At its March 17, 2011 meeting, the Ann Arbor Transportation Authority board voted to accept the auditor’s report for fiscal year 2010, which ended Sept. 30, 2010. The audit was performed by Rehmann Robson, which delivered a “clean opinion” on the AATA’s books.
Among the suggestions made by the auditor were: (1) to have the board sign off on a list of vendors/contracts greater than $25,000 – indicating that the AATA’s conflict of interest policy has been met – before the contract is executed; (2) that only the accounts payable accountant, or the controller – but not the payroll accountant – be able to distribute management and hourly paychecks; and (3) when a journal entry is made, it should be documented and reviewed by someone other than the person who prepared the journal entry.
The auditor also identified a need to make sure that Davis-Bacon Act compliance on construction contracts was systematically verified by AATA, even when that responsibility is delegated to a third party.
This brief was filed from the Ann Arbor District Library boardroom, where the AATA board holds its monthly meetings. A more detailed report will follow: [link]