FAC Explorer

Audit 398076

FY End
2024-06-30
Total Expended
$1.95M
Findings
1
Programs
1
Organization: Bowling Green Warren County Regional AIR (KY)
Year: 2024 Accepted: 2026-04-08
Auditor: KIRBY & MOORE LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1206107 2024-002 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
20.106 AIRPORT IMPROVEMENT PROGRAM, INFRASTRUCTURE INVESTMENT AND JOBS ACT PROGRAMS, AND COVID-19 AIRPORTS PROGRAMS $1.95M Yes 1

Contacts

Name Title Type
NNAKVJLY5RN8 Susan Harmon Auditee
2708421101 Robert Kim Kirby Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the Bowling Green - Warren County Regional Airport Board (the "Airport"), under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the 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 Airport, it is not intended to and does not present the financial position, changes in financial position, or cash flows of the Airport.
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 Airport has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-002
Condition: The Airport did not submit the data collection form to the Federal Audit Clearinghouse (FAC) timely. Context and Criteria: As required by 2 CFR section 200.512, the data collection form must be submitted to the FAC nine months after the end of the audit period. Cause: The independent audit firm originally engaged to perform the Airport’s audit for the year ending June 30, 2024 informed the Airport of the firm’s inability to complete the audit as engaged, due to scheduling issues resulting from the death of a former partner. The notification was not timely and as a result, the Airport was unable to engage a successor audit firm in sufficient time to complete the data collection form submission to FAC within prescribed due dates. Effect: The Airport did not comply with 2 CFR section 200.512 for timely report submission. Recommendation: Procedures should be put in place to ensure the data collection form is submitted to the FAC timely. Views of Responsible Officials and Planned Corrective Actions: Airport management will ensure the data collection form is submitted to the FAC timely.