FAC Explorer

Audit 364568

FY End
2021-12-31
Total Expended
$2.27M
Findings
20
Programs
2
Organization: Bemidji Regional Airport Authority (MN)
Year: 2021 Accepted: 2025-08-20
Auditor: Miller McDonald INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
573941 2021-004 Material Weakness - P
573942 2021-004 Material Weakness - P
573943 2021-004 Material Weakness - P
573944 2021-004 Material Weakness - P
573945 2021-004 Material Weakness - P
573946 2021-005 Significant Deficiency Yes L
573947 2021-005 Significant Deficiency Yes L
573948 2021-005 Significant Deficiency Yes L
573949 2021-005 Significant Deficiency Yes L
573950 2021-005 Significant Deficiency Yes L
1150383 2021-004 Material Weakness - P
1150384 2021-004 Material Weakness - P
1150385 2021-004 Material Weakness - P
1150386 2021-004 Material Weakness - P
1150387 2021-004 Material Weakness - P
1150388 2021-005 Significant Deficiency Yes L
1150389 2021-005 Significant Deficiency Yes L
1150390 2021-005 Significant Deficiency Yes L
1150391 2021-005 Significant Deficiency Yes L
1150392 2021-005 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
20.106 Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and Covid-19 Airports Programs $638,878 Yes 2
11.300 Investments for Public Works and Economic Development Facilities $22,857 - 0

Contacts

Name Title Type
G477JEH7ZTC2 Kyle Christiansen Auditee
2184442438 Jon Roscoe Auditor
No contacts on file

Notes to SEFA

Title: Note 1 – Basis of Presentation Accounting Policies: The above Schedule of Expenditures of Federal Awards includes the federal grant activity of the Bemidji Regional Airport Authority. Expenditures reported on the schedule are reported on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards. Therefore, some amounts in the schedule may differ from amounts presented in or used in the preparation of the financial statements. De Minimis Rate Used: N Rate Explanation: The Authority has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The above Schedule of Expenditures of Federal Awards includes the federal grant activity of the Bemidji Regional Airport Authority. Expenditures reported on the schedule are reported on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards. Therefore, some amounts in the schedule may differ from amounts presented in or used in the preparation of the financial statements.
Title: Note 2 – Indirect Cost Rate Accounting Policies: The above Schedule of Expenditures of Federal Awards includes the federal grant activity of the Bemidji Regional Airport Authority. Expenditures reported on the schedule are reported on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards. Therefore, some amounts in the schedule may differ from amounts presented in or used in the preparation of the financial statements. De Minimis Rate Used: N Rate Explanation: The Authority has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Authority has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.
Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue and receivables. Criteria Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect Errors in the preparation of year-end balances increases the risk related to financial statement misstatements. Cause The Authority has not established controls over year-end adjustments for reporting in accordance with GAAP. Repeat Finding No Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.
Finding 2021-005
Condition Condition The Authority did not have controls in place to monitor completion of reporting forms FAA Form 5100-126 and FAA Form 5100-127. At the time of the audit, the Authority was not aware that the forms were not completed. Criteria Federal guidelines require the auditee must establish and maintain effective internal controls over the federal awards that provide assurance that the entity is managing the federal awards in compliance with federal statutes, regulations, and the conditions of the federal award. Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair representation in the financial statements in accordance with GAAP. Management is responsible for the accuracy and completeness of all financial records and related information. Effect The lack of internal controls over reporting could result in the Authority reporting incorrect or incomplete information. Cause The Authority contracts the completion of the forms by a third party accountant. The Authority did not monitor the completion or accuracy of the form. Repeat Finding 2020-004 Recommendation We recommend management implement policies and procedures to monitor proper completion reporting forms.