Finding 381051 (2023-002)

Requirement

Questioned Costs

Year

2023

Accepted

2024-03-19

Audit: 295818

Organization: South Central Regional Transit District (NM)

Auditor: Beasley Mitchell & CO

AI Summary

Answer: The District failed to submit a complete SEFA on time.
Trend: Delays in providing necessary financial documents can hinder audit processes.
List: Ensure timely submission of SEFA in future audits to avoid delays.

Finding Text

The District did not provide a complete Schedule of Expenditures and Federal Awards (SEFA) by the scheduled audit fieldwork date. A complete and accurate SEFA was provided months after the scheduled audit fieldwork date, with assistance from the auditor.

Corrective Action Plan

Staff were not aware of the need to conduct the work required and as such did not have sufficient time based on the audit fieldwork timeline provided. In the future, the SEFA will be done in advance of the audit schedule to provide sufficient time to execute the work and to coordinate efforts with the auditor.

Other Findings in this Audit

957493 2023-002

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Programs in Audit

ALN	Program Name	Expenditures
20.509	Formula Grants for Rural Areas and Tribal Transit Program	$1.01M
20.526	Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs	$414,418
20.505	Metropolitan Transportation Planning and State and Non-Metropolitan Planning and Research	$7,977