Bureau of Finance and Administration - 591-0130-19

Description of Agency

The Michigan Department of Transportation’s (MDOT’s) Bureau of Finance and Administration (BFA) provides the internal support necessary for the operation of the department including accounting services, bond financing, budgeting, cash management, fiscal planning and reporting, property leasing, and all related financial functions. BFA consists of three divisions: Accounting Services Division, Financial Operations Division, and Contract Services Division. In fiscal year 2018, BFA expended $19.1 million on salaries, wages, and administrative expenses. As of June 30, 2019, BFA had 138 employees.

Audit Objectives

  1. To assess the effectiveness of the Accounting Services Division’s efforts to administer accounting services to its customer agencies.

  2. To assess the effectiveness of the Financial Operations Division’s efforts to deliver financial and operational services throughout the department.

  3. To assess the effectiveness of BFA’s access controls over selected IT systems.


Timing

Estimated Release Date: February 2020


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