's management; therefore, the County must be able to prevent or detect a material misstatement in the financial statements including footnote disclosures. Cause: County staff has not prepared a year-end trial balance reflecting all necessary accounting entries. Effect: This indicates that it would be likely that a misstatement may occur and not be detected by the County?s system of internal control. The audit firm cannot serve as a compensating control over this deficiency. Recommendation: We recommend that management review each journal entry, obtain an understanding of why the entry was necessary and modify procedures to ensure that future corrections are not needed. Management Response: Management will continue to review and gain an understanding of the audit adjustments in order to reduce the number of entries necessary for future audits. The County Finance Manager plans to remedy this finding in future years.

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Full finding narrative

2020-002 Material Audit Adjustments Condition: During our audit, adjustments were needed to record a number of audit adjustments, including the following material entries: ? To adjust capital asset activity. ? To adjust state and federal aid revenues and receivables. Criteria: The financial statements are the responsibility of the County's management; therefore, the County must be able to prevent or detect a material misstatement in the financial statements including footnote disclosures. Cause: County staff has not prepared a year-end trial balance reflecting all necessary accounting entries. Effect: This indicates that it would be likely that a misstatement may occur and not be detected by the County?s system of internal control. The audit firm cannot serve as a compensating control over this deficiency. Recommendation: We recommend that management review each journal entry, obtain an understanding of why the entry was necessary and modify procedures to ensure that future corrections are not needed. Management Response: Management will continue to review and gain an understanding of the audit adjustments in order to reduce the number of entries necessary for future audits. The County Finance Manager plans to remedy this finding in future years.

Corrective Action Plan

2020-002 Material Audit Adjustments CORRECTIVE ACTION PLAN (CAP): 6. Explanation of Disagreement with Audit Findings: There is no disagreement with the audit finding. 7. Actions Planned in Response to Finding: Management will continue to review and gain an understanding of the audit adjustments in order to reduce the number of entries necessary for future audits. The County Finance Manager plans to remedy this finding in future years. 8. Official Responsible for Ensuring CAP: Angie Steinbach, County Administrator, is the official responsible for ensuring corrective action of the material weakness. 9. Planned Completion Date for CAP: December 31, 2021 10. Plan to Monitor Completion of CAP: The County Board will be monitoring this corrective action plan. Sincerely, Angie Steinbach County Administrator

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FY 2018-12-31

FAC accepted this audit on September 29, 2019 — management decision was due March 29, 2020.

2018-002
Other
MATERIAL WEAKNESS

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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