Yeo & Yeo’s Government Services Group would like to make you aware of recent changes in the Act 51 Distribution and Reporting System (ADARS).
Investment Reporting Tool Must be Completed First
Effective for the March 31, 2016, year-end entities and later that complete an ADARS Act 51 Report, the Michigan Department of Transportation (MDOT) Transportation Asset Management Council’s Investment Reporting Tool (IRT) must be completed before any entity submits its ADARS Act 51 Report. Failure to complete the IRT will result in rejection of the ADARS Act 51 Report due to noncompliance, and future disbursement of Michigan Transportation Funds will be withheld if the ADARS Report is not resubmitted within a designated time frame.
Performance Audits Required by MDOT
Beginning with the September 30, 2016 year-ends, any entity that submits an Act 51 Report will be required to have a performance audit performed. Please visit the links below for additional information provided by MDOT.
Performance Auditing Under Public Act 298 of 2012
PA 298 of 2012 Frequently Asked Questions
If you have questions about how these requirements will impact your entity, reach out to your Yeo & Yeo professional.