EIN: 736005167
UEI: PLZKN6CKDZY4
Audited by: CBEW PROFESSIONAL GROUP, LLP
Oversight agency: 21 [Department of the Treasury]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 24, 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 April 24, 2025 (495 days ago).
What is a management decision? →The City has not adjusted its hangar licensing rates to market over the years. Cause: The City had contracts with hangar license holders that were perpetual in nature which were not adjusted to reasonable market rates. The contracts were intended to provide a service for the community and keep the hangars available for the hangar license holders. Effect or Potential Effect: Without adjusting licensing rates to the reasonable market rate, the City could lose the FAA grant funding that is important to keep the airport up to standards which are set by the FAA. Recommendation: We recommend that City should consider updating the license holder contracts to reasonable market rates in order to come into compliance with the FAA. Responsible Official’s Response: The City concurs with the recommendation and has already started the process to address the hangar licensing contracts.
Show full finding ▾Hide full finding ▴1. Internal Control & Compliance – Hangar Licensing (Leasing) System Criteria: The Federal Aviation Administration (FAA) has compliance requirements any airports receiving FAA monies that address hangar licensing (leasing). The FAA has an expectation that the hangar licensing rates should be within reason of market rates for the area. Condition: The City has not adjusted its hangar licensing rates to market over the years. Cause: The City had contracts with hangar license holders that were perpetual in nature which were not adjusted to reasonable market rates. The contracts were intended to provide a service for the community and keep the hangars available for the hangar license holders. Effect or Potential Effect: Without adjusting licensing rates to the reasonable market rate, the City could lose the FAA grant funding that is important to keep the airport up to standards which are set by the FAA. Recommendation: We recommend that City should consider updating the license holder contracts to reasonable market rates in order to come into compliance with the FAA. Responsible Official’s Response: The City concurs with the recommendation and has already started the process to address the hangar licensing contracts.
To Whom it May Concern: The City Administration notes that it agrees with the auditors’ recommendation. Current Administration recognizes there is a need to update license holder contracts to standard leases and reasonable market rates. The City Administration reports that steps are being taken to adjust licensing/rental rates in order to come into compliance with the FAA. The City Administration further explains that it recognizes the need for strong internal controls over the receipt and billing of all revenue streams. The Finance Division has sought out internal controls training scheduled for December 2024. Once referenced licensee/rental rates are updated, the Finance Division looks to request updating the payment/collections processes for airport licensee/tenant payments. The City Administration believes there are currently positive strides being taken in resolution of the identified audit finding. The Administration states the above corrective actions are anticipated to be completed and implemented by Fiscal Year end June 30, 2025
FAC accepted this audit on April 12, 2022 — management decision was due October 12, 2022.
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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