Answer: Management found errors leading to an overstatement of revenue from ARPA grants.
Trend: This issue affects the Authority's previously issued financial statements.
List: Follow up on correcting the financial statements and ensure accurate reporting moving forward.
Finding Text
During the year ended June 30, 2023, management identified certain errors related to a net overstatement of revenue from the American Rescue Plan Act (ARPA) grants that impact the Authority’s previously issued financial statement.