Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.
Criteria:
The Board must maintain an adequate system of internal control over financial reporting in order to initiate,
authorize, record, process, and report financial data reliably in accordance with generally accepted governmental
accounting standards as established by the Governmental Accounting Standards Board (GASB).
Condition:
During our testing of construction in process (CIP), we noted that CIP was understated within the entity wide
financial statements by $5,487,053.
Cause:
The Board did not properly evaluate capital outlay cost to determine the completeness of CIP.
Effect:
The fixed asset amount on the entity wide financial statements, before the audit adjustment, was understated.
Recommendation:
We suggest the Board ensures all fixed asset accounts are properly reconciled to fund level activity as part of the
closing process. We recommend the Board evaluate roles and responsibilities of the personnel within the
department as to whom will perform the reconciliation as well as review it for accuracy.