EIN: 850723385
UEI: TSUWBCD2DVC4
Audited by: BDMP Assurance, LLP
Oversight agency: 21 [Department of the Treasury]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 29, 2025. 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, 2026 (215 days ago).
What is a management decision? →Finding Number: 2024-002 - Preparation of the Schedule of Expenditures of Federal Awards Criteria: The District should report federal grant expenditures on an accrual basis of accounting in order to be consistent with the District's financial statements. Per 2 CFR §200.328, recipients of federal awards must submit financial reports such as those required by the Vermont Community Broadband Board (VCBB). Timely and accurate submission of these reports is critical for demonstrating compliance, accountability, and program effectiveness. Condition Found: The District is currently reporting grant expenditures on a cash basis which is not consistent with the financial statements, which are prepared using the accrual basis of accounting. As a result, grant expenditures could be reported in improper periods. Cause and Effect: Having to adjust for accrual account balances resulted in errors that an ongoing accrual accounting process would have helped prevent or detect and correct timely. As a result of this condition, the Schedule of Expenditures of Federal Awards had to be corrected to reflect expenditures that had been accrued in the District's financial statements. Recommendation: We recommend that the District implement policies and procedures to report grant expenditures on the accrual basis of accounting throughout the year. Identification as a Repeat Finding, if applicable A repeat finding; See finding 2023-002 Questioned costs None Management response: Management agrees with the findings and recommendations.
Show full finding ▾Hide full finding ▴Finding Number: 2024-002 - Preparation of the Schedule of Expenditures of Federal Awards Criteria: The District should report federal grant expenditures on an accrual basis of accounting in order to be consistent with the District's financial statements. Per 2 CFR §200.328, recipients of federal awards must submit financial reports such as those required by the Vermont Community Broadband Board (VCBB). Timely and accurate submission of these reports is critical for demonstrating compliance, accountability, and program effectiveness. Condition Found: The District is currently reporting grant expenditures on a cash basis which is not consistent with the financial statements, which are prepared using the accrual basis of accounting. As a result, grant expenditures could be reported in improper periods. Cause and Effect: Having to adjust for accrual account balances resulted in errors that an ongoing accrual accounting process would have helped prevent or detect and correct timely. As a result of this condition, the Schedule of Expenditures of Federal Awards had to be corrected to reflect expenditures that had been accrued in the District's financial statements. Recommendation: We recommend that the District implement policies and procedures to report grant expenditures on the accrual basis of accounting throughout the year. Identification as a Repeat Finding, if applicable A repeat finding; See finding 2023-002 Questioned costs None Management response: Management agrees with the findings and recommendations.
The District acknowledges the continuing issue of receiving material vendor invoices many months after performance of contracted work. One set of late invoices entered into QuickBooks accounts payable with retroactive dates was not recognized as grant revenue earned. As recommended by the auditors, the District will begin tracking grant expenditures on an accrual basis beginning with the period ending July 31, 2025. In addition to the monthly recognition of cash accounts by the Finance Coordinator, all balance sheet accounts with material balances will be reconciled each month by the Treasurer with review by the Executive Director beginning with the period ending July 31, 2025. We anticipate both audit findings will be fully resolved by these actions. Responsible party: Patrick Moreland Date: Ongoing
2023-002
FAC accepted this audit on September 17, 2024 — management decision was due March 17, 2025.
Finding Number: 2023-002 - Preparation of the Schedule of Expenditures of Federal Awards Criteria: The District should be reporting federal grant expenditures on an accrual basis of accounting in order to be consistent with the District's financial statements. Condition Found: The District is currently reporting grant expenditures on a cash basis which is not consistent with the financial statements prepared using the accrual basis of accounting as a result grant expenditures could be reported in improper periods. Cause and Effect: Having to adjust for accrual account balances resulted in errors that an ongoing accrual accounting process would have helped prevent or detect and correct timely. As a result of this condition, the District reported grant expenditures that had been accrued and reported in the prior year's Schedule of Expenditures of Federal Awards. Recommendation: It was recommended that the District implement policies and procedures to report grant expenditures on the accrual basis of accounting throughout the year. Identification as a Repeat Finding, if applicable: Not applicable Management response: Management agrees with the findings and recommendations.
Show full finding ▾Hide full finding ▴Finding Number: 2023-002 - Preparation of the Schedule of Expenditures of Federal Awards Criteria: The District should be reporting federal grant expenditures on an accrual basis of accounting in order to be consistent with the District's financial statements. Condition Found: The District is currently reporting grant expenditures on a cash basis which is not consistent with the financial statements prepared using the accrual basis of accounting as a result grant expenditures could be reported in improper periods. Cause and Effect: Having to adjust for accrual account balances resulted in errors that an ongoing accrual accounting process would have helped prevent or detect and correct timely. As a result of this condition, the District reported grant expenditures that had been accrued and reported in the prior year's Schedule of Expenditures of Federal Awards. Recommendation: It was recommended that the District implement policies and procedures to report grant expenditures on the accrual basis of accounting throughout the year. Identification as a Repeat Finding, if applicable: Not applicable Management response: Management agrees with the findings and recommendations.
Corrective Action Plan: The District acknowledges that accruals of material vendor invoices were delayed due to receiving invoices many months after performance of contracted work. Accruals going forward will be estimated based on either the vendor’s estimated cost of work or the estimated cost per mile completed, less invoices received, through the date that the trial balance is delivered to the auditors for the period under audit. Additionally, monthly accruals will be entered for material expenses. The Board plans to remain involved in the financial activities of the District to provide oversight by performing a monthly review of the financial information of the District to provide mitigating controls over financial statement reporting. During 2024, the District hired an experienced Treasurer to provide tax and accounting services to the District. The Treasurer is a Certified Public Accountant in good standing, a Certified Internal Auditor and a Certified Fraud Examiner and is actively involved with other Communication Union Districts within the State of Vermont. We expect this oversight to relieve these material weaknesses. Responsible party: Gabrielle Ciuffreda, Executive Director Anticipated Completion Date: Ongoing
FAC accepted this audit on August 30, 2023 — management decision was due March 1, 2024.
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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