Finding 588891 (2022-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-02-22

AI Summary

  • Core Issue: The Airport incorrectly reported expenditures for GRANT AIP 3-56-0005-057-2020, affecting the Schedule of Federal Awards (SEFA).
  • Impacted Requirements: SEFA must align with the Airport's financial statements and comply with 2 CFR 200.303 regarding internal controls over federal awards.
  • Recommended Follow-Up: Implement a review process for the SEFA before submission for audit to prevent future errors.

Finding Text

Criteria: When the Federal expenditures are over $750,000 the Schedule of Federal Awards (SEFA) is presented along with the financial statements in additional supplementary information. The SEFA is to be presented on the same basis of accounting as the Airport?s financial statements unless disclosed. 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not correctly calculated the expenditures for the GRANT AIP 3-56-0005-057-2020. Certain expenditures had been reported on the prior year and others were omitted. The SEFA presented in this report has been adjusted to correct for the errors noted. Cause: Administrative oversight, likely due to changes in accounting personnel. Questioned Costs: None noted. Repeat Finding: No Recommendation: We recommend that the Airport develop a process to review the SEFA prior to submission for audit. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 12440 2022-001
    Significant Deficiency
  • 12441 2022-002
    Significant Deficiency
  • 12442 2022-001
    Significant Deficiency
  • 12443 2022-002
    Significant Deficiency
  • 12444 2022-001
    Significant Deficiency
  • 12445 2022-002
    Significant Deficiency
  • 12446 2022-001
    Significant Deficiency
  • 12447 2022-002
    Significant Deficiency
  • 12448 2022-001
    Significant Deficiency
  • 12449 2022-002
    Significant Deficiency
  • 588882 2022-001
    Significant Deficiency
  • 588883 2022-002
    Significant Deficiency
  • 588884 2022-001
    Significant Deficiency
  • 588885 2022-002
    Significant Deficiency
  • 588886 2022-001
    Significant Deficiency
  • 588887 2022-002
    Significant Deficiency
  • 588888 2022-001
    Significant Deficiency
  • 588889 2022-002
    Significant Deficiency
  • 588890 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
20.106 Airport Improvement Program $1.08M