FAC Explorer

Audit 371181

FY End
2023-12-31
Total Expended
$5.77M
Findings
5
Programs
1
Organization: Bemidji Regional Airport Authority (MN)
Year: 2023 Accepted: 2025-10-22
Auditor: MILLER MCDONALD INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1161177 2023-004 Material Weakness Yes P
1161178 2023-004 Material Weakness Yes P
1161179 2023-004 Material Weakness Yes P
1161180 2023-004 Material Weakness Yes P
1161181 2023-004 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
20.106 AIRPORT IMPROVEMENT PROGRAM, INFRASTRUCTURE INVESTMENT AND JOBS ACT PROGRAMS, AND COVID-19 AIRPORTS PROGRAMS $582,160 Yes 1

Contacts

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

Notes to SEFA

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.
The Authority has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-004
Condition During the course of our engagement, we proposed material audit adjustments that affected the Authority’s revenue, receivables, capital assets, and lease activity. 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 2022-004 Recommendation We recommend management implement policies and procedures to reconcile the balance sheet activity to supporting documentation.