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CY 2023 Single Audit Acceptance
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DESCRIPTION: Request Acceptance of the 2023 Single Audit conducted by Carr Riggs & Ingram |
AGENDA NO: Click or tap here to enter text. |
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ACTION REQUEST: ☒ Approval ☐ Review Comment ☐ Information Only ☐ Other |
RECOMMENDATION:
recommendation
Acceptance of the 2023 Single Audit.
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ISSUE/BACKGROUND:
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Carr Riggs & Ingram has conducted and completed the financial statement audit for the year ending December 31, 2023, in accordance with generally accepted auditing standards in the United States of America and standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. The financial audit aims to ensure that RTA is accountable for public funds, has adequate controls to remain transparent in its economic activities, and remains compliant with state and federal laws, regulations, and award programs.
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DISCUSSION:
Acceptance of the 2023 Single Audit is requested from the Board of Commissioners.
Carr Riggs Ingram conducted an in-depth review of internal control systems, financial statements, and supporting documents. Carr Riggs & Ingram reported no findings related to the Federal Awards in the 2023 Single Audit Report. The Regional Transit Authority received an Unmodified Opinion, which is the best opinion that you can receive related to the single audit and financial audit.
FINANCIAL IMPACT:
None.
NEXT STEPS:
None.
ATTACHMENTS:
1. Board Resolution
2. 2023 Single Audit Report
3. Corrective Action Plan
Prepared By: Jessica M. Lang
Title: Business Analyst
Reviewed By: Gizelle Johnson-Banks
Title: Chief Financial Officer
12/6/2024
Lona Edwards Hankins Date
Chief Executive Officer