| Date | Question | Answer |
|---|
11/6/2023
| We noted the audited financial statement are full accrual but PLB does not appear to meet the definition of a proprietary fund. Is there a reason why modified accrual financial statements are not presented? | No specific reason.
|
10/27/2023
| Has there been any turnover in PLB’s key financial reporting personnel over the past three years? | No
|
10/27/2023
| What were the audit fees for the financial statement audit for the year ended June 30, 2023? Did the auditors bill for any work considered to be out-of-scope?
| $23,000. There was no billing for work out-of-scope.
|
10/27/2023
| Does PLB anticipate any major changes in its funding over the next several years that would have a significant impact on the financial statements? | PLB does not anticipate any major changes in revenue or expenditures which would have a significant impact on the financial statements.
|
10/27/2023
| What types of additional federal or state funding (if any) has PLB received in the last three years? | Only source of federal/state funding is MEHTAP Grant from Missouri Department of Transportation. Grant award averages $20K.
|
10/27/2023
| Is PLB planning any major transactions (e.g., debt issuances, mergers, significant new types of operational activities, etc.) over the next few years that would significantly impact the financial statements? | No
|
10/27/2023
| What is management’s preference for the performance of fieldwork (remote, in-person, hybrid)? | Hybrid
|
10/27/2023
| What is management’s preference for the performance of fieldwork (remote, in-person, hybrid)? | Hybrid
|
10/27/2023
| What is management’s preference for the performance of fieldwork (remote, in-person, hybrid)? | Hybrid
|
10/27/2023
| In a typical year, how many auditors are on-site during audit fieldwork, and how many weeks are the auditors in the field for the audit? | Typically 2 auditors on site for one week.
|
10/27/2023
| Please provide the fiscal year 2023 Management Letter, if any | No Management Letter issues.
|
10/27/2023
| Please provide the fiscal year 2023 Auditor Communications and any listings of adjustments, reclassification or passed entries. | There were no adjustments, reclassification or passed entries.
Audit letter and financial statements are on our website.
|
