State DOT Financial Auditing Requirements for Public Transportation Assistance Programs (2012) / Chapter Skim
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State DOTs indicated that they review these reports to measure the output associated with the funds provided. The public transportation units of state DOTs usually do not have the expertise or internal staff resources to conduct financial audits of each subrecipient of state public transportation assistance; consequently, the state DOTs' internal audit units often are relied on to conduct the audits.
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Wyoming DOT Figure 1 FTA program funds administered by responding state DOTs.
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indicated their state DOTs provided none or very little state funding, while 27 of 40 respondents (nearly 70 percent) indicated that their agencies provided more than $1 million for public transportation programs in FY 2009.
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In that state, more than 95 percent of the subrecipients had submitted annual independent financial audits. Twenty-three state DOTs (50 percent of all respondents)
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Most of the state DOTs indicated that they paid for all or a portion of the cost of subrecipients' financial audits (Figure 7)
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Figure 7 State DOTs reporting that they provide payment for subrecipients' financial audits.
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Figure 9 State DOTs reporting consequences for late submission of subrecipients' financial audits.
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