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Show Introducing Moabs Newest Affordable Neighborhood T r r.1nco ApniL 5 -- 11, 2001 States expenditure of nearly $2 billion in federal assistance funding is audited State Auditor Auaton Johnson, has issued his annual audit report on the states expenditure of federal funds. This report covers the States compliance with federal laws and regulations govern- ing the use of federal funds. Johnson has questioned $519,173 of costs which may not have been used in compliance with federal laws and regulations and may need to be returned to the federal government. A total of $2,180,519 was questioned in the previous year. Even though, in theory, questioned costs should be paid back to the federal government, past experience indicates that the federal government often does not pursue or disallow many of the costa questioned. The report includes a detailed listing of disbursements for each of the federal programs. The report also presents 30 audit findings and recommendations related to the states compliance with federal laws and regulations and related internal controls. Three material weaknesses in internal controls over federal programs were reported because of problems noted during the audit. Also, two of the 26 federal fi- nancial assistance pro- grams audited received a qualified audit opinion because of compliance problems noted. Those programs, the Child Care e Cluster and the Home Energy Assistance Program, were administered by Utahs Department of Workforce Services and Department of Community and Economic Development, respectively. Federal revenues are a major source of funding for the State of Utah and audit of all federal funds expended to determine whether the funds were are the states largest single revenue source. For the fiscal year ended June 30, 2000, Utah re- and university, where costs have been Low-Incom- ceived $1,980 billion in federal revenues com- pared to $1,655 billion in individual income tax and $1,401 billion in sales tax, which are the second and third largest revenue sources. Of the $1,980 billion in federal revenues, $1,566 billion was received by the states governmental funds (including the general fund, the uniform school fund, and the transportation fund), representing approximately 25 percent of the governmental funds total revenues, and $274 million was received by the states colleges and uni- versities, representing approximately 12 percent of the colleges and universities total revenues. Also, the state participates in various loan programs, such as student loan programs, which are not included in the above amounts. Both federal and state laws require the state to have an annual spent in accordance with federal laws and regulations. Any funds that were not spent in accordance with federal laws and regulations are questioned by the state auditor. The federal government will work with each state agency and each college questioned, to determine if the costs need to be paid back. The federal government may also expand the audit of problem areas identified to increase the amount of disallowed costs if they choose. Federal audit standards require the state auditor to audit the states federal financial assistance programs and give an opinion on the states compliance with federal laws and regulations. Federal audit stand dards require a risk-base- approach which focuses auditing effort on the largest federal pro- grams and those 00 currently under $30,000 New Modulars and Stick Built homes allowed Water and Sewer hookup fees paid All Lots ($2,025 All Utilities 00 value) underground including power, phone, cable, gas, water and sewer Extra wide streets (38 feet) wide enough to park on both sides Curb & Gutter and sidewalks on both sides of street Restrictive Covenants Excellent views of both Rims and the La Sals Close to town County maintained roads Some lots border Pack Creek Complete Building Packages available pro- grams with higher risk. The state auditor audited 26 programs in fiscal year 2000. The programs audited made up approximately 63 of the federal financial assistance spent by the State of Utah. The hundreds of remaining programs received less audit coverage based on the auditors assessment that their risk of noncompliance was lower. For more information, contact Dan Pyatt Pyatt Construction and Properties, Inc. 259.4267 260.1098 |