City of Cherry Hills Village: single-audit findings

Score: 8 of 100 (FY2024 audit)

The sum of eight parts, each read from the audit. How the score works.

Part	Rule	Points	Max
Material weaknesses	8 points each	8	24
Significant deficiencies	3 points each	0	9
Repeat findings	5 points each	0	15
Longest repeat chain	2 years 3, 3 years 6, 4 years 9, 5+ years 12	0	12
Modified major-program opinions	qualified 8 each; any adverse or disclaimer 15	0	15
Questioned costs	known amount of $25,000 or more, by share and dollars	0	15
Going concern	auditor included a going-concern paragraph	0	5
Prior-year lateness	prior-year audit late or not filed, scored only with a finding	0	5
Score		8	100

Federal funding, FY2024

$1,336,578 in federal awards spent, across 1 program. Largest funding agencies:

Agency	Spent
Department of the Treasury	$1,336,578

FY2024 audit

FAC record: 2024-12-GSAFAC-0000379009
Fiscal year end: December 31, 2024
Accepted by FAC: September 5, 2025
Federal spending: $1,336,578 · 1 program
Major programs: 1
Score: 8 of 100

Finding 2024-003

material weaknessother matters

Program: CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS (21.027)
Compliance requirement: Reporting
FAC record: FY2024 audit on fac.gov

Finding text from the filing

Criteria or specific requirement: The Uniform Guidance in 2 CFR Section 200.303, Internal Controls, requires that non-Federal recipients and subrecipients must establish, document, and maintain effective internal control over the Federal award that provides reasonable assurance the award is in compliance with the Federal Statutes, regulations, and the terms and conditions of the Federal award. Condition: The City's Annual Reports were prepare and submitted by the same individual. The was no additional level of review before submitting. Questioned costs: No Context: The Annual Report is prepared and submitted by the same indivdual with no approver. Cause: The City did not have a control in place surrounding review of the Annual Report prior to submission. Effect: Lack of approval could result in misstatement of federal funds being submitted. Repeat Finding: No Recommendation: We recommend that the Annual Report be approved by someone other than preparer prior to submisson. View of responsible officials: There is no disagreement with the audit finding.