FAC Explorer

Audit 396698

FY End
2025-06-30
Total Expended
$2.58M
Findings
6
Programs
2
Organization: Cape Ann Transportation Authority (MA)
Year: 2025 Accepted: 2026-03-31
Auditor: GRASSI

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1205049 2025-001 Material Weakness Yes P
1205050 2025-001 Material Weakness Yes P
1205051 2025-001 Material Weakness Yes P
1205052 2025-001 Material Weakness Yes P
1205053 2025-001 Material Weakness Yes P
1205054 2025-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
20.507 FEDERAL TRANSIT FORMULA GRANTS $997,385 Yes 1
20.513 ENHANCED MOBILITY OF SENIORS AND INDIVIDUALS WITH DISABILITIES $58,854 Yes 1

Contacts

Name Title Type
NTCTE4MX66X9 Felicia Webb Auditee
9782831886 Mary Linskey Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Cape Ann Transportation Authority under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Cape Ann Transportation Authority, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Cape Ann Transportation Authority.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Lowell Regional Transit Authority has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance

Finding Details

Finding 2025-001
2025-001 Submission of Audit Package and Data Collection Form Criteria: The audit package and the Data Collection Form are required to be submitted to the Federal Audit Clearinghouse within thirty (30) days after the receipt of the auditor’s report or nine (9) months after the end of the fiscal year – whichever comes first. Therefore, the deadline for submission of the March 30, 2025 audit package and Data Collection Form was July 18, 2025. Condition: Completion of the final submission step for the Single Audit reporting package and Data Collection Form to the Federal Audit Clearinghouse occurred after the required due date of March 30, 2025, as prescribed by 2 CFR 200.512. Recommendation: Internal controls be put in place to ensure timely submission of the Authority's audit package and Data Collection Form to the Federal Audit Clearinghouse. Views of Responsible Officials and Planned Corrective Action: The Authority agrees with the finding and will strengthen its internal procedures to ensure timely submission of the Federal Audit Clearinghouse reporting package going forward.