City of Algona

EIN: 426004194

UEI: ZW2CJQ44XED9

Data as of August 25, 2026

City of Algona1 audit years1 findings
1
Audit Years
1
Total Findings
0
Repeat Findings

FY 2024-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on December 5, 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 June 5, 2025 (446 days ago).

What is a management decision? →
2024-002
Activities Allowed or Unallowed / Cost Allowability / Equipment & Real Property / Matching, Level of Effort, Earmarking / Reporting / Special Tests & Provisions

Special Tests and Provision Criteria – The basic requirement for use of airport revenue is that all revenues generated by a public airport must be expended for the capital or operating costs of the airport and the local airport system. The City should have a proper written policy in regards to how airport revenue is to be spent. Condition – The City did not establish a written policy for the use of airport revenue. However, the City has established a separate set of general ledger accounts specifically to segregate airport revenues and expenses. While no written policy exists, the City has maintained proper tracking to ensure revenue is spent according to the terms and conditions of the grant. Cause – The City’s management was not aware that they needed to have a written policy regarding airport revenue. Effect – The City is not in compliance with Federal regulations pertaining special tests and provisions as required by the Uniform Guidance. Recommendation – The City should establish a written policy for the use of airport revenue. Corrective Action – The City will establish a written policy for the use of airport revenue. Conclusion – Response accepted.

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Full finding narrative

Special Tests and Provision Criteria – The basic requirement for use of airport revenue is that all revenues generated by a public airport must be expended for the capital or operating costs of the airport and the local airport system. The City should have a proper written policy in regards to how airport revenue is to be spent. Condition – The City did not establish a written policy for the use of airport revenue. However, the City has established a separate set of general ledger accounts specifically to segregate airport revenues and expenses. While no written policy exists, the City has maintained proper tracking to ensure revenue is spent according to the terms and conditions of the grant. Cause – The City’s management was not aware that they needed to have a written policy regarding airport revenue. Effect – The City is not in compliance with Federal regulations pertaining special tests and provisions as required by the Uniform Guidance. Recommendation – The City should establish a written policy for the use of airport revenue. Corrective Action – The City will establish a written policy for the use of airport revenue. Conclusion – Response accepted.

Corrective Action Plan

The City will establish a policy for the use of airport revenue.

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles, Equipment and Real Property Management, Matching, Level of Effort, Earmarking, Reporting, Special Tests and Provisions →

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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