Airport FY16 PFC Audit Report

Schedule of Receipts and Expenditures of Passenger Facility Charges June 30, 2016 Dubuque Regional Airport A Division of the City of Dubuque, Iowa www.eidebailly.com 1545 Associates Dr., Ste. 101 | Dubuque, IA 52002-2299 | T 563.556.1790 | F 563.557.7842 | EOE Dubuque Regional Airport A Division of the City of Dubuque, Iowa Table of Contents June 30, 2016 Independent Auditor’s Report on Compliance on the Passenger Facility Charge Program, Report on Internal Control over Compliance; and Report on the Schedule of Receipts and Expenditures of Passenger Facility Charges........................................................................................................................................ 1 Schedule of Receipts and Expenditures of Passenger Facility Charges ……............................. 3 www.eidebailly.com 1545 Associates Dr., Ste. 101 | Dubuque, IA 52002-2299 | T 563.556.1790 | F 563.557.7842 | EOE Independent Auditor’s Report on Compliance on the Passenger Facility Charge Program, Report on Internal Control over Compliance; and Report on the Schedule of Receipts and Expenditures of Passenger Facility Charges To the Honorable Mayor and Members of the City Council City of Dubuque, Iowa Report on Compliance on the Passenger Facility Charge Program We have audited the compliance of Dubuque Regional Airport, a division of the City of Dubuque, Iowa, with the compliance requirements described in the Passenger Facility Charge Audit Guide for Public Agencies, issued by the Federal Aviation Administration (Guide) that could have a direct and material effect on its passenger facility charge program for the year ended June 30, 2016. Management’s Responsibility Management is responsible for compliance with the requirements of laws and regulations applicable to its passenger facility charge program. Our responsibility is to express an opinion on the compliance for the passenger facility charge program based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the Guide. Those standards and the Guide require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on the passenger facility charge program occurred. An audit includes examining, on a test basis, evidence about the Dubuque Regional Airport’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance. However, our audit does not provide a legal determination on the Dubuque Regional Airport’s compliance with those requirements. Opinion on the Passenger Facility Charge Program In our opinion, the Dubuque Regional Airport complied, in all material respects, with the requirements referred to above that could have a direct and material effect on its passenger facility charge program for the year ended June 30, 2016. Report on Internal Control over Compliance Management of the Dubuque Regional Airport is responsible for establishing and maintaining effective internal control over compliance with the requirements of laws and regulations applicable to the passenger facility charge program. In planning and performing our audit, we considered the Dubuque Regional Airport’s internal control over compliance with the requirements that could have a direct and material effect on the passenger facility charge program to determine the auditing procedures for the purpose of expressing our opinion on compliance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the Dubuque Regional Airport’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of the passenger facility charge program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of the passenger facility charge program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of the passenger facility charge program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Guide. Accordingly, this report is not suitable for any other purpose. Schedule of Receipts and Expenditures of Passenger Facility Charges We have audited the financial statements of the City of Dubuque, Iowa, as of and for the year ended June 30, 2016, and have issued our report thereon dated December 21, 2016, which contained an unmodified opinion on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s financial statements as a whole. The accompanying Schedule of Receipts and Expenditures of Passenger Facility Charges is presented for purposes of additional analysis as specified in the Guide and is not a required part of the financial statements. The Schedule of Receipts and Expenditures of Passenger Facility Charges is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audits of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole. Eide Bailly, LLP Dubuque, Iowa December 21, 2016 Dubuque Regional Airport A Division of the City of Dubuque, Iowa Schedule of Receipts and Expenditures of Passenger Facility Charges For the Year Ended June 30, 2016 Receipts Passenger facility charges $ 151,207 Interest income 2,606 Total receipts $ 153,813 Expenditures PFC #8 Runway safety area $ 208,305 PFC #11 Construction terminal 11,770 Total expenditures $ 220,075 www.eidebailly.com 1545 Associates Dr., Ste. 101 | Dubuque, IA 52002-2299 | T 563.556.1790 | F 563.557.7842 | EOE


Airport FY16 PFC Audit Report

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