Colorado · Local government · under $2M in federal spending
Town of Akron
Akron, CO
The FY2024 single audit reports 1 finding: 1 material weakness.
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
$1,279,163 in federal awards spent, across 1 program. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Transportation | $1,279,163 |
FY2024 audit
- FAC record
- 2024-12-GSAFAC-0000411194
- Fiscal year end
- December 31, 2024
- Accepted by FAC
- April 2, 2026; submitted 184 days after its due date (September 30, 2025)
- Federal spending
- $1,279,163 · 1 program
- Major programs
- 1
- Score
- 8 of 100
Finding 2024-001
material weakness
- Program
- AIRPORT IMPROVEMENT PROGRAM, INFRASTRUCTURE INVESTMENT AND JOBS ACT PROGRAMS, AND COVID-19 AIRPORTS PROGRAMS (20.106)
- Compliance requirement
- Activities allowed or unallowed; Allowable costs/cost principles; Equipment and real property management; Matching, level of effort, earmarking; Reporting; Special tests and provisions
- FAC record
- FY2024 audit on fac.gov
Finding text from the filing
Material Weakness in Internal Control over Compliance - Performance and submission of Single Audit under Uniform Guidance. Single audit under the Uniform Guidance was not performed for fiscal year 2024 or submitted to the Federal Clearing House. Expenditure of federal awards over $750,000 in a fiscal year requires a single audit under Uniform Grant Guidance to be performed and submitted to the Federal Audit ClearingHouse. Town was not in compliance with federal requirements under the Uniform Guidance and Federal Audit Clearinghouse requirements.