Saturday, July 18, 2015

Section III- 2-2013 Material Weakness

(Taken directly from the auditor's report. Items in parentheses are my own statements.)

2-2013 Material Weakness (Repeat Finding)

Program: Operation Stonegarden Grant; CFDA Number 97.067 and U.S. 67 Presidential Permit ; CFDA Number 20.205

Criteria: Capital Assets should be reported on the Statement of Net Position for Governmental Activities and for Business-like Activities. Proprietary Funds report their account balances much like a business and all capital assets should be shown on the Statement of Net Position- Proprietary Funds.

See the detail as it is outlined above. REPEAT FINDING.

(Refer to findings in Section II 2-2013)

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