FAC Explorer

Audit 358877

FY End
2024-06-30
Total Expended
$1.93M
Findings
18
Programs
5
Organization: Aero Special Education Cooperative (IL)
Year: 2024 Accepted: 2025-06-16
Auditor: Rsm US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
565003 2024-001 Significant Deficiency - L
565004 2024-001 Significant Deficiency - L
565005 2024-001 Significant Deficiency - L
565006 2024-001 Significant Deficiency - L
565007 2024-001 Significant Deficiency - L
565008 2024-001 Significant Deficiency - L
565009 2024-001 Significant Deficiency - L
565010 2024-001 Significant Deficiency - L
565011 2024-001 Significant Deficiency - L
1141445 2024-001 Significant Deficiency - L
1141446 2024-001 Significant Deficiency - L
1141447 2024-001 Significant Deficiency - L
1141448 2024-001 Significant Deficiency - L
1141449 2024-001 Significant Deficiency - L
1141450 2024-001 Significant Deficiency - L
1141451 2024-001 Significant Deficiency - L
1141452 2024-001 Significant Deficiency - L
1141453 2024-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $1.31M Yes 1
93.778 Medical Assistance Program $264,816 - 1
10.555 National School Lunch Program $12,275 - 1
10.553 School Breakfast Program $11,712 - 1
10.556 Special Milk Program for Children $1,393 - 1

Contacts

Name Title Type
NCQ3JPNHMYM6 Bill Roseland Auditee
7084963330 John George Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting which is the same basis used in preparing the financial statements of the Cooperative. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No funds were identified as having been provided to subrecipients by the Cooperative under the meaning of the Uniform Guidance, and accordingly, no funds identified in the Schedule are attributable to subrecipient entities as required under the Uniform Guidance. There were no federal awards expended for insurance or any loans or loan guarantees outstanding at June 30, 2024. For the year ended June 30, 2024, the Cooperative did receive $12,275 of noncash assistance in the form of food commodities that is included in the Schedule under the Department of Agriculture, ALN 10.555. De Minimis Rate Used: N Rate Explanation: The Cooperative's program costs far exceed the amount awarded, therefore there is no benefit to tracking indirect costs. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of AERO Special Education Cooperative (the Cooperative) under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Cooperative, it is not intended to and does not present the financial position, changes in net position of the Cooperative, or cash flows of the Cooperative.
Title: Indirect Cost Rate Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting which is the same basis used in preparing the financial statements of the Cooperative. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No funds were identified as having been provided to subrecipients by the Cooperative under the meaning of the Uniform Guidance, and accordingly, no funds identified in the Schedule are attributable to subrecipient entities as required under the Uniform Guidance. There were no federal awards expended for insurance or any loans or loan guarantees outstanding at June 30, 2024. For the year ended June 30, 2024, the Cooperative did receive $12,275 of noncash assistance in the form of food commodities that is included in the Schedule under the Department of Agriculture, ALN 10.555. De Minimis Rate Used: N Rate Explanation: The Cooperative's program costs far exceed the amount awarded, therefore there is no benefit to tracking indirect costs. The Cooperative has elected not to use the 10% de minimis indirect cost rate, where applicable, as allowed under Uniform Guidance.
Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting which is the same basis used in preparing the financial statements of the Cooperative. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No funds were identified as having been provided to subrecipients by the Cooperative under the meaning of the Uniform Guidance, and accordingly, no funds identified in the Schedule are attributable to subrecipient entities as required under the Uniform Guidance. There were no federal awards expended for insurance or any loans or loan guarantees outstanding at June 30, 2024. For the year ended June 30, 2024, the Cooperative did receive $12,275 of noncash assistance in the form of food commodities that is included in the Schedule under the Department of Agriculture, ALN 10.555. De Minimis Rate Used: N Rate Explanation: The Cooperative's program costs far exceed the amount awarded, therefore there is no benefit to tracking indirect costs. Expenditures reported on the Schedule are reported on the modified cash basis of accounting which is the same basis used in preparing the financial statements of the Cooperative. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No funds were identified as having been provided to subrecipients by the Cooperative under the meaning of the Uniform Guidance, and accordingly, no funds identified in the Schedule are attributable to subrecipient entities as required under the Uniform Guidance. There were no federal awards expended for insurance or any loans or loan guarantees outstanding at June 30, 2024. For the year ended June 30, 2024, the Cooperative did receive $12,275 of noncash assistance in the form of food commodities that is included in the Schedule under the Department of Agriculture, ALN 10.555.

Finding Details

Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.
Finding 2024-001
Finding 2024-001: Untimely Submission of the 2024 Single Audit Reporting Package Repeat Finding: No Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024. Criteria: Uniform Guidance 2 CFR 200.512, Report Submission, requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Condition: The Single Audit reporting package for the Cooperative’s fiscal year ended June 30, 2024 should have been submitted to the Federal Audit Clearinghouse by March 31, 2025. Cause: The Cooperative does not have compensating controls in place over timely submission of the Single Audit reporting package. Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. Questioned Costs: None. Recommendation: To ensure compliance with Federal regulations, we recommend the Cooperative develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis. View of Responsible Officials of the Auditee: Cooperative management concurs with this finding and a response is included in the corrective action plan.