EIN: 431034228
UEI: RY4ABYH8MZM8
Data as of August 24, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 3, 2026. 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 December 3, 2026 (101 days from today).
What is a management decision? →The District’s basic financial statements are presented on the full accrual basis of accounting and conform to accounting principles generally accepted in the United States of America. The costs for two pay applications were not recorded until the oversight agency and Board approval after year end. The time between the work performed and the pay application submitted and approved was two months after year-end.
Show full finding ▾Hide full finding ▴The District’s basic financial statements are presented on the full accrual basis of accounting and conform to accounting principles generally accepted in the United States of America. The costs for two pay applications were not recorded until the oversight agency and Board approval after year end. The time between the work performed and the pay application submitted and approved was two months after year-end.
Management monitors all pay applications for work performed but will more closely
District clerk is responsible for receiving invoices and enters most receivable payments, reconciles accounts receivables and bank account statements. She also enters all journal entries and prepares all payments for signature, which are required to have 2 signatures. Although a full time office staff person was hired to assist with office and accounting duties, the auditee's current staffing levels and organizational structure contribute to the lack of adequate segregation of duties
Show full finding ▾Hide full finding ▴District clerk is responsible for receiving invoices and enters most receivable payments, reconciles accounts receivables and bank account statements. She also enters all journal entries and prepares all payments for signature, which are required to have 2 signatures. Although a full time office staff person was hired to assist with office and accounting duties, the auditee's current staffing levels and organizational structure contribute to the lack of adequate segregation of duties
The Board and management are aware of the inadequate separation of accounting duties when reviewing the monthly operations and financial results of the District. As an ongoing mitigating control, at the board meetings management and the board members review the monthly check register of disbursements, interim financial reports, summary of cash and certificates of deposits held, and contract pay applications and construction project status as presented by the project engineer for review and approval by the Board.
2023-001
The Data Collection Form was not filed by the required deadline. There were extenuating circumstances and problems with the District’s accounting system software conversion that prevented timely completion of the audit. The data collection form was completed as soon as the financial records were reconciled and became auditable and information was available.
Show full finding ▾Hide full finding ▴The Data Collection Form was not filed by the required deadline. There were extenuating circumstances and problems with the District’s accounting system software conversion that prevented timely completion of the audit. The data collection form was completed as soon as the financial records were reconciled and became auditable and information was available.
Prior year late filing due to problems with accounting software conversion, which has been resolved and any future filings will be on a timely basis
2023-004
FAC accepted this audit on December 10, 2025 — management decision was due June 10, 2026.
Auditing standards require us to inform you that Consolidated Public Water Supply District No. 1 of Clark County, Missouri, does not have personnel with capable expertise to prepare financial statements and related footnote disclosures in accordance with generally accepted accounting principles, particularly the adjustments and disclosures for the defined benefit net pension asset and deferred outflows and deferred inflows related to pensions.
Show full finding ▾Hide full finding ▴Auditing standards require us to inform you that Consolidated Public Water Supply District No. 1 of Clark County, Missouri, does not have personnel with capable expertise to prepare financial statements and related footnote disclosures in accordance with generally accepted accounting principles, particularly the adjustments and disclosures for the defined benefit net pension asset and deferred outflows and deferred inflows related to pensions.
Management has the skill, knowledge and experience regarding the District operations to understand and take responsibility for the financial statements.
The District reports on the cash basis during the year as preferred by management and the Board for monitoring the District’s operations. The adjustments to convert to the accrual basis at year end are material amounts, but are not considered to be misstatements in financial accounting.
Show full finding ▾Hide full finding ▴The District reports on the cash basis during the year as preferred by management and the Board for monitoring the District’s operations. The adjustments to convert to the accrual basis at year end are material amounts, but are not considered to be misstatements in financial accounting.
Management is aware that significant year-end adjustments are required for accrual basis financial statement presentation and does not believe the adjustments indicate a misstatement or error in financial reporting although material in amount. Management has the skill, knowledge and experience regarding the District operations to understand and take responsibility for the adjusting journal entries. The District has also engaged an external CPA to come to the office on a monthly basis to assist with monthly reconciliations and adjustments
One of the most critical areas of a District's internal control structure is the separation of accounting duties. The District has inadequate separation of accounting duties. The basic premise is that no one employee should have access to both physical assets and the related accounting records or to all phases of a transaction, including the capability to prepare the billings, receive the cash, deposit the cash, prepare the cash receipts journal, and reconcile the bank accounts. Although the small size of the District's office staff limits the extent of separation of duties, consideration should be made to separate incompatible duties.
Show full finding ▾Hide full finding ▴One of the most critical areas of a District's internal control structure is the separation of accounting duties. The District has inadequate separation of accounting duties. The basic premise is that no one employee should have access to both physical assets and the related accounting records or to all phases of a transaction, including the capability to prepare the billings, receive the cash, deposit the cash, prepare the cash receipts journal, and reconcile the bank accounts. Although the small size of the District's office staff limits the extent of separation of duties, consideration should be made to separate incompatible duties.
The Board and management are aware of the inadequate separation of accounting duties when reviewing the monthly operations and financial results of the District. As an ongoing mitigating control, at the board meetings management and the board members review the monthly check register of disbursements, interim financial reports, summary of cash and certificates of deposits held, and contract pay applications and construction project status as presented by the project engineer for review and approval by the Board.
The District was unable to complete the audit report and file the data collection form in a timely manner.
Show full finding ▾Hide full finding ▴The District was unable to complete the audit report and file the data collection form in a timely manner.
There were extenuating circumstances and problems with the District’s accounting system software conversion that prevented timely completion of the audit. The data collection form was completed as soon as the information was available.
The District did not have a written policy on internal controls over grant funds.
Show full finding ▾Hide full finding ▴The District did not have a written policy on internal controls over grant funds.
Subsequent to year-end, the District’s Board approved a written policy on internal controls over grant funds.
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