EIN: 351065397
UEI: KLA2ZBMMWA64
Audited by: Forvis Mazars LLP
Oversight agency: 20 [Department of Transportation]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 11, 2026. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by November 11, 2026 (72 days from today).
What is a management decision? →FAC accepted this audit on April 23, 2025 — management decision was due October 23, 2025.
FAC accepted this audit on May 8, 2024 — management decision was due November 8, 2024.
The Authority applied the incorrect federal participation rate when calculating the federal funds to be reinvested in the program resulting from a sale of property previously acquired using AIP funds. Questioned Costs: $216,491 Context: The Authority applied an 80% participation rate to three parcels that were sold during 2023, when the actual federal participation rate was 90%. Effect: The impact of applying the incorrect participation rate resulted in the Authority understating the amount to be reinvested in the program or returned to the FAA. Cause: The Authority has a process to track the funding sources of all capital assets acquired with federal funds. During the implementation of a new system, certain participation percentages were identified as being incorrect, the result of a partially manual process. Repeat Finding: No Recommendation: We recommend the Authority verify that the participation percentages used in the calculation of federal funds to be reinvested or returned to the federal agency by verified by comparing to the actual grant source documents. Views of Responsible Officials: The Authority agrees with the finding and has already take the necessary steps to mitigate this risk in future transactions.
Show full finding ▾Hide full finding ▴Federal Program Name: Airport Improvement Program (AIP) Federal Agency: Federal Aviation Administration Federal Assistance Listing Title and Number: 20.106 Award Year: January 1, 2023 – December 31, 2023 Criteria or Specific Requirement: Equipment and Real Property Management Condition: The Authority applied the incorrect federal participation rate when calculating the federal funds to be reinvested in the program resulting from a sale of property previously acquired using AIP funds. Questioned Costs: $216,491 Context: The Authority applied an 80% participation rate to three parcels that were sold during 2023, when the actual federal participation rate was 90%. Effect: The impact of applying the incorrect participation rate resulted in the Authority understating the amount to be reinvested in the program or returned to the FAA. Cause: The Authority has a process to track the funding sources of all capital assets acquired with federal funds. During the implementation of a new system, certain participation percentages were identified as being incorrect, the result of a partially manual process. Repeat Finding: No Recommendation: We recommend the Authority verify that the participation percentages used in the calculation of federal funds to be reinvested or returned to the federal agency by verified by comparing to the actual grant source documents. Views of Responsible Officials: The Authority agrees with the finding and has already take the necessary steps to mitigate this risk in future transactions.
Federal Agency: Federal Aviation Administration Federal Assistance listing Number: 20.106 Award Year: January 1, 2023 - December 31, 2023 Views of Responsible Officials: The Authority agrees with the finding and has already taken the necessary steps to mitigate this risk in future transactions. Planned Corrective Action: The Authority has developed a process whereby the calculation of the funds to be returned/reinvested in the Airport Improvement Program is verified by comparing the FAA participation rate to source documents. Anticipated Completion Date: April 30, 2024 Responsible Contact Person: Elias Maqueda, Director, Accounting Contact Information: 317.487.5403 emaqueda@ind.com
The Authority applied the incorrect federal participation rate when calculating the federal funds to be reinvested in the program resulting from a sale of property previously acquired using AIP funds. Questioned Costs: $216,491 Context: The Authority applied an 80% participation rate to three parcels that were sold during 2023, when the actual federal participation rate was 90%. Effect: The impact of applying the incorrect participation rate resulted in the Authority understating the amount to be reinvested in the program or returned to the FAA. Cause: The Authority has a process to track the funding sources of all capital assets acquired with federal funds. During the implementation of a new system, certain participation percentages were identified as being incorrect, the result of a partially manual process. Repeat Finding: No Recommendation: We recommend the Authority verify that the participation percentages used in the calculation of federal funds to be reinvested or returned to the federal agency by verified by comparing to the actual grant source documents. Views of Responsible Officials: The Authority agrees with the finding and has already take the necessary steps to mitigate this risk in future transactions.
Show full finding ▾Hide full finding ▴Federal Program Name: Airport Improvement Program (AIP) Federal Agency: Federal Aviation Administration Federal Assistance Listing Title and Number: 20.106 Award Year: January 1, 2023 – December 31, 2023 Criteria or Specific Requirement: Equipment and Real Property Management Condition: The Authority applied the incorrect federal participation rate when calculating the federal funds to be reinvested in the program resulting from a sale of property previously acquired using AIP funds. Questioned Costs: $216,491 Context: The Authority applied an 80% participation rate to three parcels that were sold during 2023, when the actual federal participation rate was 90%. Effect: The impact of applying the incorrect participation rate resulted in the Authority understating the amount to be reinvested in the program or returned to the FAA. Cause: The Authority has a process to track the funding sources of all capital assets acquired with federal funds. During the implementation of a new system, certain participation percentages were identified as being incorrect, the result of a partially manual process. Repeat Finding: No Recommendation: We recommend the Authority verify that the participation percentages used in the calculation of federal funds to be reinvested or returned to the federal agency by verified by comparing to the actual grant source documents. Views of Responsible Officials: The Authority agrees with the finding and has already take the necessary steps to mitigate this risk in future transactions.
The Authority has developed a process whereby the calculation of the funds to be returned/reinvested in the Airport Improvement Program is verified by comparing the FAA participation rate to source documents.
FAC accepted this audit on May 31, 2024 — management decision was due December 1, 2024.
The Authority applied the incorrect federal participation rate when calculating the federal funds to be reinvested in the program resulting from a sale of property previously acquired using AIP funds. Questioned Costs: $216,491 Context: The Authority applied an 80% participation rate to three parcels that were sold during 2023, when the actual federal participation rate was 90%. Effect: The impact of applying the incorrect participation rate resulted in the Authority understating the amount to be reinvested in the program or returned to the FAA. Cause: The Authority has a process to track the funding sources of all capital assets acquired with federal funds. During the implementation of a new system, certain participation percentages were identified as being incorrect, the result of a partially manual process. Repeat Finding: No Recommendation: We recommend the Authority verify that the participation percentages used in the calculation of federal funds to be reinvested or returned to the federal agency by verified by comparing to the actual grant source documents. Views of Responsible Officials: The Authority agrees with the finding and has already take the necessary steps to mitigate this risk in future transactions.
Show full finding ▾Hide full finding ▴Federal Program Name: Airport Improvement Program (AIP) Federal Agency: Federal Aviation Administration Federal Assistance Listing Title and Number: 20.106 Award Year: January 1, 2023 – December 31, 2023 Criteria or Specific Requirement: Equipment and Real Property Management Condition: The Authority applied the incorrect federal participation rate when calculating the federal funds to be reinvested in the program resulting from a sale of property previously acquired using AIP funds. Questioned Costs: $216,491 Context: The Authority applied an 80% participation rate to three parcels that were sold during 2023, when the actual federal participation rate was 90%. Effect: The impact of applying the incorrect participation rate resulted in the Authority understating the amount to be reinvested in the program or returned to the FAA. Cause: The Authority has a process to track the funding sources of all capital assets acquired with federal funds. During the implementation of a new system, certain participation percentages were identified as being incorrect, the result of a partially manual process. Repeat Finding: No Recommendation: We recommend the Authority verify that the participation percentages used in the calculation of federal funds to be reinvested or returned to the federal agency by verified by comparing to the actual grant source documents. Views of Responsible Officials: The Authority agrees with the finding and has already take the necessary steps to mitigate this risk in future transactions.
Federal Agency: Federal Aviation Administration Federal Assistance listing Number: 20.106 Award Year: January 1, 2023 - December 31, 2023 Views of Responsible Officials: The Authority agrees with the finding and has already taken the necessary steps to mitigate this risk in future transactions. Planned Corrective Action: The Authority has developed a process whereby the calculation of the funds to be returned/reinvested in the Airport Improvement Program is verified by comparing the FAA participation rate to source documents. Anticipated Completion Date: April 30, 2024 Responsible Contact Person: Elias Maqueda, Director, Accounting Contact Information: 317.487.5403 emaqueda@ind.com
The Authority applied the incorrect federal participation rate when calculating the federal funds to be reinvested in the program resulting from a sale of property previously acquired using AIP funds. Questioned Costs: $216,491 Context: The Authority applied an 80% participation rate to three parcels that were sold during 2023, when the actual federal participation rate was 90%. Effect: The impact of applying the incorrect participation rate resulted in the Authority understating the amount to be reinvested in the program or returned to the FAA. Cause: The Authority has a process to track the funding sources of all capital assets acquired with federal funds. During the implementation of a new system, certain participation percentages were identified as being incorrect, the result of a partially manual process. Repeat Finding: No Recommendation: We recommend the Authority verify that the participation percentages used in the calculation of federal funds to be reinvested or returned to the federal agency by verified by comparing to the actual grant source documents. Views of Responsible Officials: The Authority agrees with the finding and has already take the necessary steps to mitigate this risk in future transactions.
Show full finding ▾Hide full finding ▴Federal Program Name: Airport Improvement Program (AIP) Federal Agency: Federal Aviation Administration Federal Assistance Listing Title and Number: 20.106 Award Year: January 1, 2023 – December 31, 2023 Criteria or Specific Requirement: Equipment and Real Property Management Condition: The Authority applied the incorrect federal participation rate when calculating the federal funds to be reinvested in the program resulting from a sale of property previously acquired using AIP funds. Questioned Costs: $216,491 Context: The Authority applied an 80% participation rate to three parcels that were sold during 2023, when the actual federal participation rate was 90%. Effect: The impact of applying the incorrect participation rate resulted in the Authority understating the amount to be reinvested in the program or returned to the FAA. Cause: The Authority has a process to track the funding sources of all capital assets acquired with federal funds. During the implementation of a new system, certain participation percentages were identified as being incorrect, the result of a partially manual process. Repeat Finding: No Recommendation: We recommend the Authority verify that the participation percentages used in the calculation of federal funds to be reinvested or returned to the federal agency by verified by comparing to the actual grant source documents. Views of Responsible Officials: The Authority agrees with the finding and has already take the necessary steps to mitigate this risk in future transactions.
The Authority has developed a process whereby the calculation of the funds to be returned/reinvested in the Airport Improvement Program is verified by comparing the FAA participation rate to source documents.
FAC accepted this audit on April 12, 2023 — management decision was due October 12, 2023.
FAC accepted this audit on April 13, 2022 — management decision was due October 13, 2022.
FAC accepted this audit on April 5, 2021 — management decision was due October 5, 2021.
FAC accepted this audit on May 4, 2020 — management decision was due November 4, 2020.
FAC accepted this audit on June 16, 2019 — management decision was due December 16, 2019.
FAC accepted this audit on April 22, 2018 — management decision was due October 22, 2018.
FAC accepted this audit on May 14, 2017 — management decision was due November 14, 2017.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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