FAC Explorer

Audit 340301

FY End
2024-09-30
Total Expended
$7.52M
Findings
2
Programs
1
Organization: City of Naples Airport Authority (FL)
Year: 2024 Accepted: 2025-01-29
Auditor: Msl P A

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
520631 2024-001 Significant Deficiency - L
1097073 2024-001 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 $7.52M Yes 1

Contacts

Name Title Type
MRYDWCGQHPA5 Ken Warriner Auditee
2398514764 Jeff Wolf Auditor
No contacts on file

Notes to SEFA

Title: Prior Year Expenditures Accounting Policies: The Authority’s basis of accounting is further described in Note 1 of the accompanying basic financial statements. The accompanying Schedule is presented using the accrual basis of accounting. Under the accrual basis, expenditures are recognized in the period liabilities are incurred. De Minimis Rate Used: N Rate Explanation: The Authority has not elected to use the 10 percent de minimis cost rate allowed under the Uniform Guidance. The Schedule includes $1,177,476 of expenditures that were not reported in the Authority’s prior year Schedule.

Finding Details

Finding 2024-001
Finding 2024-001 Significant Deficiency – Schedule of Expenditures of Federal Awards (SEFA) Reporting Federal Assistance Listing No. 20.106 U.S. Department of Transportation Airport Improvement Program Criteria: The Authority should properly identify and report all federal grant expenditures to ensure they are properly included on the Authority’s SEFA. Condition: The Authority’s current year SEFA included several expenditures that should have been reported in the Authority’s prior year SEFA. Cause: The 2023 fiscal year end invoice accruals were not calculated into the total expenditures for the SEFA in prior fiscal year. Effect: This condition resulted in $1,177,476 of expenditures that were not reported in the Authority’s prior year SEFA. Questioned Costs: Not applicable. Recommendation: We recommend that the Authority implement a process that ensures that the Authority’s personnel responsible for financial federal assistance reporting be included and notified whenever, grant expenditures are incurred to ensure proper reporting of these activities in the Authority’s financial records.
Finding 2024-001
Finding 2024-001 Significant Deficiency – Schedule of Expenditures of Federal Awards (SEFA) Reporting Federal Assistance Listing No. 20.106 U.S. Department of Transportation Airport Improvement Program Criteria: The Authority should properly identify and report all federal grant expenditures to ensure they are properly included on the Authority’s SEFA. Condition: The Authority’s current year SEFA included several expenditures that should have been reported in the Authority’s prior year SEFA. Cause: The 2023 fiscal year end invoice accruals were not calculated into the total expenditures for the SEFA in prior fiscal year. Effect: This condition resulted in $1,177,476 of expenditures that were not reported in the Authority’s prior year SEFA. Questioned Costs: Not applicable. Recommendation: We recommend that the Authority implement a process that ensures that the Authority’s personnel responsible for financial federal assistance reporting be included and notified whenever, grant expenditures are incurred to ensure proper reporting of these activities in the Authority’s financial records.