FAC Explorer

Audit 356697

FY End
2024-12-31
Total Expended
$7.00M
Findings
10
Programs
1
Organization: Mbs International Airport Commission (MI)
Year: 2024 Accepted: 2025-05-20
Auditor: Rehmann Robson LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
561080 2024-002 - - L
561081 2024-002 - - L
561082 2024-002 - - L
561083 2024-002 - - L
561084 2024-002 - - L
1137522 2024-002 - - L
1137523 2024-002 - - L
1137524 2024-002 - - L
1137525 2024-002 - - L
1137526 2024-002 - - L

Programs

ALN Program Spent Major Findings
20.106 Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and Covid-19 Airports Programs $28,211 Yes 1

Contacts

Name Title Type
NHNDJ5CBA9L7 James Canders Auditee
9896955555 Doug Deeter Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of the MBS International Airport (the “Airport”) under programs of the federal government for the year ended December 31, 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). Because the Schedule presents only a selected portion of the operations of the Airport, it is not intended to and does not present the financial position, changes in net position or cash flows of the Airport. Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the Airport's financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable 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. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: For purposes of charging indirect costs to federal awards, the Airport has not elected to use the de minimis cost rate as permitted by §200.414 of the Uniform Guidance.

Finding Details

Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.
Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.
Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.
Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.
Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.
Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.
Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.
Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.
Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.
Finding 2024-002
2024-002 - Variance in Annual Reporting Finding Type. Immaterial Noncompliance (Reporting) Program. Airport Improvement Program; Direct; ALN 20.106 Criteria. Airport Improvement Program grant recipients are required to file a FAA Form 5100-127, Operating and Financial Summary, which captures revenue and expenditures at the Airport, including revenue surplus. Condition. During our audit, we noted a variance between amounts reported in the Form 5100-127 and amounts recorded in the general ledger and audit report for the related fiscal year. The report was amended during the audit to reflect the correct amounts. Cause. This condition was the result management not appropriately reconciling the Form 5100-127 to the underlying accounting records. Effect. As a result of this condition, the Airport did not fully comply with the requirements of the grant award or the Uniform Guidance. Questioned Costs. No costs have been questioned as a result of this finding, inasmuch as the reporting was deemed to be inaccurate, not the financial records. Recommendation. We recommend that the Airport reconcile the Form 5100-127 with amounts in the general ledger to ensure that all items on the report are correct. View of Responsible Officials.