CITY OF OCEOLA ARKANSAS

EIN: 716016933

UEI: DN92NN78LYD1

Data as of August 26, 2026

CITY OF OCEOLA ARKANSAS2 audit years2 findings
2
Audit Years
2
Total Findings
0
Repeat Findings

FY 2020-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on March 7, 2022. 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 September 7, 2022 (1449 days ago).

What is a management decision? →
2020-002
Cash Management

The Entity received $ 450,999 in grant funds in October, however funds were not disbursed until the following January. Effect : Grant funds were not disbursed on a timely basis. Cause ? Program manager was not aware that funds had been received. Recommendation: Program managers should monitor program receipts in order to ensure program funds are disbursed on a timely basis. Management Response - Management concurs

Show full finding ▾
Full finding narrative

Criteria: Title2 of the U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires the Organization to minimize the amount of time between the transfer of funds from the United States Treasury to the date of disbursement. Condition: The Entity received $ 450,999 in grant funds in October, however funds were not disbursed until the following January. Effect : Grant funds were not disbursed on a timely basis. Cause ? Program manager was not aware that funds had been received. Recommendation: Program managers should monitor program receipts in order to ensure program funds are disbursed on a timely basis. Management Response - Management concurs

Corrective Action Plan

# 2020-002 ? Cash disbursements were not made timely ? Program managers have been informed of requirements for minimizing the time between grant deposits and disbursements. Accountable Official?s Name and Phone Number: Sally Wilson, Mayor 870-563-5245

About Cash Management →
2020-003
Other

Criteria - The Uniform Guidance requires grant recipients to maintain effective internal controls over Federal awards that provide reasonable assurance that the Organization is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal Award. Condition ? The Organization did not have adequate internal control system during the year to minimize the time elapsing between the time grant funds are drawn down and the time disbursements are made. Effect ? Inadequate controls could result in noncompliance with terms of federal awards, Recommendation ? Management should identify all grant reporting requirements and allowable costs. This information should be communicated to all parties necessary to ensure compliance. Management Response: Concur and have implemented this policy subsequent to year end.

Show full finding ▾
Full finding narrative

Criteria - The Uniform Guidance requires grant recipients to maintain effective internal controls over Federal awards that provide reasonable assurance that the Organization is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal Award. Condition ? The Organization did not have adequate internal control system during the year to minimize the time elapsing between the time grant funds are drawn down and the time disbursements are made. Effect ? Inadequate controls could result in noncompliance with terms of federal awards, Recommendation ? Management should identify all grant reporting requirements and allowable costs. This information should be communicated to all parties necessary to ensure compliance. Management Response: Concur and have implemented this policy subsequent to year end.

Corrective Action Plan

# 2020-003? Internal Control Federal Awards ? The Organization has established a process which designates individuals with the appropriate skills, knowledge and experience to oversee all federal grant activity. This includes timely review of all grant expenditures, reimbursements, compliance and reporting requirements. Accountable Official?s Name and Phone Number: Sally Wilson, Mayor 870-563-5245

About Other →

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.

Are you this organization?

Track your findings and corrective action plans across audit cycles.

Start tracking findings →

Do you fund this organization?

Monitor subrecipient audit findings and compliance status.

Start monitoring →

Product

Resources

Legal

Single Audit Intelligence is an independent tool powered by Federal Audit Clearinghouse data. Not affiliated with GSA, OMB, or any federal agency.

© 2026 Single Audit Intelligence. All data is public domain.