Finding Text
2024-002 Transit Grants
CFDA Title: Federal Transit Formula Grants
CFDA Number:20.507
Federal Award Number: 113057, 113061,113052,113093
Federal Agency: Department of Transportation
Pass-through Entity: Montana Department of Transportation,
Condition:
Program expenditures were not separately identified in the general ledger by grant.
Questioned Costs:
None. Context:
The cost principles in 2 CFR part 200, subpart E (cost principles), prescribe the cost accounting requirements associated with the administration of federal awards. Direct costs are those costs that can be identified specifically with a particular final cost objective, such
as a federal award, or other internally or externally funded activity, or that can be directly assigned to such activities relatively easily with a high degree of accuracy.
Effect:
Non-compliance with federal cost principles
Cause:
The county does not have internal control policies and procedures in place that allows it to comply with cost principles outlined in the Uniform Guidance.
Recommendation:
Program revenues and expenditures should be separately identified in the general ledger.