SUMM - SINGLE AUDIT -2000

S TATE OF R HODE I SLAND- G ENERAL A SSEMBLY OFFICE of the AUDITOR GENERAL AUDIT SUMMARY ERNEST A. ALMONTE, CPA, CFE AUDITOR GENERAL INTEGRITY ¤ RELIABILITY ¤ INDEPENDENCE ¤ ACCOUNTABILITY EALMONTE@OAG.STATE.RI.US APRIL 2001 Federal Awards SINGLE AUDIT REPORT The State expended federal FISCAL Y EAR ENDED JUNE 30, 2000 assistance totaling over $1.75 billion in the fiscal year ended June 30, 2000. We found certain deficiencies in the This federal assistance is provided to We completed our Single Audit of the State’s accounting and control procedures. the State for approximately 375 State for the fiscal year ended June 30, The State needs to accumulate and record programs each with specific objectives 2000. This audit is required by both State the information required to report its and requirements. Federal assistance and Federal law. The Single Audit Report investment in general fixed assets in the is mostly in the form of cash awards includes the State’s general-purpose financial statements and improve its that are used to fully or partially fund financial statements, a schedule of federal accounting systems to record all its long- federal programs. For example, the program expenditures, and findings and term obligations. Controls over access to federal government funds recommendations pertaining to the several of its key computer systems need to approximately 54% of Medical financial ...