March 31, 2025
CORRECTIVE ACTION PLAN
Pursuant to federal regulations, Uniform Administrative Requirements Section 200.511, the following are the findings, as noted in the St. Joseph County Transportation Authority (the “Authority”), Single Audit report for the year ended September 30, 2024, and corrective actions to be completed.
Finding 2024-003 - Supporting Documentation and Review and Approval for Federal Expenditures
Auditor Description of Condition and Effect. Management is responsible for verifying that federal expenditures are in compliance with allowable costs and allowable activities. The Authority had instances during Accounts Payable, Payroll, and Journal Entry testing where documentation of expenditures lacked evidence of review by senior management.
As a result of this condition, the Authority is exposed to an increased risk of errors or misstatements in financial records related to the federal funds.
Auditor Recommendation. The Authority should implement procedures for the independent review and approval by management over all journal entries, accounts payable, and payroll, related to federal funds.
Corrective Action. We concur with the recommendation and will continue to seek out possibilities to further strengthen our internal control.
Responsible Person: Allen Balog, Executive Director
Anticipated Completion Date: September 30, 2025