Audit 405067

Finding 2024-002--Timely Submission of Single Audit Federal Agency: U.S. Department of Housing and Urban Development Federal Program: ALN 14.267 – Continuum of Care Program Grant Period: Year ended December 31, 2024 Condition: The single audit reports were not submitted to the federal audit clearinghouse prior to the September 30, 2025 deadline. Criteria: Single audits are required to be submitted to the Federal Audit Clearinghouse at the earlier of 30 days after issuance of the financial statements or nine months after the fiscal year has ended. September 30, 2025 would have been 9 months after the Organization’s fiscal year end of December 31, 2024. Cause: Due to delays in the receipt of the necessary audit documentation, the audit was not able to be completed within the required timeframe. Effect: The Organization was not in compliance with a significant clause of its federal grants and the audit requirements of Uniform Guidance. Context: This noncompliance related to all federal programs, because the submission of the single audit reports to the federal audit clearinghouse is performed at the entity wide level. The finding was identified as part of a statistical sample. Repeat Finding: Yes. A similar finding was reported in the prior year as finding 2023-001. Recommendation: The Organization should put in place policies and procedures to ensure that the books are closed and provided to the auditor in a timely manner that provides sufficient time for an audit to be completed prior to the single audit due date. Views of Responsible Officials and Planned Corrective Actions: Management acknowledges that the single audit was not submitted by the required deadline. Corrective actions have been implemented to improve audit readiness, as stated in our response to finding 2024-001. These measures are expected to ensure timely completion and submission of the 2025 single audit.