Laserfiche WebLink
3. The report will contain the financial statement and <br /> schedule(s) of Federal and State assistance, showing the <br /> total expenditures, eligible expenses, revenues, and <br /> operating deficit for each Federal and State assistance <br /> program, and a statement of any overpa�yments/underpalyments <br /> payable to or from the state. <br /> 4. The report will contain the auditor's report on the study <br /> and evaluation of internal control systems. It must <br /> identify the subrecipient significant internal accounting <br /> control s, and those control s desi gned to provide reasonabl e <br /> assurance that Federal and State programs are being managed <br /> in compliance with applicable laws and regulations. It <br /> must also identify the controls that were evaluated, the <br /> control s that were not evaluated and the material <br /> weaknesses identified as a result of the evaluation. <br /> 5. The report will contain the auditor's report on compliance <br /> containing: <br /> a. A statement of positive assurance with respect to <br /> those items tested for compliance, including <br /> compliance with laws and regulations pertaining to <br /> financial reports and claims for advances and <br /> reimbursements; <br /> b. A statement of negative assurance on those items not <br /> tested; <br /> c. A summary of all instances of noncompliance; <br /> d. An identification of total amounts questioned, if any, <br /> for each Federal and State assistance awards as a <br /> resul t of noncompl iance; <br /> e. A statement that the state assistance cl aimed and paid <br /> are recorded and reported to the Department in <br /> accordance with the Department's contract and that <br /> internal controls and procedures were adequate to meet <br /> the objectives of the public transportation program; <br /> 8 � <br />