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Highway Trust Fund

Financial Report for Fiscal Year 2004

Management's Discussion and Analysis

Table of Contents | Management's Discussion and Analysis | Financial Section | Appendices

 

Single Audit Act of 1984

FHWA

In late FY 2004, FHWA developed a new policy and supporting procedures that require Division offices to timely check the Federal Clearinghouse Web site for audit reports, obtain report copies, and take action to resolve any audit recommendations for FHWA programs. This new policy will be implemented in FY 2005.

FTA

FTA notified its regional offices that all grantees with expenditures greater than $500,000 must submit annual audit reports to the Federal Clearinghouse and FTA. FTA also implemented a new computerized tracking system to improve oversight of its grantees.

FMCSA

FMCSA sent personnel to training about the Single Audit requirements and worked with OST to implement its provisions.

NHTSA

NHTSA issued policies and procedures to its regional staffs on monitoring grantees to ensure Single Audit Act requirements are met. Regional staffs must check the Federal Clearinghouse Web site for audit reports, take action to resolve any audit recommendations for NHTSA grantees, and include submission of audit reports as part of periodic grantee management reviews.

 

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