Auditor General issues Single Audit Report for the fiscal year ended June 30, 2024
STATE HOUSE – The annual Single Audit of the State of Rhode Island for the fiscal year ended June 30, 2024, resulted in 70 findings related to the administration of federal programs and the state’s key financial operations. Expenditures of federal programs totaled $6.75 billion for fiscal 2024, of which $791 million was COVID-related (compared to $1.4 billion in fiscal 2023). Total federal expenditures in 2024 decreased by $276 million from the prior fiscal year. The net decrease of $604.2 million in pandemic-related expenditures resulted as enhanced Medicaid funding, FEMA Disaster Assistance, and funding assistance for homeowners and renters expired during 2024. Pandemic assistance expenditures are expected to continue to decline through December 31, 2026, the deadline for spending State and Local Fiscal Recovery Funding.
The Single Audit Report, issued by Auditor General David A. Bergantino, was released today by the Joint Committee on Legislative Services. The annual audit is required by both state and federal law as a condition of continued federal assistance.
The Single Audit Report also includes a detailed schedule of federal award expenditures and audit reports outlining internal control deficiencies and noncompliance relating to financial reporting and the administration of federal programs. The report includes the state’s financial statements which were previously communicated in the state’s fiscal 2024 Annual Comprehensive Financial Report.
Federal assistance is received under approximately 500 individual programs. Many programs are jointly financed with federal and state funding. Medicaid continues to be the single largest program with fiscal 2024 expenditures totaling approximately $4.0 billion — the federal government shared $2.5 billion of that cost.
Of the 70 findings included in the report, 42 relate to the administration of federal programs, with the remainder relating to the state’s controls over financial reporting (previously issued in March 2025 with the state’s 2024 audited financial statements). The auditors noted material noncompliance with federal requirements in five of the 18 major federal programs audited in fiscal 2024. Material noncompliance with certain compliance requirements was specifically noted in the Unemployment Insurance program, Child Care Development Fund Cluster, Children’s Health Insurance Program, Medicaid Cluster, and Disaster Grants – Public Assistance program.
Management’s response and planned corrective actions are included within the Single Audit Report. A Summary Schedule of Prior Audit Findings, which reports the status of findings from prior audits, is also included.
The state’s Single Audit Report was submitted to the Federal Single Audit Clearinghouse on April 30, 2025 — this information is then made available to all federal funding agencies. The Single Audit Report and related Audit Summary are available on the Office of the Auditor General’s website:
2024 RI Single Audit — Audit Summary