01/15/2010

Key issues of interest to municipal auditors as they impact the annual audit statement process for the Federal Gas Tax Fund.
Key issues of interest to municipal auditors as they impact the annual audit statement process for the Federal Gas Tax Fund.

Municipal Auditor Information

Municipalities are getting used to the online reporting and annual audit statement process. Due to the long term nature of the program – AMO will use this area of the website to highlight key issues that will be of interest to municipal auditors as they impact the annual audit statement process.

Information is updated from time to time - you are encouraged to check back often.

March 31st Deadline

Municipal reporting to AMO through the online Annual Expenditure Reporting Module is to be completed by March 31st each year for the previous municipal fiscal year. AMO issues an acknowledgement, via email, to the municipal gas tax contact when the online reporting is completed and closed. This should occur before a municipal auditor issues an annual audit statement as per section 7.1 h of the Municipal Funding Agreement. Both the online reporting and audit statement must be received before a municipality is put in the queue for payment.

Municipal Treasurer’s Certificate
 
The Amendment to the Federal Gas Tax Agreement has introduced some flexibility in the annual audit statement requirement for municipalities. If there are no eligible costs applied to an eligible project in a municipal fiscal year, the municipality is only required to have the Municipal Treasurer submit the Treasurer’s Certificate no need for an annual audit statement. The Municipal Auditor has no role in either the submission of the online reporting or Municipal Treasurer’s Certificate in that particular fiscal year. Both the online reporting and Municipal Treasurer’s Certificate must be received before a municipality is put in the queue for payment.