EIN: 820304303
UEI: FPAKJG6JELE5
Audited by: DEATON & COMPANY CHARTERED
Oversight agency: 11 [Department of Commerce]
View federal awards & risk assessment →
Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 24, 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 24, 2026 (115 days from today).
What is a management decision? →Material Weakness: As discussed on Finding 2023-001, we noted monthly reconciliations of bank accounts to the general ledger during the fiscal year ended September 30, 2023 were not being completed on a timely basis. Failure to perform timely reconciliations increases the risk that errors, misstatements, or unathorized transactions may not be detected and corrected promptly and could result in inaccurate financial reporting.
Show full finding ▾Hide full finding ▴Material Weakness: As discussed on Finding 2023-001, we noted monthly reconciliations of bank accounts to the general ledger during the fiscal year ended September 30, 2023 were not being completed on a timely basis. Failure to perform timely reconciliations increases the risk that errors, misstatements, or unathorized transactions may not be detected and corrected promptly and could result in inaccurate financial reporting.
SICOG hired an internal Director of Fiscal Operations responsible for the reconciliations instead of a consultant, also simplified the reconciliation process by consolidating accounts and financial institutions whenever possible.
During our audit, we identified that a new loan issued under the EDA CARES 2 loan portfolio was not set up in the loan program or the general ledger at the correct loan amount. The original loan amount was $250,000; however, only $238,862.95 was recorded in both the general ledger and the loan program, and this incorrect amount was used for amortization purposes. The loan was paid off in the subsequent year for $11,137 less than the amount owed by the borrower at the time of payoff. Loans made should be posted to the general ledger and include amount of loan proceeds disbursed and all related loan costs.
Show full finding ▾Hide full finding ▴Condition: During our audit, we identified that a new loan issued under the EDA CARES 2 loan portfolio was not set up in the loan program or the general ledger at the correct loan amount. The original loan amount was $250,000; however, only $238,862.95 was recorded in both the general ledger and the loan program, and this incorrect amount was used for amortization purposes. The loan was paid off in the subsequent year for $11,137 less than the amount owed by the borrower at the time of payoff. Loans made should be posted to the general ledger and include amount of loan proceeds disbursed and all related loan costs.
SICOG hired an experienced and trained loan officer to work closely with the Director of Fiscal Operations to prevent the mis-recording of new loans disbursed and newly paid off loans.
During the audit, it was noted that the required annual reports filed for the EDA RLF CARES and USDA IRP loan programs did not match the general ledger balances for these programs. The primary causes of these discrepancies were untimely reconciliation of bank accounts and the deposit of loan payments into incorrect bank accounts. We recognize that these issues represent internal control deficiencies and increase the risk of inaccurate financial reporting and noncompliance with federal requirements.
Show full finding ▾Hide full finding ▴Condition: During the audit, it was noted that the required annual reports filed for the EDA RLF CARES and USDA IRP loan programs did not match the general ledger balances for these programs. The primary causes of these discrepancies were untimely reconciliation of bank accounts and the deposit of loan payments into incorrect bank accounts. We recognize that these issues represent internal control deficiencies and increase the risk of inaccurate financial reporting and noncompliance with federal requirements.
SICOG has corrected the reconciliation process and the payment deposit process was updated with a 2-part/person verification, to ensure timely and accurate ledgers and documentation is reconciled before program reports are submitted.
FAC accepted this audit on March 11, 2024 — management decision was due September 11, 2024.
FAC accepted this audit on June 26, 2022 — management decision was due December 26, 2022.
FAC accepted this audit on July 12, 2021 — management decision was due January 12, 2022.
FAC accepted this audit on July 15, 2020 — management decision was due January 15, 2021.
FAC accepted this audit on September 29, 2019 — management decision was due March 29, 2020.
FAC accepted this audit on June 20, 2018 — management decision was due December 20, 2018.
FAC accepted this audit on July 9, 2017 — management decision was due January 9, 2018.
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.
Browse other Single Audit organizations in Idaho →
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and filing records.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.
