HomeMy WebLinkAbout09-30-1980
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l r' STATEMENTS AND AUDITORSI REPORT
CITY OF DENTON, TEXAS
j AIRPORT DEVELOPMENT AID PROGRAM
FAA GRANT NUMBER 5-48-0067-07 s
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f Septembar 30, 1980
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Alexander Grant
& OOMPANY
CERTIFIED PUBLIC ACCOURTANT8 MEMBER FIRM ;
' GRANT THOR NTON IN7EfINATIOM!/,L ,
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The Honorable Mayor rind Members of the City Council
City of Denton, Texas
We have examined the statement of
' City of Denton, Texas, under FAA grant numbero5-48-0067-07ffore
airport development work at Denton Municipal Airport during the
period October 1, 1979 through September 30, 1980. Our d
examination was made in accordance with generally accepted
auditing standards
and with the audit standards prescribed by
r the Comptroller General of the, United States and accordingly
1 inoludad such tests of the accounting reoords and such other
! auditing procedures as we considered necessary in the
circumstances, Also, the Audit G
77- uide for Air ort Develo mast
Aid Pro ram, dated 1978, issue y e pe_eral Av at an
Adm n s ratir,n► Department of Transportation, was used as a
guide in the examination, Such auditing ff'
determine the eligibility of either thesponsoruorsthe d ainot
rport 1
f development work,
In our opinion, the accompanying statement of project
costa, as adjusted, presents fairly the allowable project coats
and the unpaid amount due the grantee in accordance with the
financial provisions of the grant agreement.
Based on the information obtained during our
examination as described above, we did not note any instances
of ineligible expenditures nor indications; that the sponsor
je') has not complied with (1) the financial terms and special
E conditions of thy, grant agreement► and (2) the regulations,
poliriiee► and procedures promulgated by the Federal Aviation
Administration for the Airport Development Aid program,
it should be understood that this examination was
directed to the expression of our opinion on the accompanying
statement of project costa and cannot be relied upon to
disclose all irregularities of a compli
anoe nature.
Dallas, Texas '
December 31, 1980 {
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i 1800 ONE DALLAS GENTf1E DALLAS, TX 16201 (214) 148.0100
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City of Benton, 'Texas
Airport Development Aid Program
FAA Grant Number °48.0067-07
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STATEMENT OF PROJECT COSTS
For the Period October It 1979 through
September 30, 1980
Total Project
Cost Casts Per
Element Total Pro Pct costs as Classified h I
~ aonsor (Note B) ReC.lagsif3caLions Qu'~-e st~an~~ O
Construction $747,502 $ r y~
$
EngineeritIg 64e659
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1 Administration 750
Total $812,911 $ $
Computed federal share before limitation adjustment $650,889
Less limitation adjustment
Total grant payable (maximum $651,200) 6~ r 89
Less Previous grant payments 538, 37
Amount due this payment
12
Amount of sponsor's application for final payment 11
1,692
Difference
$ (560)
Reconciliation
Tatlal 00sts allowable but not claimer? (Note C) $ 700
Yeas 208 non partioiphtirig 140
Difference $ (560)
The Aecgit,panying notas are an integral part of this stateiaent,
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f'~ton~ TexaS
anent Aid Program
r 5-48-0067-07
%pROJRCT COSTS 1
er 11 1979 through
3pr 19$0
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I` Computed Federal
Share Before
i'costs as Classified by Auditor - Limitation Adjustment i
!:.esr r tined Ot pr , nowab~ie _ (50% Participation)_
$700 $796,202
1 04165Y 750 $700 $813,611 $650,889
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City of Denton, TeXA8
i Airport Development Aid Program
! FAA Grant Number 5-48-006707
NOTES TO STATEMENT OF PROJECT COSTS
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September 30, 1990
A - BACKGROUND
This statement presents the grant antivity of Airport
Development Aid Program funds allocated to the City of
Dentanr Texas, by the Federal Aviation Administratiolr (FAA),
jont
United States Department of Tranportater under grant
number 5.49-0067-07 for the period Octobber it 1979 through
September 301 1980. areenitinal oreceivhesetritateme te~r~
Other AOl1Y301 which B - SUMMARY OF ACCOUNTING POLICIUS
r conform to generally
The accounting pol,ioies of the city i
accepted accounting Nrinoiplea applioable to governmental
units The accrual basis Of aOCSOUnting is used by the inirect ost Of the
Airport DevelopmenteAAi~oPtheYAirport~DevelopmentoAid..sPrograms
j city were not charg
c - ANALYSIS OF OTNE;R COSTS
n ITEM MOVE
Construationr
Costs which were properly supported ;
and allowable but were omitted from 700
r1 the final request for paymE~nt
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