EIN: 566001315
UEI: E2YXQHFZ2CN9
Audited by: Thompson, Price, Scott, Adams, & Co.
Oversight agency: 21 [Department of the Treasury]
View federal awards & risk assessment →
Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 26, 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 December 26, 2026 (115 days from today).
What is a management decision? →FAC accepted this audit on March 11, 2024 — management decision was due September 11, 2024.
FAC accepted this audit on January 8, 2023 — management decision was due July 8, 2023.
FAC accepted this audit on December 8, 2021 — management decision was due June 8, 2022.
FAC accepted this audit on December 2, 2020 — management decision was due June 2, 2021.
The Town did not properly record transactions related to FEMA awards. Effect: The Town required a journal entry to record material revenues and receivables relating to FEMA awards. Cause: The Finance Director?s uncertainty regarding the timing of when the grant money was ?obligated?. Repeat Finding: This was not a repeat finding. Recommendation: We recommend the finance director contact FEMA representatives for guidance on proper recording of FEMA awards. Views of responsible officials and planned corrective actions: The Town agrees with the finding and agrees to adhere to the correction action plan on page 97.
Show full finding ▾Hide full finding ▴Finding 2020-003 Improper Recording of Federal Awards Criteria: The Town must properly record transactions related to Federal awards. Condition: The Town did not properly record transactions related to FEMA awards. Effect: The Town required a journal entry to record material revenues and receivables relating to FEMA awards. Cause: The Finance Director?s uncertainty regarding the timing of when the grant money was ?obligated?. Repeat Finding: This was not a repeat finding. Recommendation: We recommend the finance director contact FEMA representatives for guidance on proper recording of FEMA awards. Views of responsible officials and planned corrective actions: The Town agrees with the finding and agrees to adhere to the correction action plan on page 97.
Finding 2020-003 Improper Recording of Federal Awards Name of Contact Person: Sharon McFarland, Finance Director Corrective Action: The Finance Director was not aware that the FEMA awards were to be recognized when the award has been both obligated and expenditures related to the award had been made. In the future FEMA events will be tracked through separate revenue and expenditure accounts and awards will be recognized when both the award is obligated, and funds have been expended. These procedures have not been followed in the past when FEMA reimbursement funds were obligated, expended, and received. Prior auditors did not indicate this as a finding nor was it a discussion item. Careful attention will be paid to these procedures in the future. Proposed Completion Date: The Town will implement the above procedures immediately.
FAC accepted this audit on January 5, 2020 — management decision was due July 5, 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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