Audit 10872

Finding 2022-001 – Timely and Accurate Books and Records Maintenance Finding Type: Material Weakness Criteria: Government Auditing Standards require that the financial statements be prepared in accordance with generally accepted accounting principles of the United States of America (“US GAAP”). These principles require that financial statements be prepared on the accrual basis of accounting which is US GAAP compliant because revenues and expenses are recorded and recognized in the period in which they occur. Condition and Context: We noted the Organization was unable to provide timely and accurate financial statements for the period under audit and did not perform effective and ongoing reviews of its financial records to ensure they were in accordance with US GAAP. This resulted in the need to record adjusting journal entries. Cause: The Organization did not perform accurate reviews of such accounts at year end and did not perform a review of the financial statements to ensure they were in accordance with US GAAP. Effect and Potential Effect: This precludes the Organization from preparing financial statements in accordance with US GAAP and disclosure in compliance with professional standards. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization hire an accounting manager-level employee with substantial knowledge of US GAAP and federal grant accounting, including required disclosures, to enable internal preparation of financial statements in accordance with the prescribed standards.

Finding 2022-001 – Timely and Accurate Books and Records Maintenance Finding Type: Material Weakness Criteria: Government Auditing Standards require that the financial statements be prepared in accordance with generally accepted accounting principles of the United States of America (“US GAAP”). These principles require that financial statements be prepared on the accrual basis of accounting which is US GAAP compliant because revenues and expenses are recorded and recognized in the period in which they occur. Condition and Context: We noted the Organization was unable to provide timely and accurate financial statements for the period under audit and did not perform effective and ongoing reviews of its financial records to ensure they were in accordance with US GAAP. This resulted in the need to record adjusting journal entries. Cause: The Organization did not perform accurate reviews of such accounts at year end and did not perform a review of the financial statements to ensure they were in accordance with US GAAP. Effect and Potential Effect: This precludes the Organization from preparing financial statements in accordance with US GAAP and disclosure in compliance with professional standards. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization hire an accounting manager-level employee with substantial knowledge of US GAAP and federal grant accounting, including required disclosures, to enable internal preparation of financial statements in accordance with the prescribed standards.

Finding 2022-001 – Timely and Accurate Books and Records Maintenance Finding Type: Material Weakness Criteria: Government Auditing Standards require that the financial statements be prepared in accordance with generally accepted accounting principles of the United States of America (“US GAAP”). These principles require that financial statements be prepared on the accrual basis of accounting which is US GAAP compliant because revenues and expenses are recorded and recognized in the period in which they occur. Condition and Context: We noted the Organization was unable to provide timely and accurate financial statements for the period under audit and did not perform effective and ongoing reviews of its financial records to ensure they were in accordance with US GAAP. This resulted in the need to record adjusting journal entries. Cause: The Organization did not perform accurate reviews of such accounts at year end and did not perform a review of the financial statements to ensure they were in accordance with US GAAP. Effect and Potential Effect: This precludes the Organization from preparing financial statements in accordance with US GAAP and disclosure in compliance with professional standards. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization hire an accounting manager-level employee with substantial knowledge of US GAAP and federal grant accounting, including required disclosures, to enable internal preparation of financial statements in accordance with the prescribed standards.

Finding 2022-002 – Timely Submission of Federal Audit Clearinghouse Data Collection Form Finding Type: Other Matter Criteria: Uniform Guidance requires that a single audit must be submitted by the Organization to the Federal Audit Clearinghouse the earlier of 30 days after receiving the single report or nine months after the end of the Organization’s fiscal year. Condition: The Organization did not submit its single audit report within the timeframe required by Uniform Guidance. Cause: The Organization was not able to complete the single audit and related submission due to delays in the audit process. Effect and Potential Effect: The failure to submit single audits within the time frame prescribed by Uniform Guidance causes the Organization to be considered a high-risk auditee. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization develop internal controls and procedures to identify relevant Uniform Guidance due dates and to ensure records are kept in a manner to facilitate timely single audit submissions.

Finding 2022-002 – Timely Submission of Federal Audit Clearinghouse Data Collection Form Finding Type: Other Matter Criteria: Uniform Guidance requires that a single audit must be submitted by the Organization to the Federal Audit Clearinghouse the earlier of 30 days after receiving the single report or nine months after the end of the Organization’s fiscal year. Condition: The Organization did not submit its single audit report within the timeframe required by Uniform Guidance. Cause: The Organization was not able to complete the single audit and related submission due to delays in the audit process. Effect and Potential Effect: The failure to submit single audits within the time frame prescribed by Uniform Guidance causes the Organization to be considered a high-risk auditee. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization develop internal controls and procedures to identify relevant Uniform Guidance due dates and to ensure records are kept in a manner to facilitate timely single audit submissions.

Finding 2022-002 – Timely Submission of Federal Audit Clearinghouse Data Collection Form Finding Type: Other Matter Criteria: Uniform Guidance requires that a single audit must be submitted by the Organization to the Federal Audit Clearinghouse the earlier of 30 days after receiving the single report or nine months after the end of the Organization’s fiscal year. Condition: The Organization did not submit its single audit report within the timeframe required by Uniform Guidance. Cause: The Organization was not able to complete the single audit and related submission due to delays in the audit process. Effect and Potential Effect: The failure to submit single audits within the time frame prescribed by Uniform Guidance causes the Organization to be considered a high-risk auditee. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization develop internal controls and procedures to identify relevant Uniform Guidance due dates and to ensure records are kept in a manner to facilitate timely single audit submissions.

Finding 2022-001 – Timely and Accurate Books and Records Maintenance Finding Type: Material Weakness Criteria: Government Auditing Standards require that the financial statements be prepared in accordance with generally accepted accounting principles of the United States of America (“US GAAP”). These principles require that financial statements be prepared on the accrual basis of accounting which is US GAAP compliant because revenues and expenses are recorded and recognized in the period in which they occur. Condition and Context: We noted the Organization was unable to provide timely and accurate financial statements for the period under audit and did not perform effective and ongoing reviews of its financial records to ensure they were in accordance with US GAAP. This resulted in the need to record adjusting journal entries. Cause: The Organization did not perform accurate reviews of such accounts at year end and did not perform a review of the financial statements to ensure they were in accordance with US GAAP. Effect and Potential Effect: This precludes the Organization from preparing financial statements in accordance with US GAAP and disclosure in compliance with professional standards. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization hire an accounting manager-level employee with substantial knowledge of US GAAP and federal grant accounting, including required disclosures, to enable internal preparation of financial statements in accordance with the prescribed standards.

Finding 2022-001 – Timely and Accurate Books and Records Maintenance Finding Type: Material Weakness Criteria: Government Auditing Standards require that the financial statements be prepared in accordance with generally accepted accounting principles of the United States of America (“US GAAP”). These principles require that financial statements be prepared on the accrual basis of accounting which is US GAAP compliant because revenues and expenses are recorded and recognized in the period in which they occur. Condition and Context: We noted the Organization was unable to provide timely and accurate financial statements for the period under audit and did not perform effective and ongoing reviews of its financial records to ensure they were in accordance with US GAAP. This resulted in the need to record adjusting journal entries. Cause: The Organization did not perform accurate reviews of such accounts at year end and did not perform a review of the financial statements to ensure they were in accordance with US GAAP. Effect and Potential Effect: This precludes the Organization from preparing financial statements in accordance with US GAAP and disclosure in compliance with professional standards. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization hire an accounting manager-level employee with substantial knowledge of US GAAP and federal grant accounting, including required disclosures, to enable internal preparation of financial statements in accordance with the prescribed standards.

Finding 2022-001 – Timely and Accurate Books and Records Maintenance Finding Type: Material Weakness Criteria: Government Auditing Standards require that the financial statements be prepared in accordance with generally accepted accounting principles of the United States of America (“US GAAP”). These principles require that financial statements be prepared on the accrual basis of accounting which is US GAAP compliant because revenues and expenses are recorded and recognized in the period in which they occur. Condition and Context: We noted the Organization was unable to provide timely and accurate financial statements for the period under audit and did not perform effective and ongoing reviews of its financial records to ensure they were in accordance with US GAAP. This resulted in the need to record adjusting journal entries. Cause: The Organization did not perform accurate reviews of such accounts at year end and did not perform a review of the financial statements to ensure they were in accordance with US GAAP. Effect and Potential Effect: This precludes the Organization from preparing financial statements in accordance with US GAAP and disclosure in compliance with professional standards. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization hire an accounting manager-level employee with substantial knowledge of US GAAP and federal grant accounting, including required disclosures, to enable internal preparation of financial statements in accordance with the prescribed standards.

Finding 2022-002 – Timely Submission of Federal Audit Clearinghouse Data Collection Form Finding Type: Other Matter Criteria: Uniform Guidance requires that a single audit must be submitted by the Organization to the Federal Audit Clearinghouse the earlier of 30 days after receiving the single report or nine months after the end of the Organization’s fiscal year. Condition: The Organization did not submit its single audit report within the timeframe required by Uniform Guidance. Cause: The Organization was not able to complete the single audit and related submission due to delays in the audit process. Effect and Potential Effect: The failure to submit single audits within the time frame prescribed by Uniform Guidance causes the Organization to be considered a high-risk auditee. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization develop internal controls and procedures to identify relevant Uniform Guidance due dates and to ensure records are kept in a manner to facilitate timely single audit submissions.

Finding 2022-002 – Timely Submission of Federal Audit Clearinghouse Data Collection Form Finding Type: Other Matter Criteria: Uniform Guidance requires that a single audit must be submitted by the Organization to the Federal Audit Clearinghouse the earlier of 30 days after receiving the single report or nine months after the end of the Organization’s fiscal year. Condition: The Organization did not submit its single audit report within the timeframe required by Uniform Guidance. Cause: The Organization was not able to complete the single audit and related submission due to delays in the audit process. Effect and Potential Effect: The failure to submit single audits within the time frame prescribed by Uniform Guidance causes the Organization to be considered a high-risk auditee. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization develop internal controls and procedures to identify relevant Uniform Guidance due dates and to ensure records are kept in a manner to facilitate timely single audit submissions.

Finding 2022-002 – Timely Submission of Federal Audit Clearinghouse Data Collection Form Finding Type: Other Matter Criteria: Uniform Guidance requires that a single audit must be submitted by the Organization to the Federal Audit Clearinghouse the earlier of 30 days after receiving the single report or nine months after the end of the Organization’s fiscal year. Condition: The Organization did not submit its single audit report within the timeframe required by Uniform Guidance. Cause: The Organization was not able to complete the single audit and related submission due to delays in the audit process. Effect and Potential Effect: The failure to submit single audits within the time frame prescribed by Uniform Guidance causes the Organization to be considered a high-risk auditee. Questioned Costs: None Repeat Finding: Yes Recommendation: We recommend the Organization develop internal controls and procedures to identify relevant Uniform Guidance due dates and to ensure records are kept in a manner to facilitate timely single audit submissions.