FAC Explorer

Finding 1096448 (2023-001)

Material Weakness
Requirement
F
Questioned Costs
$1
Year
2023
Accepted
2025-01-23
Audit: 339465
Organization: Cass County Council on Aging, Inc. (IN)
Auditor: Rea Logan & CO LLC

AI Summary

  • Issue: Insurance proceeds from Bus No. 8's damage were misused for payroll instead of repairs.
  • Trend: Bus No. 8 has been idle for about 18 months, indicating a lack of action on asset recovery.
  • Follow-up: Review and enforce policies on the proper use of insurance proceeds for asset restoration.

Finding Text

Proceeds received by the Organization from an insurance company due to transit asset identified as Bus No. 8 being damaged in an accident, was not used to bring the asset back to use and instead was spent on payroll expenses. As of the audit procedures date Bus No. 8 has been idle for approximately 18 months, unusable.

Categories

Questioned Costs

Other Findings in this Audit

  • 520006 2023-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
20.509 Formula Grants for Rural Areas and Tribal Transit Program $736,849