DESTINATION MARKETING CORPORATION FOR OTSEGO COUNTY

EIN: 465048341

UEI: Y7R2Y2619NP9

Data as of August 21, 2026

DESTINATION MARKETING CORPORATION FOR OTSEGO COUNTY1 audit years1 findings
1
Audit Years
1
Total Findings
0
Repeat Findings

FY 2022-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 1, 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 April 1, 2024 (873 days ago).

What is a management decision? →
2022-001
Reporting

The Corporation currently does not have any policies or procedures in place to effectively manage their federal awards. Criteria: The Electronic Code of Federal Regulations Title 2 (Internal Controls) Part 200 ? Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Section 200.303 (a) Financial Statements; requires ?the auditee to maintain effective internal control over the Federal award that provides reasonable assurance that the non-federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the federal award.? Effect: The Corporation?s failure to establish effective internal control policies over federal awards has resulted in federal expenditures being grouped together with normal operating expenditures. This has led to difficulty for management to identify and separate federal expenditures from operating expenditures. This ultimately prohibits management from being able to effectively track the progress of projects funded with federal funds. Recommendation: We recommend that the Corporation develop a set of internal controls specific to tracking federal funds. This process should describe how the Corporation will record money when received and keep track of money when spent. Management Response: We concur with the recommendation and going forward when the Corporation receives federal funding there will be policies in place to appropriately earmark and track federal expenditures.

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Full finding narrative

2022 ? 001 Inadequate Internal Controls Over Subaward: Condition: The Corporation currently does not have any policies or procedures in place to effectively manage their federal awards. Criteria: The Electronic Code of Federal Regulations Title 2 (Internal Controls) Part 200 ? Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Section 200.303 (a) Financial Statements; requires ?the auditee to maintain effective internal control over the Federal award that provides reasonable assurance that the non-federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the federal award.? Effect: The Corporation?s failure to establish effective internal control policies over federal awards has resulted in federal expenditures being grouped together with normal operating expenditures. This has led to difficulty for management to identify and separate federal expenditures from operating expenditures. This ultimately prohibits management from being able to effectively track the progress of projects funded with federal funds. Recommendation: We recommend that the Corporation develop a set of internal controls specific to tracking federal funds. This process should describe how the Corporation will record money when received and keep track of money when spent. Management Response: We concur with the recommendation and going forward when the Corporation receives federal funding there will be policies in place to appropriately earmark and track federal expenditures.

Corrective Action Plan

Management Response: We concur with the recommendation and going forward when the Corporation receives federal funding there will be policies in place to appropriately earmark and track federal expenditures.

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