Sidney-Richland Regional Airport Authority

2020-007 Airport Improvement Program Federal Financial Report CFDA Title: Airport Improvement Program CFDA Number: 20.106 Federal Award Number: 3-30-0070-029-2021 Federal Agency: U.S. Department of Transportation Pass-through Entity: Condition: The federal financial report filed for the Airport Improvement Program 3-30-0070-029- 2021 COVID monies did not include the cash disbursements during the period of the report. Context: We obtained the Federal Financial Report (SF -425) for the projects during the audit report and tested a sample to the accounting records. Criteria: Internal control procedures should be in place to ensure accurate and complete reporting by obtaining support from the accounting system to support the amounts reported. Effect: The cash disbursements during the period from April 1, 2021 through September 30, 2021 were not included on the federal financial report for 3-30-0070-029-2021 COVID. Per the reimbursement request number one, disbursements were from February 1, 021 through November 21,2021 which includes the period of the federal financial report. Cause: An error was made in completing the report. Recommendation: The Authority should implement internal controls to ensure completeness and accuracy of the federal financial reports filed.

FINDING 2020/2021-007: Airport Improvement Program Federal Financial Report Response: As of 7/1/2022 QuickBooks has been set up to record the financial activity for AIP projects separately and a financial report will be able to be generated.