FAC Explorer

Finding 1092199 (2024-003)

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Requirement
F
Questioned Costs
-
Year
2024
Accepted
2024-12-18
Audit: 333605
Organization: Detroit Transportation Corporation (MI)
Auditor: Alan C Young & Associates PC

AI Summary

  • Answer: DTC failed to conduct the required physical inventory of federally funded equipment within the specified two-year timeframe.
  • Trend: This noncompliance indicates a potential pattern of oversight in asset management practices.
  • List: Follow up by ensuring DTC establishes a schedule for regular inventories and reviews compliance with federal guidelines.

Finding Text

Criteria – As per uniform guidance compliance requirements for Equipment and Real Property management, a nonfederal entity is required to conduct a physical inventory of assets at least every 2 years. Condition – DTC did not complete the physical inventory of equipment acquired with federal funds within the time specified by the compliance requirements. Questioned Costs – Unknown Cause/Effect – DTC has not complied with the requirements for Equipment and Real Property management.

Categories

Equipment & Real Property Management

Other Findings in this Audit

  • 515748 2024-002
    Material Weakness Repeat
  • 515749 2024-002
    Material Weakness Repeat
  • 515750 2024-002
    Material Weakness Repeat
  • 515751 2024-002
    Material Weakness Repeat
  • 515752 2024-002
    Material Weakness Repeat
  • 515753 2024-002
    Material Weakness Repeat
  • 515754 2024-002
    Material Weakness Repeat
  • 515755 2024-002
    Material Weakness Repeat
  • 515756 2024-002
    Material Weakness Repeat
  • 515757 2024-003
    -
  • 515758 2024-003
    -
  • 1092190 2024-002
    Material Weakness Repeat
  • 1092191 2024-002
    Material Weakness Repeat
  • 1092192 2024-002
    Material Weakness Repeat
  • 1092193 2024-002
    Material Weakness Repeat
  • 1092194 2024-002
    Material Weakness Repeat
  • 1092195 2024-002
    Material Weakness Repeat
  • 1092196 2024-002
    Material Weakness Repeat
  • 1092197 2024-002
    Material Weakness Repeat
  • 1092198 2024-002
    Material Weakness Repeat
  • 1092200 2024-003
    -

Programs in Audit

ALN Program Name Expenditures
20.507 Federal Transit Formula Grants $3.08M
20.525 State of Good Repair Grants Program $2.53M
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $708,510
20.205 Highway Planning and Construction $76,120