FAC Explorer

Audit 363381

FY End
2024-09-30
Total Expended
$7.68M
Findings
6
Programs
2
Organization: Northwest Alabama Regional Airport Authority, Inc. (AL)
Year: 2024 Accepted: 2025-07-30
Auditor: Borland Benefield PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
572336 2024-003 Material Weakness Yes P
572337 2024-003 Material Weakness Yes P
572338 2024-003 Material Weakness Yes P
1148778 2024-003 Material Weakness Yes P
1148779 2024-003 Material Weakness Yes P
1148780 2024-003 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
20.901 Payments for Essential Air Services $3.08M - 0
20.106 Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and Covid-19 Airports Programs $350,503 Yes 1

Contacts

Name Title Type
R52LU1CVN2X1 Barry Griffith Auditee
2563832270 Bryant Pruitt Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Note A – Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Northwest Alabama Regional Airport Authority, Inc. under programs of the federal government for the year ended September 30, 2024. The information in this Schedule is presented in accordance with 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 Northwest Alabama Regional Airport Authority, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Northwest Alabama Regional Airport Authority, Inc. Note B – Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principle 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: The Northwest Alabama Regional Airport Authority, Inc. is not reimbursed for indirect costs under any of its federal awards and does not use the 10 percent de minimis indirect cost rate allowable under the Uniform Guidance or any other indirect cost rate.

Finding Details

Finding 2024-003
Criteria : Internal controls should be in place that provide for properly documented review and approval of federal expenditures by an appropriate level of management outside of the accounts payable and cash disbursement process. This is a repeat finding. Condition: During our audit, we noted that there is a lack of segregation of duties in the accounts payable and cash disbursement process. We noted that one employee had the ability to receive invoices, record expenses in the general ledger, write and sign checks, and reconcile internal accounting records. Cause: Due to a limited number of staff, incompatible work functions in the accounts payable and cash disbursements process were performed by the same individual and lacked the appropriate review and approval by an individual outside of that immediate accounting function. Effect : Cash disbursements were processed for payment that lacked a documented review and approval by management personnel. Recommendations: We recommend that the functions associated with accounts payable and cash disbursements process be segregated to the extent possible. All invoices should have a documented approval for payment by management personnel outside of the accounts payable and cash disbursements function. Views of Responsible Officials and Planned Corrective Actions: The Authority acknowledges the finding and has implemented procedures to address the items noted.
Finding 2024-003
Criteria : Internal controls should be in place that provide for properly documented review and approval of federal expenditures by an appropriate level of management outside of the accounts payable and cash disbursement process. This is a repeat finding. Condition: During our audit, we noted that there is a lack of segregation of duties in the accounts payable and cash disbursement process. We noted that one employee had the ability to receive invoices, record expenses in the general ledger, write and sign checks, and reconcile internal accounting records. Cause: Due to a limited number of staff, incompatible work functions in the accounts payable and cash disbursements process were performed by the same individual and lacked the appropriate review and approval by an individual outside of that immediate accounting function. Effect : Cash disbursements were processed for payment that lacked a documented review and approval by management personnel. Recommendations: We recommend that the functions associated with accounts payable and cash disbursements process be segregated to the extent possible. All invoices should have a documented approval for payment by management personnel outside of the accounts payable and cash disbursements function. Views of Responsible Officials and Planned Corrective Actions: The Authority acknowledges the finding and has implemented procedures to address the items noted.
Finding 2024-003
Criteria : Internal controls should be in place that provide for properly documented review and approval of federal expenditures by an appropriate level of management outside of the accounts payable and cash disbursement process. This is a repeat finding. Condition: During our audit, we noted that there is a lack of segregation of duties in the accounts payable and cash disbursement process. We noted that one employee had the ability to receive invoices, record expenses in the general ledger, write and sign checks, and reconcile internal accounting records. Cause: Due to a limited number of staff, incompatible work functions in the accounts payable and cash disbursements process were performed by the same individual and lacked the appropriate review and approval by an individual outside of that immediate accounting function. Effect : Cash disbursements were processed for payment that lacked a documented review and approval by management personnel. Recommendations: We recommend that the functions associated with accounts payable and cash disbursements process be segregated to the extent possible. All invoices should have a documented approval for payment by management personnel outside of the accounts payable and cash disbursements function. Views of Responsible Officials and Planned Corrective Actions: The Authority acknowledges the finding and has implemented procedures to address the items noted.
Finding 2024-003
Criteria : Internal controls should be in place that provide for properly documented review and approval of federal expenditures by an appropriate level of management outside of the accounts payable and cash disbursement process. This is a repeat finding. Condition: During our audit, we noted that there is a lack of segregation of duties in the accounts payable and cash disbursement process. We noted that one employee had the ability to receive invoices, record expenses in the general ledger, write and sign checks, and reconcile internal accounting records. Cause: Due to a limited number of staff, incompatible work functions in the accounts payable and cash disbursements process were performed by the same individual and lacked the appropriate review and approval by an individual outside of that immediate accounting function. Effect : Cash disbursements were processed for payment that lacked a documented review and approval by management personnel. Recommendations: We recommend that the functions associated with accounts payable and cash disbursements process be segregated to the extent possible. All invoices should have a documented approval for payment by management personnel outside of the accounts payable and cash disbursements function. Views of Responsible Officials and Planned Corrective Actions: The Authority acknowledges the finding and has implemented procedures to address the items noted.
Finding 2024-003
Criteria : Internal controls should be in place that provide for properly documented review and approval of federal expenditures by an appropriate level of management outside of the accounts payable and cash disbursement process. This is a repeat finding. Condition: During our audit, we noted that there is a lack of segregation of duties in the accounts payable and cash disbursement process. We noted that one employee had the ability to receive invoices, record expenses in the general ledger, write and sign checks, and reconcile internal accounting records. Cause: Due to a limited number of staff, incompatible work functions in the accounts payable and cash disbursements process were performed by the same individual and lacked the appropriate review and approval by an individual outside of that immediate accounting function. Effect : Cash disbursements were processed for payment that lacked a documented review and approval by management personnel. Recommendations: We recommend that the functions associated with accounts payable and cash disbursements process be segregated to the extent possible. All invoices should have a documented approval for payment by management personnel outside of the accounts payable and cash disbursements function. Views of Responsible Officials and Planned Corrective Actions: The Authority acknowledges the finding and has implemented procedures to address the items noted.
Finding 2024-003
Criteria : Internal controls should be in place that provide for properly documented review and approval of federal expenditures by an appropriate level of management outside of the accounts payable and cash disbursement process. This is a repeat finding. Condition: During our audit, we noted that there is a lack of segregation of duties in the accounts payable and cash disbursement process. We noted that one employee had the ability to receive invoices, record expenses in the general ledger, write and sign checks, and reconcile internal accounting records. Cause: Due to a limited number of staff, incompatible work functions in the accounts payable and cash disbursements process were performed by the same individual and lacked the appropriate review and approval by an individual outside of that immediate accounting function. Effect : Cash disbursements were processed for payment that lacked a documented review and approval by management personnel. Recommendations: We recommend that the functions associated with accounts payable and cash disbursements process be segregated to the extent possible. All invoices should have a documented approval for payment by management personnel outside of the accounts payable and cash disbursements function. Views of Responsible Officials and Planned Corrective Actions: The Authority acknowledges the finding and has implemented procedures to address the items noted.