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SD 2537

Martha's Vineyard Regional Transit Authority Fiscal Year 2024 Auditors’ Report

194th Legislature (2025-2026)

The bill places the MVRTA FY2024 auditor’s report on file, confirming compliance with major federal programs and internal controls.

Placed on file
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Bill Summary · SD 2537

SD 2537 – Martha’s Vineyard Regional Transit Authority Fiscal Year 2024 Auditors’ Report

Overview

  • Bill Number: SD 2537
  • Title: Martha’s Vineyard Regional Transit Authority Fiscal Year 2024 Auditors’ Report
  • Status: Placed on file
  • Introduced: January 30, 2025
  • Classification: Proposed bill
  • Purpose in brief: Formal action to place the Martha’s Vineyard Regional Transit Authority’s (MVRTA) FY 2024 auditors’ report on file, providing official reporting documentation on the Authority’s compliance with federal grant requirements and internal controls.

What the bill would do

  • The bill serves as a legislative filing for the MVRTA’s Year Ended June 30, 2024 Auditors’ Report, including its:
    • Independent Auditors’ Report on Compliance for Each Major Federal Program and on Internal Control over Compliance (Required by the Uniform Guidance).
    • Schedule of Expenditures of Federal Awards.
    • Independent Auditors’ Reports on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements (Government Auditing Standards).
    • Summary Schedule of Prior Audit Findings and Schedule of Findings and Questioned Costs.
  • By placing this report on file, the Legislature acknowledges and records the audit results for public transparency and compliance verification.

Key provisions and content of the auditors’ report (as provided)

  • Major federal programs: The auditors’ report assesses compliance with the types of requirements described in the OMB Compliance Supplement that could directly affect each major federal program for the year ended June 30, 2024. The MVRTA’s major programs are identified in the accompanying summary of auditors’ results.
  • Opinion on compliance: The auditors state, in their opinion, that the MVRTA complied, in all material respects, with applicable federal program compliance requirements for the year ended June 30, 2024.
  • Basis for opinion: The audit was conducted in accordance with generally accepted auditing standards, Government Auditing Standards, and the Uniform Guidance (2 CFR Part 200). The report details auditor independence, responsibilities, and the nature of evidence obtained.
  • Internal control over compliance: The report explains the criteria for what constitutes a deficiency, significant deficiency, or material weakness in internal control over compliance. It states that the auditors did not identify any deficiencies in internal control over compliance that they consider to be material weaknesses. It cautions that material weaknesses or significant deficiencies could exist that were not identified.
  • Limitations: The report notes that its judgment on internal control over compliance is limited and not intended to express an opinion on the overall effectiveness of internal control over compliance.

Who would be affected

  • Martha’s Vineyard Regional Transit Authority (MVRTA) and its federal grant administrators receive formal documentation of audit outcomes.
  • Massachusetts Department of Transportation and the MVRTA Advisory Board reference the report for accountability, grant compliance, and financial integrity.
  • Public readers and stakeholders gain transparency into MVRTA’s use of federal funds and internal control environment.

Procedural and timeline aspects

  • This is a filing/placement action rather than a policy or funding change.
  • The bill was introduced and subsequently placed on file on January 30, 2025.
  • The report covers the fiscal year ended June 30, 2024.

Notes

  • The provided text includes a portion of the auditor’s report, including the opinion on compliance and discussions of internal control, but ends with “” in one section. The bill’s accompanying documents would include the full Schedule of Expenditures of Federal Awards, prior audit findings, and the complete findings and questioned costs, as applicable.

Compiled from official sources — confirm details with the bill’s official record.

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