FAC Explorer

Audit 327698

FY End
2024-06-30
Total Expended
$4.65M
Findings
12
Programs
1
Organization: Piedmont Triad Airport Authority (NC)
Year: 2024 Accepted: 2024-11-08
Auditor: Forvis Mazars LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
504947 2024-003 - - L
504948 2024-003 - - L
504949 2024-003 - - L
504950 2024-003 - - L
504951 2024-003 - - L
504952 2024-003 - - L
1081389 2024-003 - - L
1081390 2024-003 - - L
1081391 2024-003 - - L
1081392 2024-003 - - L
1081393 2024-003 - - L
1081394 2024-003 - - L

Programs

ALN Program Spent Major Findings
20.106 Airport Improvement Program, Covid-19 Airports Programs, and Infrastructure Investment and Jobs Act Programs $2.83M Yes 1

Contacts

Name Title Type
XRXDMENKBKL1 Melissa Hoff Auditee
3366655600 Nichole M. Kubly Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: The accompanying schedule of expenditures of federal and state awards ("SEFSA") includes the federal and state grant activity of the Authority under the programs of the federal government and the state of North Carolina for the year ended June 30, 2022. The information in this SEFSA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the SEFSA presents only a selected portion of the operations of the Authority, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the Authority De Minimis Rate Used: N Rate Explanation: Not applicable, no indirect costs. The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state award activity of Piedmont Triad Airport Authority (the Authority) under programs of the federal government and the state of North Carolina for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of the Authority.
Title: Summary of Significant Accounting Policies Accounting Policies: The accompanying schedule of expenditures of federal and state awards ("SEFSA") includes the federal and state grant activity of the Authority under the programs of the federal government and the state of North Carolina for the year ended June 30, 2022. The information in this SEFSA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the SEFSA presents only a selected portion of the operations of the Authority, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the Authority De Minimis Rate Used: N Rate Explanation: Not applicable, no indirect costs. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Indirect Cost Rate Accounting Policies: The accompanying schedule of expenditures of federal and state awards ("SEFSA") includes the federal and state grant activity of the Authority under the programs of the federal government and the state of North Carolina for the year ended June 30, 2022. The information in this SEFSA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the SEFSA presents only a selected portion of the operations of the Authority, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the Authority De Minimis Rate Used: N Rate Explanation: Not applicable, no indirect costs. The Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Subrecipients Accounting Policies: The accompanying schedule of expenditures of federal and state awards ("SEFSA") includes the federal and state grant activity of the Authority under the programs of the federal government and the state of North Carolina for the year ended June 30, 2022. The information in this SEFSA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the SEFSA presents only a selected portion of the operations of the Authority, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the Authority De Minimis Rate Used: N Rate Explanation: Not applicable, no indirect costs. The Authority has not contracted or made awards to any subrecipients.

Finding Details

Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.
Finding 2024-003
Finding: Reporting CFDA No. 20.106, Airport Improvement Program Criteria or Specific Requirement: The U.S. Office of Management and Budget (OMB) Uniform Guidance, Compliance Supplement, requires FAA Form 5100-126, Financial Government Payment Report (OMB No. 2120-0569) capture amounts paid and services provided to other units of government for commercial service airports. Condition: The Authority submitted the FAA Form 5100-126 without the required information of amounts paid to other government units. Questioned costs: None. Context: The form is required to be filed annually. We selected this form to test and noted it was submitted blank. Effect: Inaccurate information was reported to the awarding agency. Cause: The Authority was not aware of the requirement to the level of detail of amounts paid to other units of government on this form. Historically, a blank form was submitted, and current management was not aware of the reason. Recommendation: We recommend the Authority submit the form with the required information annually.