FAC Explorer

Audit 364734

FY End
2024-12-31
Total Expended
$14.83M
Findings
32
Programs
3
Organization: Laketran (OH)
Year: 2024 Accepted: 2025-08-22
Auditor: Zupka & Associates

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
574156 2024-001 - - L
574157 2024-001 - - L
574158 2024-001 - - L
574159 2024-001 - - L
574160 2024-001 - - L
574161 2024-001 - - L
574162 2024-001 - - L
574163 2024-001 - - L
574164 2024-001 - - L
574165 2024-001 - - L
574166 2024-001 - - L
574167 2024-001 - - L
574168 2024-001 - - L
574169 2024-001 - - L
574170 2024-001 - - L
574171 2024-001 - - L
1150598 2024-001 - - L
1150599 2024-001 - - L
1150600 2024-001 - - L
1150601 2024-001 - - L
1150602 2024-001 - - L
1150603 2024-001 - - L
1150604 2024-001 - - L
1150605 2024-001 - - L
1150606 2024-001 - - L
1150607 2024-001 - - L
1150608 2024-001 - - L
1150609 2024-001 - - L
1150610 2024-001 - - L
1150611 2024-001 - - L
1150612 2024-001 - - L
1150613 2024-001 - - L

Programs

ALN Program Spent Major Findings
20.507 Federal Transit Formula Grants $540,663 Yes 1
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $200,000 - 1
20.509 Formula Grants for Rural Areas and Tribal Transit Program $73,007 - 1

Contacts

Name Title Type
LWCYKUNJXM77 Matthew Clarke Auditee
4403501000 Kyle Dougherty Auditor
No contacts on file

Notes to SEFA

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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. De Minimis Rate Used: N Rate Explanation: Laketran has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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.
Title: INDIRECT COST RATE Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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. De Minimis Rate Used: N Rate Explanation: Laketran has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Laketran has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.
Finding 2024-001
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report (s) or nine months after the end of the audit period (whichever is earlier). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.