Finding 982413 (2023-001)

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Requirement
ABHILM
Questioned Costs
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Year
2023
Accepted
2024-07-02
Audit: 311531
Auditor: 58-2610796

AI Summary

  • Issue: The American Rescue Plan Act Fund did not have a balanced budget adopted.
  • Impact: This oversight affects compliance with financial management requirements for special revenue funds.
  • Recommendation: Prepare and adopt a budget amendment for the fund to ensure proper financial oversight moving forward.

Finding Text

A balanced budget was not adopted for the American Rescue Plan Act Fund, which is a special revenue fund. Because the award had not yet been received at the time the Authority's budget was prepared and adopted, Management was not yet aware that the budget was required. An amendment to include the budget was not prepared after the special revenue fund was created.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.24M