Recommendations: Management should prepare an Annual Cost Allocation Plan in accordance with the program’s operating contract and federal regulations and ensure it is consistently retained and made available for audit. Management should also establish internal controls over the preparation, approval...
Recommendations: Management should prepare an Annual Cost Allocation Plan in accordance with the program’s operating contract and federal regulations and ensure it is consistently retained and made available for audit. Management should also establish internal controls over the preparation, approval, and retention of the plan. Views of responsible officials and planned corrective actions: Management agrees with the finding and will ensure that the Annual Cost Allocation Plan is completed in a timely manner in accordance with the operating contract and the indirect cost rate submitted for reimbursement matches the Annual Cost Allocation Plan. Training on the proper Annual Cost Allocation Plan process is anticipated through the WV Transit Authority. Anticipated Completion Date: May 1, 2024