· Context
Fiscal 2024 single audit reports one ARPA reporting finding
The City's single audit for the fiscal year ended September 30, 2024, accepted by the Federal Audit Clearinghouse on April 7, 2025, tested the recovery funds as a major program ($6,209,519 spent that year) and reported one finding: retainage payable of $47,878 had been reported as program expenditures. The auditor classified it as a significant deficiency, with no questioned costs, and the City agreed with the recommendation to file an amended report.[1]
What the sources say
- ✓ Verified
Finding 2024-002 (American Rescue Plan, ALN 21.027, reporting): 'Retainage payable of $47,878 was incorrectly reported in the program expenditures as of September 30, 2024'; one of two construction projects tested was reported incorrectly. Cause: 'Lack of proper review and reconciliation of expenditures.' Questioned costs: no. Repeat finding: no. The auditor recommended the City file an amended report; the City agreed.[1]
- Misreported retainage
- $47,878