EIN: 566001296
UEI: KLTUPXABMTD6
Audited by: S. Preston Douglas & Associates, LLP
Oversight agency: 21 [Department of the Treasury]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 13, 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 November 13, 2026 (66 days from today).
What is a management decision? →FAC accepted this audit on February 5, 2025 — management decision was due August 5, 2025.
FAC accepted this audit on June 14, 2024 — management decision was due December 14, 2024.
FAC accepted this audit on July 25, 2024 — management decision was due January 25, 2025.
FAC accepted this audit on March 27, 2023 — management decision was due September 27, 2023.
FAC accepted this audit on January 26, 2021 — management decision was due July 26, 2021.
The Town did not record expenditures related to FEMA awards in separately identifiable accounts, and comingled expenditures with reimbursement revenues received from FEMA programs. Effect: By not properly recording the financial transactions of FEMA awards, the Town could not keep track of budgeted expenditures on a line item basis. Cause: Lack of management oversight and expertise in grant financial recording. Repeat Finding: This is not a repeat finding. Recommendation: We recommend that the Board implement procedures to ensure compliance with this regulation in future years and for management and financial officers to attend governmental continuing education trainings to gain the expertise needed. View of responsible officials and planned corrective actions: The Town agrees with this finding.
Show full finding ▾Hide full finding ▴MATERIAL WEAKNESS/MATERIAL NONCOMPLIANCE Finding: 2020-003 Financial Reporting and Record Keeping Over Federal Awards Criteria: The Town must keep a viable set of financial records related to FEMA awards in the Town?s general ledger system. Condition: The Town did not record expenditures related to FEMA awards in separately identifiable accounts, and comingled expenditures with reimbursement revenues received from FEMA programs. Effect: By not properly recording the financial transactions of FEMA awards, the Town could not keep track of budgeted expenditures on a line item basis. Cause: Lack of management oversight and expertise in grant financial recording. Repeat Finding: This is not a repeat finding. Recommendation: We recommend that the Board implement procedures to ensure compliance with this regulation in future years and for management and financial officers to attend governmental continuing education trainings to gain the expertise needed. View of responsible officials and planned corrective actions: The Town agrees with this finding.
MATERIAL WEAKNESS/MATERIAL NONCOMPLIANCE Finding 2020-003 Financial Reporting and Record Keeping Over Federal Awards Name of contact person: Kaye Anderson, Finance Officer Corrective Action Town will implement all necessary controls and accounts to maintain proper recordkeeping over FEMA awards. Separately identifiable revenue and expenditure accounts will be created for future use of any FEMA related transactions. Proposed Completion Date: The Town will implement the above procedures immediately.
FAC accepted this audit on February 12, 2020 — management decision was due August 12, 2020.
Although the Town kept a dedicated Bank Statement for the USDA reimbursements and expenditures the Town did not record the reimbursement and expenditures into an internal general ledger system. Effect: Not recording the financial transactions of the USDA Grant the Town could not keep track of budgeted expenditures on a line item basis. Also, the Town could not produce a set of financial statements at any point in time. Cause: Lack of management oversight and expertise in grant financial recording. Recommendation: We recommend that the Board implement procedures to ensure compliance with this regulation in future years and for management and financial officers to attend governmental continuing education trainings to gain the expertise needed. View of responsible officials and planned corrective actions: The Town agrees with this finding. Please refer to the corrective action plan on page 85.
Show full finding ▾Hide full finding ▴US Department of Agriculture Program Name: Water and Waste Disposal Systems for Rural Communities CFDA #10.760 Finding: 2019-006 Material Weakness/Material Noncompliance Financial Reporting Criteria: The Town must keep a viable set of financial records in the Town?s general ledger system. Condition: Although the Town kept a dedicated Bank Statement for the USDA reimbursements and expenditures the Town did not record the reimbursement and expenditures into an internal general ledger system. Effect: Not recording the financial transactions of the USDA Grant the Town could not keep track of budgeted expenditures on a line item basis. Also, the Town could not produce a set of financial statements at any point in time. Cause: Lack of management oversight and expertise in grant financial recording. Recommendation: We recommend that the Board implement procedures to ensure compliance with this regulation in future years and for management and financial officers to attend governmental continuing education trainings to gain the expertise needed. View of responsible officials and planned corrective actions: The Town agrees with this finding. Please refer to the corrective action plan on page 85.
Finding 2019-006 Record Keeping Name of contact person: Charles Brown, Town Manager Corrective Action Town will make all necessary entries to update current fund accounting software system to correct amount and the Town will implement additional procedures to ensure all transactions in the future are entered into the Town?s general ledger system. Proposed Completion Date: The Town will implement the above procedures immediately.
FAC accepted this audit on April 1, 2019 — management decision was due October 1, 2019.
GSA_MIGRATION
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Show full finding ▾Hide full finding ▴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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