Colorado · Local government · $2M-$10M in federal spending
LAKEWOOD, CO
The FY2025 single audit reports 1 finding: 1 significant deficiency. Audits on file for FY2023–FY2025: FY2023, FY2024, FY2025.
The sum of eight parts, each read from the audit. How the score works.
| Part | Rule | Points | Max |
|---|---|---|---|
| Material weaknesses | 8 points each | 0 | 24 |
| Significant deficiencies | 3 points each | 3 | 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 | 3 | 100 |
$7,003,892 in federal awards spent, across 15 programs. Largest funding agencies:
| Agency | Spent |
|---|---|
| Department of Transportation | $4,267,011 |
| Department of Health and Human Services | $1,210,710 |
| Department of Housing and Urban Development | $800,895 |
significant deficiency
Based on audit procedures performed as of December 31, 2025, we identified an instance in which an invoice relating to goods/services received prior to year-end was not fully accrued. As a result, accounts payable and expenditures were understated by approximately $119,124 in the financial statements.
No findings reported.
significant deficiency
During 2023, it was determined that an error had been made in the prior year related to the recording of CMATT grant revenue and accounts receivable. Additionally, the City brought to our attention that they had not properly deferred grant revenue related to CDOT grants in the prior year.