MANAGEMENT
CONTROLS
The
Department of Transportation (DOT) is dedicated to incorporating performance
and accountability in all programs and operations. DOT is pleased that except for the material weaknesses identified
in this section of the report, the objectives of Section two and four of the Federal Managers Financial
Integrity Act
are met in FY 2002. Strategic planning
and management have been developed to ensure that DOT’s programs and operations
produce their intended results, and that the information is reliable, timely
and accurate. The audit recommendations
received by the Department are essential to its mission of having
organizational excellence and accountable financial management of DOT’s
programs.
Federal Managers Financial Integrity Act (FMFIA)
The
1950 Budget and Accounting Procedures Act (64 Stat. 832) requires Federal
managers to establish and maintain adequate systems of management control, but
because of numerous instances of fraud, waste, abuse, and mismanagement, Congress
passed the Federal Managers Financial Integrity Act (FMFIA) of 1982. This Act requires the Head of each Federal
Agency to conduct an annual evaluation of its management controls (Section 2),
financial management systems (Section 4) and report the results to the
President and Congress. OMB Circulars
A-123 on
Management Accountability and Control, and A-127 on Financial Management Systems, furnish guidance on
complying with Sections 2 and 4, respectively.
At
DOT, each of the Operating Administrations (OAs) submit to OST’s Office of
Financial Management an annual statement of assurance representing the
Administrator’s informed judgment for the overall adequacy of management
controls within their OA, and reporting other details. Each year, the OST Office of Financial
Management updates and issues specific guidance for completing the end-of-year
assurance statement and report on material deficiencies. The OAs report any significant weaknesses of
safeguards (controls) against waste, loss, and misappropriation of funds or
property. The OAs also report
activities that violate statutory authority, result in a conflict of interest
or cause adverse effects on the credibility of the agency, or significantly
impair the fulfillment of the agency’s mission. The Office of Financial Management consolidates the OA reporting
into one overall report for the entire Department.
OMB Circular A-123 contains guidance to Federal managers on improving the accountability and effectiveness of Federal programs and operations by establishing, assessing, correcting, and reporting on management controls. In accordance with OMB’s Circular A-127 of 1993 on Financial Management Systems, DOT is encouraging the OAs to develop, evaluate, and report on financial management systems. The Department makes sure that financial transactions are executed in accordance with authorization records; that the reports are reliable; that the applicable laws, regulations, and policies are observed; and that the resources are efficiently and effectively managed. The OAs are moving forward to automate and consolidate systems in a cost-effective manner based on requirements that meet the minimum needed for field implementation and certification.
The Department's FMFIA
Report to the President and the Congress discussed the lack of adequate
internal management controls over financial processes within TSA. After the report was issued, however, more
information was developed to specifically identify the shortcomings of the
financial management environment within TSA as a material weakness, reportable
under the FMFIA. A material weakness
in the controls over financial management policies and procedures resulting in
inaccurate reporting on the financial statements will be reported in 2003.
On November 19, 2001, the President signed the
Aviation and Transportation Security Act that created TSA. From the first day of its existence, DOT and
TSA were faced with many significant challenges and short statutory
milestones. TSA's books and accounts
were created in the general ledger in Delphi. The Project Accounting and Fixed
Assets modules of Delphi were used to immediately provide TSA with cost
accounting and property management capabilities. However, because TSA’s focus was to move forward as quickly as possible, internal
controls over financial and other processes suffered. Policies establishing an effective internal control environment
still need to be developed where necessary.
Procedures and practices need to be implemented and strengthened to
ensure that internal controls adequately protect against fraud, waste, abuse,
mismanagement, and misappropriation.
FAA
has a material weakness in the administration of close-out and payment of
cost-reimbursable contracts. Serious
deficiencies in the controls over the close-out of cost-reimbursable contracts
resulted in poor oversight and inadequate protection against fraud, waste, and
abuse. FAA is improving the procedures
and processes over which cost-reimbursable contracts are awarded and monitored
to ensure that all incured cost audits are complete for all
As
of the end of FY 2002, DOT had one material nonconformance of financial systems
requirements pending. The material
nonconformance relates to FAA property systems that did not provide the data
necessary for preparation of the DOT Consolidated Financial Statements. FAA’s material nonconformance has been
largely due to the manual and intensive efforts required to generate
depreciation and net book values of FAA assets, and the existing method
resulted in some errors. These
nonintegrated and manual processes increase the risk of misstatements to the
Consolidated Financial Statements.
To
resolve the material nonconformance, FAA installed an Integrated
Financial/Fixed Asset System (IFAS).
IFAS has controls to accurately track property data for financial
purposes and generates depreciation and asset net book values
automatically. The software being used
for both IFAS and Delphi is Oracle, thereby minimizing the impact of conversion
to the new accounting system. The problem
will be officially resolved when IFAS is converted and integrated with Delphi.
DOT
is continuing to work with the Office of Inspector General (OIG) to ensure that
these material deficiencies are effectively corrected and effectively maintain
the integrity of the Department’s financial management information. DOT continues to improve management and financial
accountability of the Department.
The Department’s FY 2001 and
FY 2002 Consolidation Financial Statements received unqualified audit opinions
from the OIG. However, the OIG
determined that the Department was not in full compliance with the Federal
Financial Improvement Act (FFMIA) because:
FFMIA
builds on the foundation laid by the Chief Financial Officers (CFO) Act of 1990
by emphasizing the need for agencies to have financial management systems that
can generate timely, accurate, and useful information with which to make
informed decisions and to ensure accountability on an ongoing basis. Full compliance with FFMIA hinges on the continued
success of implementing Delphi throughout the Department.
As
part of central processing, DAFIS revised and updated the Financial Statements
Module to electronically process information into the Standard General Ledger
and automate the preparation of the Adjusted Trial Balance for each OA within
DOT. The module also contains a
detailed audit trail so that all adjustments can be easily identified and
audited.
In
addition, FAA is continuing its implementation of a broad ranging cost
accounting system and implemented IFAS (see above), further tightening the
integration of DOT’s financial systems.
IFAS computes the depreciation for FAA’s owned assets that meet or
exceed the Department’s capitalization criteria, and provides detailed
depreciation expense data for cost accounting.
Finally,
as the elements of the Department continue to migrate to Delphi, they will have
enhanced cost accounting capabilities based on the best practices of the
sector. Although programs within the
Department that operate in a business type environment already use cost
accounting processes, all Delphi users will have the software infrastructure
necessary to fulfill this objective.
The results of these remedial and progressive actions address the OIG
findings and will bring the Departments into substantial compliance with the
FFMIA, when successfully implemented.
DOT
has five violations of laws or regulations whose effects should be considered
for disclosure in financial statements or as a basis for recording a loss
contingency, with the exception of unresolved audit recommendations.
They
are: noncompliance with FFMIA, Treasury miscellaneous receipts,
intragovernmenal balances, performance measures tied to cost, and inappropriate
combination of programs with goals.
Consolidated Financial
Statements
There are four material weaknesses
affecting the Consolidated Financial Statements. The four material weaknesses include two
anti-deficiency act violations, both of which occurred prior to the current
Administration. The first anti-deficiency act violations is in FTA and
originated 19 years ago but was recently revealed while using the new
accounting system, Delphi. The second
violation was immediately halted when the IG notified DOT’s CFO that some funds
may not be legally available to the Department. Both violations will be reported to OMB and Congress in
accordance with OMB Circular A-11.
Administrative changes have been implemented to avoid any recurrence. The remaining two material weaknesses
include network security, FAA’s deficiencies in controls over cost-reimbursable
contracts, and TSA’s obligation, and
In addition, there are four internal
control weaknesses for financial statements:
grants management system and accounting system interface deficiency,
accounting for FAA property, legal liabilities, information technology system
security.
Limitations of the
Consolidated Financial Statements
The principal
financial statements have been prepared to report DOT’s financial position and
results of operations, pursuant to the requirements of 31 USC 3515(b). The statements have been prepared from DOT’s
records in accordance with the generally accepted accounting principles for
Federal entities and the formats prescribed by the Office of Management and
Budget. They are additional to the
financial reports used to monitor and control DOT’s budgetary resources, which
are prepared from the same books and records.
The statements should be read with the realization that they are a
component of the United States, a sovereign entity. One implication of this is that liabilities cannot be liquidated
without legislation that provides the resources to do so.