FAC Explorer

Audit 356074

FY End
2023-06-30
Total Expended
$1.03M
Findings
2
Programs
2
Organization: Central Area Rural Transit System, Inc. (AK)
Year: 2023 Accepted: 2025-05-12
Auditor: Bdo USA PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
560097 2023-002 Significant Deficiency Yes L
1136539 2023-002 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
20.509 Formula Grants for Rural Areas and Tribal Transit Program $953,921 Yes 1
93.558 Temporary Assistance for Needy Families $75,000 - 0

Contacts

Name Title Type
CS55BHHE4D74 Jessica Schultz Auditee
9072628900 James Doughty Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Central Area Rural Transit System, Inc. under the programs of the federal government for the year ended June 30, 2023. 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). Because the Schedule presents only a selected portion of the operations of Central Area Rural Transit System, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Central Area Rural Transit System, Inc. 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. De Minimis Rate Used: N Rate Explanation: Central Area Rural Transit System, Inc. has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2023-002
Finding 2023-002 Significant Deficiency in Internal Control over Compliance, Noncompliance - Reporting Identification of the federal program Agency Department of Transportation ALN 20.509 Program Formula Grants for Rural Areas and Tribal Transit Program Award Number 2508-20-0202 & 2508-21-0301 Award Year 2020 and 2021 Criteria or specific requirement Per 2 CFR Chapter I and Chapter II part 200 section 200.512 states that “(1) The audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day. Condition The Form SF-SAC for the fiscal year ended June 30, 2023 was not filed on time. Cause The audit was not completed in time to file the form. Effect or Potential Effect The Organization was not able to file the Form SF-SAC by the required time. Questioned costs None Context The Form SF-SAC is due nine months after the fiscal year-end or within 30 days of the report date. The form for the fiscal year ended June 30, 2023 was filed late. Identification as a repeat finding Yes. This finding was reported as Finding 2022-002 in the prior audit. Recommendation We recommend CARTS implement internal control procedures to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials Management concurs with the findings. Management will ensure timely year end closing and review of audit schedules to ensure timely reporting.
Finding 2023-002
Finding 2023-002 Significant Deficiency in Internal Control over Compliance, Noncompliance - Reporting Identification of the federal program Agency Department of Transportation ALN 20.509 Program Formula Grants for Rural Areas and Tribal Transit Program Award Number 2508-20-0202 & 2508-21-0301 Award Year 2020 and 2021 Criteria or specific requirement Per 2 CFR Chapter I and Chapter II part 200 section 200.512 states that “(1) The audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day. Condition The Form SF-SAC for the fiscal year ended June 30, 2023 was not filed on time. Cause The audit was not completed in time to file the form. Effect or Potential Effect The Organization was not able to file the Form SF-SAC by the required time. Questioned costs None Context The Form SF-SAC is due nine months after the fiscal year-end or within 30 days of the report date. The form for the fiscal year ended June 30, 2023 was filed late. Identification as a repeat finding Yes. This finding was reported as Finding 2022-002 in the prior audit. Recommendation We recommend CARTS implement internal control procedures to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials Management concurs with the findings. Management will ensure timely year end closing and review of audit schedules to ensure timely reporting.