Audit 401541

Condition Found The reporting package and data collection form for the June 30, 2024 audit was not filed by the March 30, 2025 deadline. Effect LUYW was in violation of 2 CFR Section 200.512(a). Cause The financial records and supporting documentation were not prepared or made available in a timely manner, which prevented the audit from beginning early enough to meet the required reporting deadline. Criteria Uniform Guidance and 2024 Compliance Supplement, 2 CFR Section 200.512(a) require the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse by the earlier of 30 calendar days after the reports are received from the auditor, or nine months after the end of the audit period. Recommendation LUYW should ensure that its records are completed and reconciled in a timely manner, so that the Single Audit can be performed and completed on time, and the reporting package and data collection form can be submitted before the deadline. View of Responsible Officials In response to the late filing with the FAC, LUYW has implemented corrective measures to ensure timely compliance in the future. The organization has established an audit preparation timeline, assigned oversight responsibilities to the Executive Director of Operations and Finance, and strengthened coordination with its auditors to monitor all reporting deadlines. Additional review procedures and regular follow-up meetings will help ensure that future audit reports and FAC submissions are completed and submitted within the required timeframe.