Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]
Material Weakness – 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures (Repeat Finding)
Finding Type: Material weakness in internal controls over compliance and immaterial non-compliance.
Federal Program: 20.509 Formula Grants for Rural Transits.
Compliance Requirements:
Allowable Activities and Allowable Costs.
Questioned Costs: There were no questioned costs as a result of this finding.
Criteria: Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities.
Condition/Finding: The Authority had instances during accounts payable, payroll, and journal entry testing where documentation of expenditures lacked evidence of review by senior management.
Cause: Lack of documentation of review and approval by management of certain elements of accounts payable, payroll, and journal entries.
Effect: Increased risk of errors or misstatements in financial records related to federal funds.
Recommendation: The Authority should implement procedures for the independent review and approval by management over all accounts payable, payroll, and journal entries related to federal funds.
View of Responsible
Officials
(Corrective Action): [See Corrective Action Plan]