Finding Text
Criteria: The Authority should prepare the schedule of expenditures of federal awards. Condition: The Authority was unable to provide us with a schedule of expenditures of federal awards with the appropriate
allocation of funds by ALN and funding source. Cause: Due to the small size of the Authority and the limited number of accounting personnel, no individual is skilled in
the preparation of the schedule of expenditures of federal awards. Effect: During the course of our audit, we prepared the schedule of expenditure of federal awards; however,
management of the Authority thoroughly reviewed it and accepted responsibility for its completeness and
accuracy. Recommendation: Continue to use the services of the external audit firm to prepare the Authority’s schedule of expenditures of
federal awards in accordance with generally accepted accounting principles. Management's Response: The Authority agrees with the finding. It will continue to use its external auditors to prepare the schedule of
expenditures of federal awards. Management will continue to thoroughly review and accept responsibility for the
completeness and accuracy of the schedule of expenditures of federal awards.