FAC Explorer

Audit 357867

FY End
2024-12-31
Total Expended
$1.34M
Findings
2
Programs
1
Organization: Redevelopment Authority of Allegheny County (PA)
Year: 2024 Accepted: 2025-06-03
Auditor: Zelenkofske Axelrod LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
563599 2024-001 Material Weakness Yes P
1140041 2024-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.905 Lead Hazard Reduction Demonstration Grant Program $1.34M Yes 1

Contacts

Name Title Type
G1VNLZE2KDE5 Simone McMeans Auditee
4123501036 Brian Chruscial Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The Redevelopment Authority of Allegheny County (the Authority) as the reporting entity for financial reporting purposes is defined in Note 1 to the Authority's basic financial statements. For purposes of preparing the schedule of expenditures of federal awards, the Authority's reporting entity is the same that was used for financial reporting. The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the Authority's basic financial statements. The Authority did not use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2024-001
Financial Statement Finds: Accounting Records Criteria: The accounts of the Authority should include all significant transactions in the period of benefit. Contion: During the audit, certain audit adjustments were required to record transactions in the period of benefit for the General Fund, Special Projects Fund, IMPAC, and CITF Fund. Effect: The financial records for the General Fund, Special Projects Fund, IMPAC, and CITF Fund did not reflect the financial activity in the period of benefit, which could result in a material misstatement of the financial statements. This is a repeat finding from a previous year – Finding 2023-001. Recommendation: The Authority should ensure that internal control procedures over financial reporting are sufficient to identify and record all transactions in the period of benefit. Management Response: The Authority has initiated additional levels of review in order to sufficiently identify and record all transactions in the period of benefit.
Finding 2024-001
Financial Statement Finds: Accounting Records Criteria: The accounts of the Authority should include all significant transactions in the period of benefit. Contion: During the audit, certain audit adjustments were required to record transactions in the period of benefit for the General Fund, Special Projects Fund, IMPAC, and CITF Fund. Effect: The financial records for the General Fund, Special Projects Fund, IMPAC, and CITF Fund did not reflect the financial activity in the period of benefit, which could result in a material misstatement of the financial statements. This is a repeat finding from a previous year – Finding 2023-001. Recommendation: The Authority should ensure that internal control procedures over financial reporting are sufficient to identify and record all transactions in the period of benefit. Management Response: The Authority has initiated additional levels of review in order to sufficiently identify and record all transactions in the period of benefit.