Audit 392452

2025-001 Compliance Requirement: Reporting – SF-425 Federal Financial Report Major Program: ALN 93.676 – Unaccompanied Children Program - SARC Criteria: The Organization is required to file the Federal Financial Report (FFR – SF-425) to report expenditures under federal awards, as well as, when applicable, cash status. The reports are required to be filed 30 days after the quarter end. Condition: During our review of the FFR reports, we noted the organization did not timely file three out of four quarters required to be filed under the fiscal year. Cause: The Organization has made some personnel changes in the grant department due to budget cuts, which caused some delays in reporting. Effect: Three out of four quarterly FFR reports were not filed on time. Recommendations: We recommend management implement internal control procedures to file the report on time. Views of Responsible Officials: Management agrees with the recommendation to improve the timing of report filings. Both the finance team and operations team will implement cross-training to ensure continuity of the process in case of teammate turnover. The financial report will be prepared timely after the close of a period and the finance team will communicate to the operations team once completed and ready for review and signoff. The operations team will ensure final approval and submission of the report.