FAC Explorer

Audit 333882

FY End
2023-12-31
Total Expended
$7.78M
Findings
2
Programs
1
Organization: Thief River Falls Regional Airport Authority (MN)
Year: 2023 Accepted: 2024-12-19
Auditor: Hoffman Philipp & Martell PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
516077 2023-003 Significant Deficiency - L
1092519 2023-003 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
20.106 Airport Improvement Program, Covid-19 Airports Programs, and Infrastructure Investment and Jobs Act Programs $7.78M Yes 1

Contacts

Name Title Type
D5P5XMELD9Y4 Joe Hedrick Auditee
2186817680 Marit Martell Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the schedule are reported on the modified 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. De Minimis Rate Used: N Rate Explanation: Thief River Falls Airport Authority has elected to not use the 10 percent deminimus rate indirect cost rate.

Finding Details

Finding 2023-003
Criteria: The Uniform Guidance states that an auditee must submit a data collection form and audit reporting package to the Federal Audit Clearinghouse within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: Thief River Falls Airport Authority did not submit the data collection form to the Federal Audit Clearinghouse within the required time frame. Context: Thief River Falls Airport Authority was in violation of the reporting requirements when their audit was not completed until after 11 months after the end of the fiscal year. Effect: This instance of later reporting is not expected to reoccur. Cause: Delays in the completeness of information resulted in late reporting. Recommendation: The annual Airport Authority audit should be completed within nine months of the fiscal year end to allow for timely submission of the data collection form and reporting package. Airport Authority Response: The late audit report was beyond the control of the Airport Aurhority. The Airport Manger will monitor the progress of the annual audit in the future so that the annual audit will be completed on a timely basis as described in the corrective action plan.
Finding 2023-003
Criteria: The Uniform Guidance states that an auditee must submit a data collection form and audit reporting package to the Federal Audit Clearinghouse within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: Thief River Falls Airport Authority did not submit the data collection form to the Federal Audit Clearinghouse within the required time frame. Context: Thief River Falls Airport Authority was in violation of the reporting requirements when their audit was not completed until after 11 months after the end of the fiscal year. Effect: This instance of later reporting is not expected to reoccur. Cause: Delays in the completeness of information resulted in late reporting. Recommendation: The annual Airport Authority audit should be completed within nine months of the fiscal year end to allow for timely submission of the data collection form and reporting package. Airport Authority Response: The late audit report was beyond the control of the Airport Aurhority. The Airport Manger will monitor the progress of the annual audit in the future so that the annual audit will be completed on a timely basis as described in the corrective action plan.