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  2. Finance Committee - Agenda - 7/6/2022 - P264

Finance Committee - Agenda - 7/6/2022 - P264

By dnadmin on Sun, 11/06/2022 - 21:48
Document Date
Fri, 07/01/2022 - 09:35
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 07/06/2022 - 00:00
Page Number
264
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__070620…

w MELANSON

Single Audit

Schedule of Expenditures of Federal Awards

We will subject the Schedule of Expenditures of Federal Awards (the Schedule) to the auditing
procedures applied in our audit of the basic financial statements and certain additional procedures,
including comparing and reconciling the Schedule to the underlying accounting and other records
used to prepare the financial statements or to the financial statements themselves, and
additional procedures in accordance with auditing standards generally accepted in the United States
of America. We intend to provide an opinion on whether the Schedule of Expenditures of Federal
Awards is presented fairly in all material respects in relation to the financial statements as a
whole.

Data Collection Form

Prior to the completion of our engagement, we will complete the sections of the Data Collection
Form that are our responsibility. The Data Collection Form will summarize our audit findings,
amounts and conclusions. It is management’s responsibility to submit a reporting package including
financial statements, Schedule of Expenditure of Federal Awards, summary schedule of prior audit
findings and corrective action plan along with the Data Collection Form to the Federal Audit
Clearinghouse. The financial reporting package must be text searchable, unencrypted, and
unlocked. Otherwise, the reporting package will not be accepted by the Federal Audit
Clearinghouse. We will assist you in the electronic submission and certification. You may request
from us copies of our report for you to include with the reporting package submitted to pass-
through entities.

The Data Collection Form is required to be submitted within the earlier of 30 days after receipt of
our auditors’ reports or nine months after the end of the audit period, unless specifically waived
by a federal cognizant or oversight agency for audits. Data Collection Forms submitted untimely
are one of the factors in assessing programs at a higher risk.

Audit of Major Program Compliance

Our audit of the City’s major federal award programs compliance will be conducted in accordance
with the requirements of the Single Audit Act, as amended; and the Uniform Guidance, and will
include tests of accounting records, a determination of major programs in accordance with the
Uniform Guidance and other procedures we consider necessary to enable us to express such an
opinion on major federal award program compliance and to render the required reports. We
cannot provide assurance that an unmodified opinion on compliance will be expressed.
Circumstances may arise in which it is necessary for us to modify our opinion or withdraw from
the engagement.

The Uniform Guidance requires that we also plan and perform the audit to obtain reasonable
assurance about whether material noncompliance with applicable laws and regulations, the

800.282.2440 | melansoncpas.com

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Finance Committee - Agenda - 7/6/2022 - P264

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