Approval of this action will finalize the annual audit of the MPO and allow staff to submit the audit report to the State of Florida Auditor General, the Federal Highway Administration, Federal Transit Administration and the Florida Department of Transportation.

Federal and State guidelines require that any MPO expending $1,000,000 or more of Federal financial assistance and/or $750,000 or more of State financial assistance in a fiscal year (FY) to have a single audit conducted by an independent certified public accountant for that year. This requirement is in accordance with the Federal Office of Management and Budget, Title 2 Code of Federal Regulations Chapter II, Part 200.501(a). Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards; Final Rule, Section 215.97, Florida Statutes (Florida Single Audit Act), and Rules 10.550 and 10.650, Rules of the Auditor General of the State of Florida.

Audit services are provided through an agreement between the MPO and HCT Certified Public Accountants & Consultants, LLC. This agreement was approved by the MPO Board on July 13, 2023. The current audit period covers the MPO’s FY 2025 from July 1, 2024, through June 30, 2025.

The audit report for FY 2025 by HCT Certified Public Accountants & Consultants, LLC is provided for review on the MPO website at browardmpo.org/core-products/unified-planning-work-program-upwp-budget (scroll towards the bottom of the page). When reviewing the audit report, the following definitions are provided for reference:

• A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a Federal program on a timely basis.
• A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a Federal program will not be prevented, or detected and corrected, on a timely basis.
• A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a Federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

The auditors have issued an unmodified opinion on the financial statements and unmodified reports on internal controls and compliance, with no findings identified. This is the best form of report available and indicates that there were no instances of noncompliance or internal control deficiencies identified.

At the upcoming meeting, MPO and auditor staff will provide a brief presentation and be available for questions or comments. For the PowerPoint presentation, please see the Attachment.

MPO staff recommends acceptance of the FY 2025 audit report.

If you have any questions about this item, please contact Adrian Liburd at (954) 876-0080 or liburda@browardmpo.org.