Budget Amendment ID: FY2024-S3-131

GOV 131

Auditing of Federal Funds

Messrs. DiDomenico and Tarr moved that the proposed new text be amended by inserting after section ____ the following section:-

"SECTION ___. Executive branch departments, state agencies, authorities, quasi-authorities, and constitutional offices directly receiving federal: (1) pandemic relief funds; (2) economic stimulus monies; or (3) emergency loan funds shall allocate and use a portion of said funds to engage a third-party auditor for the purposes of creating a compliance function, auditing the expenditure of all associated funds, and providing the information to the Commonwealth’s Secretary of Administration and Finance.

The Secretary of Administration and Finance shall use the contracted auditor’s information to prepare a final report on expenditures made through December 31, 2024. The Secretary of Administration and Finance shall send the final report to the Governor, the Senate President, the Speaker of the House, the Chair of the House Ways and Means Committee, and the Chair of the Senate Ways and Means Committee within 30 days of completing said report, and make a copy of the report available for public access online. The audits shall be consistent with generally-accepted auditing standards."