TOWN OF BEVERLY, WEST VIRGINIA

EIN: 550465527

UEI: WCKBF7L4DGB5

Data as of August 22, 2026

TOWN OF BEVERLY, WEST VIRGINIA2 audit years2 findings1 repeat
2
Audit Years
2
Total Findings
1
Repeat Findings

FY 2025-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on March 31, 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 1, 2026 (40 days from today).

What is a management decision? →
2025-006
Equipment & Real Property
MATERIAL WEAKNESSREPEAT

CAPITAL ASSET DETAIL - CRITERIA: STRONG INTERNAL CONTROL REQUIRES THAT A DETAILED LISTING OF CAPITAL ASSETS BE MAINTAINED. A DETAILED LISTING OF CAPITAL ASSETS WITH ORIGINAL COST AMOUNTS IS ESSENTIAL TO THE ACCURATE COMPUTATION OF DEPRECIATION EXPENSE. CONDITION: THE TOWN AND UTILITY BOARDS FAILED TO MAINTAIN A DETAILED LISTING OF CAPITAL ASSETS THAT HAVE HISTORICAL COST AMOUNTS. CAUSE: HISTORICAL RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO REGENERATE A DETAILED LISTING OF CAPITAL ASSETS THAT CORRESPOND TO THE ACCOUNT BALANCES CARRIED BY THE TOWN AND UTILITY BOARDS TO THEIR GENERAL LEDGER. EFFECT: THE EFFECT OF THIS CONDITION IS THAT INTERNAL CONTROL OVER CAPITAL ASSETS IS WEAKENED. RECOMMENDATION: THE TOWN AND UTILITY BOARDS SHOULD CONDUCT A THOROUGH INVENTORY OF ALL CAPITAL ASSETS. ONCE COMPLETED, THE INVENTORY SHOULD BE USED TO COMPLETE A DETAILED LISTING OF ALL CAPITAL ASSETS AND THIS LISTING AGREED TO THE APPROPRIATE GENERAL LEDGER ACCOUNTS. VIEW OF RESPONSIBLE OFFICIALS AND PLANNED CORRECTIVE ACTION: MANAGEMENT HAS STATED THAT THEY WILL CREATE A COMPLETE DETAILED LISTING OF ALL CAPITAL ASSETS AND DEPRECIATION SCHEDULE; HOWEVER, RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO ALLOW MANAGEMENT TO COMPARE IT TO EXISTING INFORMATION IN THE ACCOUNTING RECORDS.

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Full finding narrative

CAPITAL ASSET DETAIL - CRITERIA: STRONG INTERNAL CONTROL REQUIRES THAT A DETAILED LISTING OF CAPITAL ASSETS BE MAINTAINED. A DETAILED LISTING OF CAPITAL ASSETS WITH ORIGINAL COST AMOUNTS IS ESSENTIAL TO THE ACCURATE COMPUTATION OF DEPRECIATION EXPENSE. CONDITION: THE TOWN AND UTILITY BOARDS FAILED TO MAINTAIN A DETAILED LISTING OF CAPITAL ASSETS THAT HAVE HISTORICAL COST AMOUNTS. CAUSE: HISTORICAL RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO REGENERATE A DETAILED LISTING OF CAPITAL ASSETS THAT CORRESPOND TO THE ACCOUNT BALANCES CARRIED BY THE TOWN AND UTILITY BOARDS TO THEIR GENERAL LEDGER. EFFECT: THE EFFECT OF THIS CONDITION IS THAT INTERNAL CONTROL OVER CAPITAL ASSETS IS WEAKENED. RECOMMENDATION: THE TOWN AND UTILITY BOARDS SHOULD CONDUCT A THOROUGH INVENTORY OF ALL CAPITAL ASSETS. ONCE COMPLETED, THE INVENTORY SHOULD BE USED TO COMPLETE A DETAILED LISTING OF ALL CAPITAL ASSETS AND THIS LISTING AGREED TO THE APPROPRIATE GENERAL LEDGER ACCOUNTS. VIEW OF RESPONSIBLE OFFICIALS AND PLANNED CORRECTIVE ACTION: MANAGEMENT HAS STATED THAT THEY WILL CREATE A COMPLETE DETAILED LISTING OF ALL CAPITAL ASSETS AND DEPRECIATION SCHEDULE; HOWEVER, RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO ALLOW MANAGEMENT TO COMPARE IT TO EXISTING INFORMATION IN THE ACCOUNTING RECORDS.

Corrective Action Plan

MANAGEMENT HAS STATED THAT THEY WILL CREATE A COMPLETE DETAILED LISTING OF ALL CAPITAL ASSETS AND DEPRECIATION SCHEDULE; HOWEVER, RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO ALLOW MANAGEMENT TO COMPARE IT TO EXISTING INFORMATION IN THE ACCOUNTING RECORDS.

Prior Finding References

2024-006

About Equipment and Real Property Management →

FY 2024-06-30

FAC accepted this audit on March 26, 2025 — management decision was due September 26, 2025.

2024-006
Equipment & Real Property
MATERIAL WEAKNESS

CAPITAL ASSET DETAIL - CRITERIA: STRONG INTERNAL CONTROL REQUIRES THAT A DETAILED LISTING OF CAPITAL ASSETS BE MAINTAINED. A DETAILED LSITING OF CAPITAL ASSETS WITH ORIGINAL COST AMOUNTS IS ESSENTIAL TO THE ACCURATE COMPUTATION OF DEPRECIATION EXPENSE. CONDITION: THE TOWN AND UTILITY BOARDS FAILED TO MAINTAIN A DETAILED LISTING OF CAPITAL ASSETS THAT HAVE HSITORICAL COST AMOUNTS. CAUSE: HISTORICAL RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO REGENERATE A DETAILED LISTING OF CAPITAL ASSETS THAT CORRESPOND TO THE ACCOUNT BALANCES CARRIED BY THE TOWN AN DUTILITY BOARDS IN THE GENERAL LEDGER. EFFECT: THE EFFECT OF THIS CONDITION IS THAT INTERNAL CONTROL OVER CAPITAL ASSETS IS WEAKENED. RECOMMENDATION: THE TOWN AND UTILITY BOARDS SHOULD CONDUCT A THOROUGH INVENTORY OF ALL CAPITAL ASSETS. ONCE COMPLETED, THE INVENTORY SHOULD BE USED TO COMPLETE A DETAILED LISTING OF ALL CAPITAL ASSETS AND THIS LISTING AGREED TO THE APPROPRIATE GENERAL LEDGER ACCOUNTS. VIEWS OF RESPONSIBLE OFFICIALS AND PLANNED CORRECTIVE ACTION: MANAGEMENT HAS STATED THAT THEY WILL CREAE A COMPLETE DETAILED LISTING OF ALL CAPITAL ASSETS AND DEPRECIATION SCHEDULES; HOWEVER, RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO ALLOW MANAGEMENT TO COMPARE IT TO EXISTING INFORMATION IN THE ACCOUNTING RECORDS.

Show full finding ▾
Full finding narrative

CAPITAL ASSET DETAIL - CRITERIA: STRONG INTERNAL CONTROL REQUIRES THAT A DETAILED LISTING OF CAPITAL ASSETS BE MAINTAINED. A DETAILED LSITING OF CAPITAL ASSETS WITH ORIGINAL COST AMOUNTS IS ESSENTIAL TO THE ACCURATE COMPUTATION OF DEPRECIATION EXPENSE. CONDITION: THE TOWN AND UTILITY BOARDS FAILED TO MAINTAIN A DETAILED LISTING OF CAPITAL ASSETS THAT HAVE HSITORICAL COST AMOUNTS. CAUSE: HISTORICAL RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO REGENERATE A DETAILED LISTING OF CAPITAL ASSETS THAT CORRESPOND TO THE ACCOUNT BALANCES CARRIED BY THE TOWN AN DUTILITY BOARDS IN THE GENERAL LEDGER. EFFECT: THE EFFECT OF THIS CONDITION IS THAT INTERNAL CONTROL OVER CAPITAL ASSETS IS WEAKENED. RECOMMENDATION: THE TOWN AND UTILITY BOARDS SHOULD CONDUCT A THOROUGH INVENTORY OF ALL CAPITAL ASSETS. ONCE COMPLETED, THE INVENTORY SHOULD BE USED TO COMPLETE A DETAILED LISTING OF ALL CAPITAL ASSETS AND THIS LISTING AGREED TO THE APPROPRIATE GENERAL LEDGER ACCOUNTS. VIEWS OF RESPONSIBLE OFFICIALS AND PLANNED CORRECTIVE ACTION: MANAGEMENT HAS STATED THAT THEY WILL CREAE A COMPLETE DETAILED LISTING OF ALL CAPITAL ASSETS AND DEPRECIATION SCHEDULES; HOWEVER, RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO ALLOW MANAGEMENT TO COMPARE IT TO EXISTING INFORMATION IN THE ACCOUNTING RECORDS.

Corrective Action Plan

MANAGEMENT HAS STATED THAT THEY WILL CREATE A COMPLETE DETAILED LISTING OF ALL CAPITAL ASSETS AND DEPRECIATION SCHEDULE; HOWEVER, RECORDS OF THE TOWN AND UTILITY BOARDS ARE INSUFFICIENT TO ALLOW MANAGEMENT TO COMPARE IT TO EXISTING INFORMATION IN THE ACCOUNTING RECORDS.

About Equipment and Real Property Management →

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