EIN: 680266921
UEI: Z74SLKF1X7Y4
Audited by: Pisenti & Brinker 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 September 3, 2024. 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 March 3, 2025 (544 days ago).
What is a management decision? →GRTA did not provide the audited financial statements within the required timeframe. Questioned costs: Not applicable Context: As of 120 days after year end, GRTA was unable to provide audited financial statements to the Administer. Effect: No definitive effect of missing this deadline was noted. Cause: GRTA lacked the financial resources needed to complete the audit on a timely basis. Recommendation: GRTA should develop a schedule to complete the audit on a timely basis and prioritize the use of its financial resources accordingly. View of responsible officials and planned corrective actions: GRTA will develop a time schedule to ensure that the audits are completed within 120 days after the fiscal year end. GRTA will set aside certain annual encroachment lease payments to ensure that financial resources will be available to pay for the audit services.
Show full finding ▾Hide full finding ▴Findings and Questioned Costs for Federal Awards U.S. Department of Transportation Program Name: Railroad Rehabilitation and Improvement Financing Program CFDA# 20.316 Finding 2021-1 Significant Deficiency Material noncompliance Lack of reporting under Financial and Project Reports requirement 4.6 Criteria: Per the agreement with Federal Railroad Administration for the Railroad Rehabilitation and Improvement Financing Loan, GRTA must provide audited financial statements within 120 days after fiscal year end. Condition: GRTA did not provide the audited financial statements within the required timeframe. Questioned costs: Not applicable Context: As of 120 days after year end, GRTA was unable to provide audited financial statements to the Administer. Effect: No definitive effect of missing this deadline was noted. Cause: GRTA lacked the financial resources needed to complete the audit on a timely basis. Recommendation: GRTA should develop a schedule to complete the audit on a timely basis and prioritize the use of its financial resources accordingly. View of responsible officials and planned corrective actions: GRTA will develop a time schedule to ensure that the audits are completed within 120 days after the fiscal year end. GRTA will set aside certain annual encroachment lease payments to ensure that financial resources will be available to pay for the audit services.
Finding Numbers: 2021-1 & 2020-1 Lack of reporting under Financial and Project Reports requirement 4.6 (Significant Deficiency and Material Noncompliance) Planned Corrective Action: Pursuant to SB1029 (McGuire) as amended in August 2018, management of North Coast Railroad cooperated with the California State Transportation Agency (CalSTA) to discharge the debt obligation to the Federal Railroad Administration Railroad Rehabilitation and Improvement Program. Funds were included in the 2018-2019 State budget to discharge this debt and in July 2021, $2.4 million was paid to pay the RRIF loan in full. Person responsible for Corrective Action Plan: Great Redwood Trail Agency and Elaine Hogan, General Manager. Anticipated Date of Completion: This corrective action was completed in July 2021 with the repayment of the RRIF loan in full.
2020-001
GRTA did not maintain a fixed charge coverage ratio of greater than 1.05. Questioned costs: Not applicable Context: GRTA’s fixed coverage ratio was less than 1.05 at the end of the fiscal year. Effect: No definitive effect of not maintaining the ratio was noted. Cause: GRTA had a net loss from operations at the end of the fiscal year, resulting in a fixed coverage ratio of less than 1.05. Recommendation: We recommend that GRTA work with the Administrator to obtain an amendment to the agreement with achievable financial ratios. View of responsible officials and planned corrective actions: GRTA acknowledges that the required fixed coverage ratio of not less than 1.05 is not currently attainable and will contract the FRA to determine whether an amendment to the agreement can be made.
Show full finding ▾Hide full finding ▴Findings and Questioned Costs for Federal Awards (continued) U.S. Department of Transportation Program Name: Railroad Rehabilitation and Improvement Financing Program CFDA# 20.316 Finding 2021-2 Material noncompliance Failure to meet Financial Test requirement 4.7 Criteria: Per the agreement with Federal Railroad Administration for the Railroad Rehabilitation and Improvement Financing Loan, GRTA must maintain a Fixed Charge Coverage Ratio of not less than 1.05 at the end of each fiscal year. Condition: GRTA did not maintain a fixed charge coverage ratio of greater than 1.05. Questioned costs: Not applicable Context: GRTA’s fixed coverage ratio was less than 1.05 at the end of the fiscal year. Effect: No definitive effect of not maintaining the ratio was noted. Cause: GRTA had a net loss from operations at the end of the fiscal year, resulting in a fixed coverage ratio of less than 1.05. Recommendation: We recommend that GRTA work with the Administrator to obtain an amendment to the agreement with achievable financial ratios. View of responsible officials and planned corrective actions: GRTA acknowledges that the required fixed coverage ratio of not less than 1.05 is not currently attainable and will contract the FRA to determine whether an amendment to the agreement can be made.
Planned Corrective Action: Pursuant to SB1029 (McGuire) as amended in August 2018, management of North Coast Railroad cooperated with the California State Transportation Agency (CalSTA) to discharge the debt obligation to the Federal Railroad Administration Railroad Rehabilitation and Improvement Program. Funds were included in the 2018-2019 State budget to discharge this debt and in July 2021, $2.4 million was paid to pay the RRIF loan in full. Therefore, the financial test requirements set by the Federal Railroad Administration are no longer applicable. Person responsible for Corrective Action Plan: Great Redwood Trail Agency and Elaine Hogan, General Manager. Anticipated Date of Completion: As stated above, with the July 2021 repayment of the RRIF loan in full, the financial test requirements are no longer applicable.
2020-002
FAC accepted this audit on September 3, 2024 — management decision was due March 3, 2025.
GRTA did not provide the audited financial statements within the required timeframe. Questioned costs: Not applicable Context: As of 120 days after year end, GRTA was unable to provide audited financial statements to the Administer. Effect: No definitive effect of missing this deadline was noted. Cause: GRTA lacked the financial resources needed to complete the audit on a timely basis. Recommendation: GRTA should develop a schedule to complete the audit on a timely basis and prioritize the use of its financial resources accordingly. View of responsible officials and planned corrective actions: GRTA will develop a time schedule to ensure that the audits are completed within 120 days after the fiscal year end. GRTA will set aside certain annual encroachment lease payments to ensure that financial resources will be available to pay for the audit services.
Show full finding ▾Hide full finding ▴Findings and Questioned Costs for Federal Awards U.S. Department of Transportation Program Name: Railroad Rehabilitation and Improvement Financing Program CFDA# 20.316 Finding 2020-1 Significant Deficiency Material noncompliance Lack of reporting under Financial and Project Reports requirement 4.6 Criteria: Per the agreement with Federal Railroad Administration for the Railroad Rehabilitation and Improvement Financing Loan, GRTA must provide audited financial statements within 120 days after fiscal year end. Condition: GRTA did not provide the audited financial statements within the required timeframe. Questioned costs: Not applicable Context: As of 120 days after year end, GRTA was unable to provide audited financial statements to the Administer. Effect: No definitive effect of missing this deadline was noted. Cause: GRTA lacked the financial resources needed to complete the audit on a timely basis. Recommendation: GRTA should develop a schedule to complete the audit on a timely basis and prioritize the use of its financial resources accordingly. View of responsible officials and planned corrective actions: GRTA will develop a time schedule to ensure that the audits are completed within 120 days after the fiscal year end. GRTA will set aside certain annual encroachment lease payments to ensure that financial resources will be available to pay for the audit services.
Finding Numbers: 2021-1 & 2020-1 Lack of reporting under Financial and Project Reports requirement 4.6 (Significant Deficiency and Material Noncompliance) Planned Corrective Action: Pursuant to SB1029 (McGuire) as amended in August 2018, management of North Coast Railroad cooperated with the California State Transportation Agency (CalSTA) to discharge the debt obligation to the Federal Railroad Administration Railroad Rehabilitation and Improvement Program. Funds were included in the 2018-2019 State budget to discharge this debt and in July 2021, $2.4 million was paid to pay the RRIF loan in full. Person responsible for Corrective Action Plan: Great Redwood Trail Agency and Elaine Hogan, General Manager. Anticipated Date of Completion: This corrective action was completed in July 2021 with the repayment of the RRIF loan in full.
2019-001
GRTA did not maintain a fixed charge coverage ratio of greater than 1.05. Questioned costs: Not applicable Context: GRTA’s fixed coverage ratio was less than 1.05 at the end of the fiscal year. Effect: No definitive effect of not maintaining the ratio was noted. Cause: GRTA had a net loss from operations at the end of the fiscal year, resulting in a fixed coverage ratio of less than 1.05. Recommendation: We recommend that GRTA work with the Administrator to obtain an amendment to the agreement with achievable financial ratios. View of responsible officials and planned corrective actions: GRTA acknowledges that the required fixed coverage ratio of not less than 1.05 is not currently attainable and will contract the FRA to determine whether an amendment to the agreement can be made.
Show full finding ▾Hide full finding ▴Findings and Questioned Costs for Federal Awards (continued) U.S. Department of Transportation Program Name: Railroad Rehabilitation and Improvement Financing Program CFDA# 20.316 Finding 2020-2 Material noncompliance Failure to meet Financial Test requirement 4.7 Criteria: Per the agreement with Federal Railroad Administration for the Railroad Rehabilitation and Improvement Financing Loan, GRTA must maintain a Fixed Charge Coverage Ratio of not less than 1.05 at the end of each fiscal year. Condition: GRTA did not maintain a fixed charge coverage ratio of greater than 1.05. Questioned costs: Not applicable Context: GRTA’s fixed coverage ratio was less than 1.05 at the end of the fiscal year. Effect: No definitive effect of not maintaining the ratio was noted. Cause: GRTA had a net loss from operations at the end of the fiscal year, resulting in a fixed coverage ratio of less than 1.05. Recommendation: We recommend that GRTA work with the Administrator to obtain an amendment to the agreement with achievable financial ratios. View of responsible officials and planned corrective actions: GRTA acknowledges that the required fixed coverage ratio of not less than 1.05 is not currently attainable and will contract the FRA to determine whether an amendment to the agreement can be made.
Planned Corrective Action: Pursuant to SB1029 (McGuire) as amended in August 2018, management of North Coast Railroad cooperated with the California State Transportation Agency (CalSTA) to discharge the debt obligation to the Federal Railroad Administration Railroad Rehabilitation and Improvement Program. Funds were included in the 2018-2019 State budget to discharge this debt and in July 2021, $2.4 million was paid to pay the RRIF loan in full. Therefore, the financial test requirements set by the Federal Railroad Administration are no longer applicable. Person responsible for Corrective Action Plan: Great Redwood Trail Agency and Elaine Hogan, General Manager. Anticipated Date of Completion: As stated above, with the July 2021 repayment of the RRIF loan in full, the financial test requirements are no longer applicable.
2019-002
FAC accepted this audit on August 17, 2023 — management decision was due February 17, 2024.
NCRA did not provide the audited financial statements within the required timeframe. Questioned costs: Not applicable Context: As of 120 days after year end, NCRA was unable to provide audited financial statements to the Administer. Effect: No definitive effect of missing this deadline was noted. Cause: NCRA lacked the financial resources needed to complete the audit on a timely basis. Recommendation: NCRA should develop a schedule to complete the audit on a timely basis and prioritize the use of its financial resources accordingly. View of responsible officials and planned corrective actions: NCRA will develop a time schedule to ensure that the audits are completed within 120 days after the fiscal year end. NCRA will set aside certain annual encroachment lease payments to ensure that financial resources will be available to pay for the audit services.
Show full finding ▾Hide full finding ▴Findings and Questioned Costs for Federal Awards U.S. Department of Transportation Program Name: Railroad Rehabilitation and Improvement Financing Program CFDA# 20.316 Finding 2019-1 Significant Deficiency Material noncompliance Lack of reporting under Financial and Project Reports requirement 4.6 Criteria: Per the agreement with Federal Railroad Administration for the Railroad Rehabilitation and Improvement Financing Loan, NCRA must provide audited financial statements within 120 days after fiscal year end. Condition: NCRA did not provide the audited financial statements within the required timeframe. Questioned costs: Not applicable Context: As of 120 days after year end, NCRA was unable to provide audited financial statements to the Administer. Effect: No definitive effect of missing this deadline was noted. Cause: NCRA lacked the financial resources needed to complete the audit on a timely basis. Recommendation: NCRA should develop a schedule to complete the audit on a timely basis and prioritize the use of its financial resources accordingly. View of responsible officials and planned corrective actions: NCRA will develop a time schedule to ensure that the audits are completed within 120 days after the fiscal year end. NCRA will set aside certain annual encroachment lease payments to ensure that financial resources will be available to pay for the audit services.
Finding Number: 2019-1 Lack of reporting under Financial and Project Reports requirement 4.6 (Significant Deficiency and Material Noncompliance) Planned Corrective Action: Pursuant to SB1029 (McGuire) as amended in August 2018, management of North Coast Railroad cooperated with the California State Transportation Agency (CalSTA) to discharge the debt obligation to the Federal Railroad Administration Railroad Rehabilitation and Improvement Program. Funds were included in the 2018-2019 State budget to discharge this debt and in July 2021, $2.4 million was paid to pay the RRIF loan in full. Person responsible for Corrective Action Plan: Great Redwood Trail Agency and Karyn Gear, Interim Executive Director. Anticipated Date of Completion: This corrective action was completed in July 2021 with the repayment of the RRIF loan in full.
2018-001
NCRA did not maintain a fixed charge coverage ratio of greater than 1.05. Questioned costs: Not applicable Context: NCRA?s fixed coverage ratio was less than 1.05 at the end of the fiscal year. Effect: No definitive effect of not maintaining the ratio was noted. Cause: NCRA had a net loss from operations at the end of the fiscal year, resulting in a fixed coverage ratio of less than 1.05. Recommendation: We recommend that NCRA work with the Administrator to obtain an amendment to the agreement with achievable financial ratios. View of responsible officials and planned corrective actions: NCRA acknowledges that the required fixed coverage ratio of not less than 1.05 is not currently attainable and will contract the FRA to determine whether an amendment to the agreement can be made.
Show full finding ▾Hide full finding ▴U.S. Department of Transportation Program Name: Railroad Rehabilitation and Improvement Financing Program CFDA# 20.316 Finding 2019-2 Material noncompliance Failure to meet Financial Test requirement 4.7 Criteria: Per the agreement with Federal Railroad Administration for the Railroad Rehabilitation and Improvement Financing Loan, NCRA must maintain a Fixed Charge Coverage Ratio of not less than 1.05 at the end of each fiscal year. Condition: NCRA did not maintain a fixed charge coverage ratio of greater than 1.05. Questioned costs: Not applicable Context: NCRA?s fixed coverage ratio was less than 1.05 at the end of the fiscal year. Effect: No definitive effect of not maintaining the ratio was noted. Cause: NCRA had a net loss from operations at the end of the fiscal year, resulting in a fixed coverage ratio of less than 1.05. Recommendation: We recommend that NCRA work with the Administrator to obtain an amendment to the agreement with achievable financial ratios. View of responsible officials and planned corrective actions: NCRA acknowledges that the required fixed coverage ratio of not less than 1.05 is not currently attainable and will contract the FRA to determine whether an amendment to the agreement can be made.
Finding: 2019-2 Failure to meet Financial Test requirement 4.7 (Material noncompliance): Planned Corrective Action: Pursuant to SB1029 (McGuire) as amended in August 2018, management of North Coast Railroad cooperated with the California State Transportation Agency (CalSTA) to discharge the debt obligation to the Federal Railroad Administration Railroad Rehabilitation and Improvement Program. Funds were included in the 2018-2019 State budget to discharge this debt and in July 2021, $2.4 million was paid to pay the RRIF loan in full. Therefore, the financial test requirements set by the Federal Railroad Administration are no longer applicable. Person responsible for Corrective Action Plan: Great Redwood Trail Agency and Karyn Gear, Interim Executive Director. Anticipated Date of Completion: As stated above, with the July 2021 repayment of the RRIF loan in full, the financial test requirements are no longer applicable.
2018-002
FAC accepted this audit on May 14, 2019 — management decision was due November 14, 2019.
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2017-001
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2017-002
FAC accepted this audit on April 2, 2018 — management decision was due October 2, 2018.
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2016-001
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2016-002
FAC accepted this audit on April 3, 2017 — management decision was due October 3, 2017.
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2015-001
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2015-002
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2015-003
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