Audit 16882

FY End
2022-06-30
Total Expended
$7.85M
Findings
20
Programs
1
Organization: Cheyenne Regional Airport Board (WY)
Year: 2022 Accepted: 2023-02-22

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
12440 2022-001 Significant Deficiency - I
12441 2022-002 Significant Deficiency - L
12442 2022-001 Significant Deficiency - I
12443 2022-002 Significant Deficiency - L
12444 2022-001 Significant Deficiency - I
12445 2022-002 Significant Deficiency - L
12446 2022-001 Significant Deficiency - I
12447 2022-002 Significant Deficiency - L
12448 2022-001 Significant Deficiency - I
12449 2022-002 Significant Deficiency - L
588882 2022-001 Significant Deficiency - I
588883 2022-002 Significant Deficiency - L
588884 2022-001 Significant Deficiency - I
588885 2022-002 Significant Deficiency - L
588886 2022-001 Significant Deficiency - I
588887 2022-002 Significant Deficiency - L
588888 2022-001 Significant Deficiency - I
588889 2022-002 Significant Deficiency - L
588890 2022-001 Significant Deficiency - I
588891 2022-002 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
20.106 Airport Improvement Program $1.08M Yes 2

Contacts

Name Title Type
TXJGNCSLLTW9 Jennifer Nelson Auditee
3073169179 Jason Lund Auditor
No contacts on file

Notes to SEFA

Title: Non-Cash Assistance Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the schedule) includes the federal grant activity of the Cheyenne Regional Airport Board under programs for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of the Cheyenne Regional Airport Board, it is not intended to and does not present the financial position,changes in net position, or cash flows of the Cheyenne Regional Airport Board.Basis of AccountingRevenues and expenditures are recognized on the accrual basis of accounting. Revenues are recognized in the accounting period in which they are earned and became measurable. This occurs when Cheyenne Regional Airport Board incurs or expends funds under a federal award.Expenditures are recognized in the period in which they are incurred. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Cheyenne Regional Airport Board received no non-cash federal assistance in the form ofinsurance or loan and loan guarantees for the year ended June 30, 2022.
Title: Subrecipients Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the schedule) includes the federal grant activity of the Cheyenne Regional Airport Board under programs for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of the Cheyenne Regional Airport Board, it is not intended to and does not present the financial position,changes in net position, or cash flows of the Cheyenne Regional Airport Board.Basis of AccountingRevenues and expenditures are recognized on the accrual basis of accounting. Revenues are recognized in the accounting period in which they are earned and became measurable. This occurs when Cheyenne Regional Airport Board incurs or expends funds under a federal award.Expenditures are recognized in the period in which they are incurred. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Airport did not pass any portion of federal awards to subrecipients.
Title: Grant Receivables Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the schedule) includes the federal grant activity of the Cheyenne Regional Airport Board under programs for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of the Cheyenne Regional Airport Board, it is not intended to and does not present the financial position,changes in net position, or cash flows of the Cheyenne Regional Airport Board.Basis of AccountingRevenues and expenditures are recognized on the accrual basis of accounting. Revenues are recognized in the accounting period in which they are earned and became measurable. This occurs when Cheyenne Regional Airport Board incurs or expends funds under a federal award.Expenditures are recognized in the period in which they are incurred. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Accrued amounts are due to expenditures exceeding receipts for an individual federal award as of June 30, 2022. Any accrued amounts in the schedule of expenditures of federal awards are shown as grant receivables in the basic financial statements.

Finding Details

Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.
Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.