FAC Explorer

Audit 41368

FY End
2022-12-31
Total Expended
$5.32M
Findings
0
Programs
3
Organization: Roaring Fork Transportation Authority (CO)
Year: 2022 Accepted: 2023-08-24
Auditor: McMahan and Associates LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $1.42M Yes 0
20.933 National Infrastructure Investments $1.30M Yes 0
20.509 Formula Grants for Rural Areas and Tribal Transit Program $100,000 Yes 0

Contacts

Name Title Type
NJJQCBHM51X3 Paul Hamilton Auditee
9703844954 Paul Backes Auditor
No contacts on file

Notes to SEFA

Title: Sub Recipients Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Roaring Fork Transportation Authority (the "Authority") and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the general purpose financial statements. De Minimis Rate Used: N Rate Explanation: The Authority does not use the 10% de minimis cost rate allowed in Title 2 U.S. Code of Federal Regulations (CFR) Part 200.414, Indirect (F&A) costs. Instead, the Authority prepares an annual cost allocation plan to allocate indirect costs. The Authority had no sub recipients as of December 31, 2022.