EIN: 566001170
UEI: DSLEBXEFVN56
Audited by: THOMPSON PRICE SCOTT AND ADAMS
Oversight agency: 21 [Department of the Treasury]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 15, 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 October 15, 2023 (1058 days ago).
What is a management decision? →FAC accepted this audit on March 15, 2022 — management decision was due September 15, 2022.
The Town did not expend requisitioned funds within three business days following the receipt of the funds from the State. Effect: Monies receipted by the Town were not paid out in a timely manner and were not expended within three business days and could have been accruing interest from the bank. Cause: The Town did not have proper internal controls in place to safeguard against this type of policy. Identification of a repeat finding: This is a not repeat finding. Recommendation: The Town should implement internal controls to safeguard against these types of policies to ensure that they are not repeat or future findings. Views of responsible officials and planned corrective actions: The Town agrees to this recommendation and will implement proper controls immediately.
Show full finding ▾Hide full finding ▴US Department of Environmental Protection Agency Passed-through NC Department of Environmental Quality Capitalization Grants for Clean Water State Revolving Funds CFDA # 66.458 SIGNIFICANT DEFICIENCY/NONCOMPLIANCE 2021-002 Cash Management Criteria: The Town did not adhere to the grant agreement cash management policy. Condition: The Town did not expend requisitioned funds within three business days following the receipt of the funds from the State. Effect: Monies receipted by the Town were not paid out in a timely manner and were not expended within three business days and could have been accruing interest from the bank. Cause: The Town did not have proper internal controls in place to safeguard against this type of policy. Identification of a repeat finding: This is a not repeat finding. Recommendation: The Town should implement internal controls to safeguard against these types of policies to ensure that they are not repeat or future findings. Views of responsible officials and planned corrective actions: The Town agrees to this recommendation and will implement proper controls immediately.
2021-002 Cash Management Name of Contact Person: Joanne Floyd, Finance Officer Corrective Action: The Town has started paying the invoices when they are received instead of waiting for the grant funds to be received. Proposed Completion Date: Immediately.
FAC accepted this audit on June 13, 2021 — management decision was due December 13, 2021.
FAC accepted this audit on January 29, 2020 — management decision was due July 29, 2020.
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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