EIN: 446000273
UEI: KHDRPF7NLEW6
Data as of August 26, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 28, 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 October 28, 2026 (62 days from today).
What is a management decision? →Criteria – Management is responsible for establishing and maintaining effective internal control over financial reporting. Condition – The City of Stover, Missouri’s financial statements required adjusting journal entries for financial statement presentation in accordance with the modified cash basis of accounting. The areas in which adjustments were proposed, including those which management recorded, include fixed assets and debt. Effect – Inaccurate financial statements. Cause – The above adjustments were made as part of the audit process. Recommendation – Management should modify year-end closing procedures to ensure that the controls in place are sufficient to assure all accounts are presented in accordance with the modified cash basis of accounting. Management response – The city agrees with this finding and continue to work on improving controls.
Show full finding ▾Hide full finding ▴Criteria – Management is responsible for establishing and maintaining effective internal control over financial reporting. Condition – The City of Stover, Missouri’s financial statements required adjusting journal entries for financial statement presentation in accordance with the modified cash basis of accounting. The areas in which adjustments were proposed, including those which management recorded, include fixed assets and debt. Effect – Inaccurate financial statements. Cause – The above adjustments were made as part of the audit process. Recommendation – Management should modify year-end closing procedures to ensure that the controls in place are sufficient to assure all accounts are presented in accordance with the modified cash basis of accounting. Management response – The city agrees with this finding and continue to work on improving controls.
Corrective Action: Procedures will be implemented to reflect the modified cash basis of accounting, which is the method used for the budget, so that the City Clerk makes the necessary adjusting journal entries. Proposed completion date: The Board will implement the above procedure immediately.
2024-001
FAC accepted this audit on July 21, 2026 — management decision was due January 21, 2027.
Criteria – Management is responsible for establishing and maintaining effective internal control over financial reporting. Condition – The City of Stover, Missouri’s financial statements required adjusting journal entries for financial statement presentation in accordance with the modified cash basis of accounting. The areas in which adjustments were proposed, including those which management recorded, include fixed assets and debt. Effect – Inaccurate financial statements. Cause – The above adjustments were made as part of the audit process. Recommendation – Management should modify year-end closing procedures to ensure that the controls in place are sufficient to assure all accounts are presented in accordance with the modified cash basis of accounting. Management response – The city agrees with this finding and continue to work on improving controls.
Show full finding ▾Hide full finding ▴Criteria – Management is responsible for establishing and maintaining effective internal control over financial reporting. Condition – The City of Stover, Missouri’s financial statements required adjusting journal entries for financial statement presentation in accordance with the modified cash basis of accounting. The areas in which adjustments were proposed, including those which management recorded, include fixed assets and debt. Effect – Inaccurate financial statements. Cause – The above adjustments were made as part of the audit process. Recommendation – Management should modify year-end closing procedures to ensure that the controls in place are sufficient to assure all accounts are presented in accordance with the modified cash basis of accounting. Management response – The city agrees with this finding and continue to work on improving controls.
Corrective Action: Procedures will be implemented to reflect the modified cash basis of accounting, which is the method used for the budget, so that the City Clerk makes the necessary adjusting journal entries. Proposed completion date: The Board will implement the above procedure immediately.
2021-001
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