Exhibit D 2024 White Springs Prior Year Findings.PDF

Powell and Jones CPA 1359 S.W. Main Blvd.

Lake City, FL 32025 Phone 386.755.4200

Communication with Those Charged with Governance

To the Honorable Mayor And Members of the Town Council Town of White Springs, Florida

We have audited the financial statements of the Town of White Springs (the Town), Florida for the year ended September 30, 2024. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. Professional standards also require that we communicate to you the following information related to our audit.

Significant Audit Findings

Qualitative Aspects of Accounting Practices

Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the Town are described Note 1 to the financial statements.

No new accounting policies were adopted and the application of existing policies was not changed during 2024. We noted no transactions entered into by the governmental unit during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. There are no sensitive estimates affecting the Town’s financial statements.

Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. There are no sensitive disclosures affecting the financial statements.

Difficulties Encountered in Performing the Audit

We encountered no significant difficulties in dealing with management in performing and completing our audit.

Corrected and Uncorrected Misstatements

Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. There were no such misstatements identified during our audit.

Disagreements with Management

For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations

We have requested certain representations from management that are included in the management representation letter dated June 17, 2025.

Management Consultations with Other Independent Accountants

In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the governmental unit’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

Other Audit Findings or Issues

We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the governmental unit’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.

Other Information in Documents Containing Audited Financial Statements

With respect to the supplementary information accompanying the financial statements, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.

This information is intended solely for the use of the Mayor and Members of the Town Council and management of the Town of White Springs, Florida and is not intended to be and should not be used by anyone other than these specified parties.

Very truly yours, POWELL AND JONES CPA

Lake City, Florida June 17, 2025

SCHEDULE OF FINDINGS

FINDINGS FOR NONCOMPLIANCE

2024-001 Capital Asset Tracking and Review (In excess of second year)

During our audit we found that the system for tracking capital assets was not sufficient to ensure control over the assets, physical counts of capital assets as required by rule 69I-73.006 of the Florida Administrative Code had not been conducted, the listing of assets included several old assets that were no longer in service, and there were numerous older assets that were fully depreciated which require review to determine whether they are still in service.

Management’s Response:

During the 2024-2025 year, the Town will conduct a physical inventory of its capital assets and adjust its fixed assets schedules accordingly.

SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS

2019-003 Significant Budget Difference

Current Year Status: This finding was substantially corrected.

2022-001 Capital Asset Tracking and Review (repeated as 2024-001) Current Year Status: This finding remains uncorrected. Management plans to conduct a full inventory count in the 2024-25 fiscal year.