FAC Explorer

Finding 1056954 (2023-001)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-08-06
Audit: 316706
Organization: Perkasie Regional Authority (PA)
Auditor: Marcum LLP

AI Summary

  • Issue: The Authority did not report $1,240,580 in revenue from a federal grant for 2023.
  • Impact: This oversight affects financial accuracy and compliance with reporting requirements.
  • Follow-up: Review and adjust financial statements to include the missed revenue and ensure future compliance.

Finding Text

The Authority failed to recognize revenue related to its federal grant in the amount of $1,240,580 for the year ended December 31, 2023

Categories

No categories assigned yet.

Other Findings in this Audit

  • 480512 2023-001
    Material Weakness
  • 480513 2023-002
    Material Weakness
  • 480514 2023-003
    Significant Deficiency
  • 1056955 2023-002
    Material Weakness
  • 1056956 2023-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
66.468 Capitalization Grants for Drinking Water State Revolving Funds $3.31M