Audit 410702

Reporting – Late Audit Report Submission (Compliance) Condition: The Housing Authority’s audit was not completed, and the Data Collection Form and reporting package were not submitted within nine months after the end of the audit period, as required under Uniform Guidance. Criteria: Section 200.512 Report Submission of the Office of Management and Budget’s Uniform Guidance states, “The audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day.” Cause: The Housing Authority’s financial statements and records were not ready for audit in a timely fashion that allowed for a timely audit submission. Effect: Late submission of Single Audits can lead to a reduction of overall federal funding or affect the timing of funding. Recommendation: The Housing Authority should ensure that its books are closed in a timely manner and that fieldwork is scheduled sufficiently early to allow for timely completion and submission of the reporting package. Views of Responsible Officials: See attached Corrective Action Plan. Total Questioned Costs $0