Audit Scope, Objectives, and Methodology We have conducted a fiscal compliance audit of the Maryland Transportation Authority (MDTA) for the period beginning March 5, 2020 and ending May 31, 2025. Due to the collapse of the Francis Scott Key Bridge on March 26, 2024, we delayed the start of our audit from its planned due date in March 2024 to April 2025. The audit was conducted in accordance with generally accepted government auditing standards. Those standards require that we plan and perform the audit to obtain sufficient, appropriate evidence to provide a reasonable basis for our findings and conclusions based on our audit objectives. We believe that the evidence obtained provides a reasonable basis for our findings and conclusions based on our audit objectives. As prescribed by the State Government Article, Section 2-1221 of the Annotated Code of Maryland, the objectives of this audit were to examine MDTA’s financial transactions, records, and internal control, and to evaluate its compliance with applicable State laws, rules, and regulations. In planning and conducting our audit, we focused on the major financial-related areas of operations based on assessments of significance and risk. The areas addressed by the audit included procurements and disbursements for capital projects and operating expenditures, equipment, corporate purchasing card, electronic tolling activities, certain cash receipts and payroll activities, and information systems security and control. We also determined the status of the findings contained in our preceding audit report. Our audit did not include certain payroll support services (such as processing of personnel transactions and maintenance of employee leave records) provided by the Maryland Department of Transportation (MDOT) – The Secretary’s Office to MDTA. These payroll support services are included within the scope of our audit of MDOT. In addition, our audit did not include an evaluation of internal controls over compliance with federal laws and regulations for federal financial assistance programs and an assessment of MDTA’s compliance with those laws and regulations because MDTA engages an independent accounting firm to annually audit such programs. MDTA engages an independent accounting firm to audit its annual financial statements. In the related audit reports for the fiscal years ended June 30, 2021, 2022, 2023, 2024 and 2025 the firm stated that MDTA’s financial statements presented fairly, in all material respects, the respective financial position of the business-type activities of the MDTA as of June 30, 2021, 2022, 2023, 2024 and 2025 and the respective changes in financial position and cash flows thereof for
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