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State DOT Financial Auditing Requirements for Public Transportation Assistance Programs (2012) / Chapter Skim
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Pages 13-14

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From page 13...
... the oRegon Dot The Governor of Oregon has designated the Oregon DOT as the agency responsible for administering state and FTA public transportation programs. Within the Oregon DOT, the Public Transit Division (PTD)
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From page 14...
... An audit is not required, however, if one is conducted, the subrecipient will submit a copy to PTD. Private for profit organizations who are subrecipients shall be subject to the audit requirements of the Public Transit Division.5 Procedures for obtaining and Reviewing subrecipient Financial Audits Audit reports filed by municipal corporations must be submitted within 180 days following the end of the fiscal year.
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Key Terms

  • financial statements
  • public transportation
  • public transit
  • transit division
  • state funding

  • financial audits
  • financial audit
  • public accountant
  • receiving federal
  • omb circular

  • minimum standards
  • annual audit
  • corrective action
  • reviewing subrecipient
  • state require

  • transportation program
  • ternal audit


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