New Audit Announcements
Audit Initiated of FAA’s Oversight of Revenue Use at “Grandfathered” Airports
We are initiating an audit of “grandfathered” airports’ use of revenue for non-airport related purposes. Under preexisting financial arrangements, these grandfathered airports may expend limited amounts of revenue for non-airport purposes, though FAA grant assurances state that revenue generated by airports must be used solely for airports. The audit objective is to assess FAA’s oversight of grandfathered airports’ compliance with Federal law related to airport revenue payments.