EIN: 810307232
UEI: C7J9WJVJ9JZ9
Audited by: NEWLAND & COMPANY PC
Oversight agency: 11 [Department of Commerce]
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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 July 29, 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 January 29, 2027 (147 days from today).
What is a management decision? →FAC accepted this audit on July 31, 2025 — management decision was due January 31, 2026.
FAC accepted this audit on July 30, 2024 — management decision was due January 30, 2025.
FAC accepted this audit on May 8, 2024 — management decision was due November 8, 2024.
Current and adjusted financial information was not completed until July, 2023.Effect:To be effective, an accounting system should be continuously updated for all balances and transactions in a timely manner to ensure compliance with Federal Grant Requirements. The fiduciary responsibility of those charged with governance cannot be upheld without current financial information with which to make critical managerial decisions. Cause:Financial reports and footnotes were not completed in a timely manner. Management transitioned from an outside firm preparing financial statements to the preparation of statements and related footnotes by staff members.Recommendation:We recommend that internal control policies and procedures be implemented that require the timely completion of accounting and financial reporting.
Show full finding ▾Hide full finding ▴A. FINDINGS AND QUESTIONED COSTS - MAJOR FEDERAL AWARD PROGRAMS AUDIT Significant Deficiency:Finding #2022-001 – Current financial statements and footnotes were not completed in a timely manner. The financial statements and footnotes were not completed until July, 2023. The Data Collection Report and Federal Reporting package were not filed by the July 31, 2023 due date. Criteria:Uniform Guidance requirements for Federal programs require the submission of the Federal Reporting package including an audit report to the Federal Audit Clearinghouse (FAC) within nine months of the entity’s fiscal year end. The reporting package was due on July 31, 2023.Condition:Current and adjusted financial information was not completed until July, 2023.Effect:To be effective, an accounting system should be continuously updated for all balances and transactions in a timely manner to ensure compliance with Federal Grant Requirements. The fiduciary responsibility of those charged with governance cannot be upheld without current financial information with which to make critical managerial decisions. Cause:Financial reports and footnotes were not completed in a timely manner. Management transitioned from an outside firm preparing financial statements to the preparation of statements and related footnotes by staff members.Recommendation:We recommend that internal control policies and procedures be implemented that require the timely completion of accounting and financial reporting.
Butte Local Development Corporation's fiscal year end is October31. By mid-december, a draft of the Annual Financiel Statements will be prepared by fiscal staff and made available to review by the Executive Director and Board of Directors. Final financial statements will be sent to the auditor by mid-January to allow ample time to conduct the audit and submit the audit to the Federal Audit Clearinghouse before the due date
FAC accepted this audit on July 31, 2022 — management decision was due January 31, 2023.
FAC accepted this audit on June 19, 2022 — management decision was due December 19, 2022.
FAC accepted this audit on June 30, 2021 — management decision was due December 30, 2021.
FAC accepted this audit on July 30, 2019 — management decision was due January 30, 2020.
FAC accepted this audit on July 29, 2018 — management decision was due January 29, 2019.
FAC accepted this audit on July 30, 2017 — management decision was due January 30, 2018.
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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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