FAC Explorer

Finding 1149580 (2023-004)

Significant Deficiency Repeat Finding
Requirement
F
Questioned Costs
-
Year
2023
Accepted
2025-08-08
Audit: 363965
Organization: Puerto Rico Ports Authority (PR)
Auditor: Galindez LLC

AI Summary

  • Issue: The Authority has not conducted the required physical inventory of property and equipment for the past two years.
  • Trend: This lack of inventory management may indicate ongoing compliance issues and potential asset mismanagement.
  • Follow-up: Recommend immediate action to perform the overdue inventory and establish a regular schedule to prevent future lapses.

Finding Text

While obtaining our understanding of the policies and procedures in place at the Authority’s office in relation to the management of property and equipment, management represented to us that the required physical inventory has not been performed by the Authority’s Property Division personnel during the last two years as required.

Categories

Equipment & Real Property Management

Other Findings in this Audit

  • 573138 2023-004
    Significant Deficiency Repeat
  • 573139 2023-005
    Significant Deficiency Repeat
  • 573140 2023-008
    Significant Deficiency
  • 573141 2023-009
    Significant Deficiency
  • 573142 2023-005
    Significant Deficiency Repeat
  • 573143 2023-006
    Significant Deficiency
  • 573144 2023-007
    Significant Deficiency
  • 573145 2023-005
    Significant Deficiency Repeat
  • 573146 2023-006
    Significant Deficiency
  • 1149581 2023-005
    Significant Deficiency Repeat
  • 1149582 2023-008
    Significant Deficiency
  • 1149583 2023-009
    Significant Deficiency
  • 1149584 2023-005
    Significant Deficiency Repeat
  • 1149585 2023-006
    Significant Deficiency
  • 1149586 2023-007
    Significant Deficiency
  • 1149587 2023-005
    Significant Deficiency Repeat
  • 1149588 2023-006
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
20.106 Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and Covid-19 Airports Programs $13.92M
97.039 Hazard Mitigation Grant $1.79M
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $792,252
16.922 Equitable Sharing Program $189,988
14.218 Community Development Block Grants/entitlement Grants $15,141