FAC Explorer

Finding 601801 (2022-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-03-30
Audit: 22191
Organization: 10-15 Regional Transit Agency (IA)
Auditor: Anderson Larkin & CO PC

AI Summary

  • Core Issue: The agency failed to properly segregate duties related to the handling of federal receipts and disbursements.
  • Impacted Requirements: This affects compliance with federal program regulations for assistance listings like 20.509 and 20.526.
  • Recommended Follow-Up: Implement stronger internal controls to ensure proper segregation of duties in financial processes.

Finding Text

Assistance Listing Number 20.509 Formula Grants for Rural Areas, 20.509 COVID-19 Formula Grants for Rural Areas, 20.509 Rural Area Formula (CRRSAA), 20.526 Bus and Bus Facilities Formula, Competitive, and Low or no Emissions Programs U.S. Department of Transportation 2022-001 Segregation of Duties over Federal Receipts and Disbursements ? The Agency did not properly segregate collection, deposit, disbursements and record-keeping for receipts and disbursements, including those related to federal programs.

Categories

Procurement, Suspension & Debarment Internal Control / Segregation of Duties

Other Findings in this Audit

  • 25359 2022-001
    Material Weakness Repeat
  • 25360 2022-001
    Material Weakness Repeat
  • 25361 2022-001
    Material Weakness Repeat
  • 25362 2022-001
    Material Weakness Repeat
  • 601802 2022-001
    Material Weakness Repeat
  • 601803 2022-001
    Material Weakness Repeat
  • 601804 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.509 Formula Grants for Rural Areas and Tribal Transit Program $413,906
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $82,025