FAC Explorer

Corrective Action Plans

Browse how organizations respond to audit findings

Total CAPs
64,113
In database
Filtered Results
21,389
Matching current filters
Showing Page
145 of 856
25 per page

Filters

Clear
Active filters: Reporting
Finding 1226412 (2024-006)
Material Weakness 2024
National Young Farmers Coalition, Inc.
NY
Questioned Costs Subrecipient Monitoring Cash Management
Planned Corrective Action: While the Organization’s existing internal controls address management of invoices and payments, there was no written process within the organization’s internal controls that identified the required documentation, workpapers, review, and approval for federal grant reimburs...
Planned Corrective Action: While the Organization’s existing internal controls address management of invoices and payments, there was no written process within the organization’s internal controls that identified the required documentation, workpapers, review, and approval for federal grant reimbursements. Planned Implementation Date of Corrective Action: October 1, 2025 Name of Contact Person: Melinda Lequin, Executive Finance Director
View Audit 409019
Finding 1226395 (2024-005)
Material Weakness 2024
I&f Incorporated Nfp
IL
Reporting
This matter was previously identified through DHS monitoring of the Organization's grant reporting. In response, management implemented a standardized monthly grant reporting process during 2025 that includes internal preparation deadlines established in advance of the grantor's due date, reconcilia...
This matter was previously identified through DHS monitoring of the Organization's grant reporting. In response, management implemented a standardized monthly grant reporting process during 2025 that includes internal preparation deadlines established in advance of the grantor's due date, reconciliation of grant expenditures to the accounting records, supervisory review of monthly reimbursement requests, and monitoring of submission deadlines through the Organization's grant compliance process. These procedures provide sufficient time for preparation, reconciliation, supervisory review, resolution of identified discrepancies, and submission of the Periodic Financial Reports within the timeframes established by IDHS. The revised procedures were incorporated into the Organization's standard monthly grant reporting process during 2025 and remain an ongoing component of the Organization's grant compliance and financial reporting procedures. Responsible Parties: CaTrice Monik, Finance Administrator, is responsible for preparation and timely completion of the Periodic Financial Reports; Susan Manuel, Internal Audit/Accounting, is responsible for reconciliation and review of the underlying financial information and monitoring compliance with applicable reporting deadlines; and Andre Thomas, Executive Director/CEO, provides management oversight and final approval, as applicable. Implementation Status: Fully implemented as of December 31, 2025.
View Audit 408980
Finding 1226394 (2024-004)
Material Weakness 2024
I&f Incorporated Nfp
IL
Reporting
Management has implemented a formal compliance calendar that identifies reporting deadlines associated with federal and State grants, including audit submission requirements under Uniform Guidance and GATA. Reporting deadlines and related audit milestones are monitored throughout the year, and manag...
Management has implemented a formal compliance calendar that identifies reporting deadlines associated with federal and State grants, including audit submission requirements under Uniform Guidance and GATA. Reporting deadlines and related audit milestones are monitored throughout the year, and management performs periodic reviews to ensure that required financial reports, audit deliverables, and regulatory filings remain on schedule. Delays or missed internal milestones will be identified and addressed promptly to minimize the risk of noncompliance with external reporting deadlines. 21 Integrity & Fidelity NFP. 403 W. Lincoln Highway, Chicago, IL. 60411 integrityandfidelity.org Andre Thomas (773) 756-6806 In addition, management has established earlier internal target dates for year-end closing procedures, financial statement preparation, audit support, and review of audit deliverables to provide adequate time for completion of required regulatory filings before applicable deadlines. Management will continue to monitor audit progress throughout each engagement and maintain ongoing communication with the independent auditors to facilitate timely completion of future audits and regulatory submissions. The corrective actions identified above have been partially implemented, including enhanced monitoring of regulatory reporting requirements and coordination of audit-related deliverables. Full implementation and formalization of the compliance calendar, internal audit completion milestones, and related management review procedures are expected by February 28, 2027. These procedures will remain ongoing components of the Organization's annual financial reporting and regulatory compliance process. Responsible Parties: Susan Manuel, Internal Audit/Accounting, with oversight and final approval by Andre Thomas, Executive Director/CEO. Responsibilities include monitoring applicable federal and State reporting deadlines, coordinating financial information and audit deliverables, monitoring progress against established internal deadlines, and ensuring required reports are submitted to the appropriate regulatory portals within prescribed timeframes. Implementation Status: Partially implemented; full implementation and formalization expected by February 28, 2027
View Audit 408980
Finding 1226335 (2024-002)
Material Weakness 2024
Town of Woodbridge
CT
Internal Control / Segregation of Duties Questioned Costs Material Weakness § 200.303
Identifying Number: 2024-002 Finding: There was a lack of segregation of duties in preparing and reviewing the quarterly Project and Expenditure Reports. Corrective Actions Taken or Planned: The Town has established policy and related procedures to ensure proper segregation of duties in preparing an...
Identifying Number: 2024-002 Finding: There was a lack of segregation of duties in preparing and reviewing the quarterly Project and Expenditure Reports. Corrective Actions Taken or Planned: The Town has established policy and related procedures to ensure proper segregation of duties in preparing and reviewing the quarterly Project and Expenditure Reports. Contact person(s): Anthony Genovese, Director of Finance Anticipated Completion Date: July 2026
View Audit 408971
Finding 1226317 (2024-001)
Material Weakness 2024
Agricultural Enterprises Development Administration
PR
Reporting
Documentation to perform a Single Audit of State FY 2025, which ended June 30, 2025, is already submitted to the auditors. There are working on control test of the data submitted and expect to finish the Single Audit Report on March 31, 2027.
Documentation to perform a Single Audit of State FY 2025, which ended June 30, 2025, is already submitted to the auditors. There are working on control test of the data submitted and expect to finish the Single Audit Report on March 31, 2027.
View Audit 408968
Finding 1226290 (2024-009)
Material Weakness 2024
City of Blackduck
MN
Questioned Costs Subrecipient Monitoring Material Weakness
Recommendation: We recommend that the City implement controls over USDA reports to ensure that they are reviewed prior to submission. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action planned in response to finding: The City will work to ensure t...
Recommendation: We recommend that the City implement controls over USDA reports to ensure that they are reviewed prior to submission. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action planned in response to finding: The City will work to ensure that the management reports are reviewed prior to submission. Name of the contact person responsible for corrective action: Christina Regas, City Administrator Planned completion date for corrective action plan: December 31, 2025.
View Audit 408959
Finding 1226222 (2024-005)
Material Weakness 2024
COUNTY OF IRWIN
GA
Questioned Costs Reporting Internal Control / Segregation of Duties
Reporting Requirements for Federally Funded Projects – U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds, (Assistance Listing #21.027) Name of the Contact Person Responsible for the Corrective Action Plan: Willis Lott, Director of Finance. Corrective Action Plan: We concu...
Reporting Requirements for Federally Funded Projects – U.S. Department of Treasury Coronavirus State and Local Fiscal Recovery Funds, (Assistance Listing #21.027) Name of the Contact Person Responsible for the Corrective Action Plan: Willis Lott, Director of Finance. Corrective Action Plan: We concur. We will continue to review and improve policies and procedures in an effort to eliminate error and identify deficiencies from both operational and financial perspectives. Anticipated Completion Date: August 31, 2025
View Audit 408869
Finding 1226199 (2024-002)
Material Weakness 2024
SELF INC
PA
Allowable Costs / Cost Principles Questioned Costs Reporting § 200.430
Management’s Response and Corrective Action Plan Management was unaware that certain City of Philadelphia contracts contained federal pass-through funding until confirmation was received from the City during the audit. Upon becoming aware of the federal funding, management developed an allocation me...
Management’s Response and Corrective Action Plan Management was unaware that certain City of Philadelphia contracts contained federal pass-through funding until confirmation was received from the City during the audit. Upon becoming aware of the federal funding, management developed an allocation methodology for shared personnel costs and has begun implementing procedures to identify federal funding at award inception and to document payroll allocations contemporaneously for future reporting periods.
View Audit 408838
Finding 1226170 (2024-009)
Material Weakness 2024
Hope Community Services, Inc.
OK
Reporting § 200.344
Management will: Establish grant closeout deadlines based on project award defined end date, Implement automated compliance calendar reminders and list of important dates for grant period, and Annual Uniform Guidance compliance training.
Management will: Establish grant closeout deadlines based on project award defined end date, Implement automated compliance calendar reminders and list of important dates for grant period, and Annual Uniform Guidance compliance training.
View Audit 408815
Finding 1226123 (2024-004)
Material Weakness 2024
Hope Community Services, Inc.
OK
Subrecipient Monitoring Allowable Costs / Cost Principles Questioned Costs § 200.334
Management will improve internal processes and controls to include the following: Monthly staff training for documentation retention requirements and policies, Quarterly audits of program expenditure documentation, and Annual Uniform Guidance compliance training.
Management will improve internal processes and controls to include the following: Monthly staff training for documentation retention requirements and policies, Quarterly audits of program expenditure documentation, and Annual Uniform Guidance compliance training.
View Audit 408815
Finding 1226115 (2024-003)
Material Weakness 2024
North Bay Village
FL
Allowable Costs / Cost Principles Reporting § 200.512
Management’s Response: The Village has contracted a third-party consultant to help the management with implementation of policies that will ensure the timely financial reporting and ensuring the timely completion of the audit. The Village has now hired and has a complete Human Resource department an...
Management’s Response: The Village has contracted a third-party consultant to help the management with implementation of policies that will ensure the timely financial reporting and ensuring the timely completion of the audit. The Village has now hired and has a complete Human Resource department and Finance department that has been in place for a year now. The Village has contracted a third-party accounting firm to facilitate with the training and processes required to completing year-end closing. Responsible Party: Mayte Gamiotea, Chief Financial Officer Anticipated Completion Date: September 30, 2026
View Audit 408787
Finding 1226006 (2024-001)
Material Weakness 2024
Dakota BioWorx
SD
Reporting Significant Deficiency
Finding Summary: The Entity does not have an internal control system designed to provide for a complete and accurate schedule of expenditures of federal awards (the schedule) being audited. We requested our auditors to assist with the preparation of the schedule and accompanying notes to the schedul...
Finding Summary: The Entity does not have an internal control system designed to provide for a complete and accurate schedule of expenditures of federal awards (the schedule) being audited. We requested our auditors to assist with the preparation of the schedule and accompanying notes to the schedule. Responsible Individuals: Craig Arnold, Chief Executive Officer Corrective Action Plan: It is not cost effective to have an internal control system designed to provide for the preparation of the schedule of expenditures of federal awards. We requested that our auditors, Eide Bailly LLP, prepare the schedule as a part of the program-specific audit. We have designated a member of management to review the schedule. Anticipated Completion Date: Ongoing.
View Audit 408686
Finding 1225984 (2024-001)
Material Weakness 2024
CHAMPLAIN FIRE DISTRICT
NY
Subrecipient Monitoring Reporting Internal Control / Segregation of Duties
2024-001 – Data Collection Forms Finding: Our audit procedures noted Champlain Fire District did not certify or submit the required Data Collection Form for the fiscal year ended December 31, 2024 related to the 2024 Single Audit. As of the date of our 2024 audit, the Data Collection Form and accomp...
2024-001 – Data Collection Forms Finding: Our audit procedures noted Champlain Fire District did not certify or submit the required Data Collection Form for the fiscal year ended December 31, 2024 related to the 2024 Single Audit. As of the date of our 2024 audit, the Data Collection Form and accompanying reporting package remain unsubmitted. Recommendation: We recommend that the Fire District implement procedures to ensure the timely preparation, certification, and submission of the annual Data Collection Form and reporting package when federal funds are received. This should include assigning responsibility for tracking deadlines, establishing a completion checklist, and documenting management review prior to submission. Action Taken: Champlain Fire District agrees with the finding and will implement procedures to address the recommendation in 2025.
View Audit 408642
Finding 1225954 (2024-001)
Material Weakness 2024
People's Emergency Center and Subsidiaries
PA
Internal Control / Segregation of Duties Subrecipient Monitoring Material Weakness § 200.512
Finding #2024-001 – Material Weakness – Accounting Recordkeeping All Programs Other Condition During the year ended June 30, 2024, management was unable to provide timely year-end trial balances in accordance with U.S. GAAP without significant adjusting journal entries required to accurately reflect...
Finding #2024-001 – Material Weakness – Accounting Recordkeeping All Programs Other Condition During the year ended June 30, 2024, management was unable to provide timely year-end trial balances in accordance with U.S. GAAP without significant adjusting journal entries required to accurately reflect the underlying accounting transactions. Recommendation We recommend that individuals overseeing the accounting and finance function continue to review the Organization's current accounting policies and update existing policies or implement new policies, as necessary, to ensure that accounting records are accurately maintained throughout the year. In addition, we recommend the Organization develop and document formal year-end closing procedures, including detailed closing checklists, assignment of responsibilities, and timelines for the preparation and review of reconciliations, trial balances, and supporting schedules. Monthly and quarterly account reconciliations, as appropriate, should be completed and reviewed timely throughout the year to facilitate an efficient year-end close process and ensure that complete and accurate trial balances and related supporting documentation are prepared and reviewed on a timely basis after year-end. Management’s Corrective Action Plan Management concurs with this finding. The delays in maintaining timely accounting records, completing reconciliations, and preparing year-end financial statements were primarily the result of significant turnover within the Accounting and Finance Department during the fiscal year, combined with the operational demands associated with the merger of HopePHL and Youth Service, Inc. These circumstances created a backlog of transaction processing and account reconciliations that ultimately delayed the preparation of accurate trial balances and required yearend adjustments to ensure compliance with U.S. GAAP. Since the conclusion of the audit period, management has implemented several corrective actions to strengthen the organization’s financial reporting processes and internal controls. These actions include:  Rebuilding and stabilizing the Accounting and Finance Department through the recruitment and retention of qualified personnel.  Establishing defined month-end closing procedures, including assigned responsibilities and timelines for completing reconciliations and reviewing financial activity.  Implementing a monthly close calendar with management oversight to ensure timely completion of accounting tasks and identification of outstanding issues.  Strengthening supervisory review of account reconciliations, journal entries, and financial reporting to improve the accuracy and completeness of accounting records throughout the year.  Monitoring compliance with financial reporting deadlines through regular meetings between Finance leadership and executive management. Management believes these corrective actions have substantially addressed the conditions that led to this finding and will help ensure that accounting records are maintained in accordance with U.S. GAAP, financial statements are prepared on a timely basis, and future reporting requirements, including those under 2 CFR §200.512(a)(1), are met. Contact Person: Kathy Desmond, President and CEO Anticipated Completion Date: June 30, 2025
View Audit 408588
Finding 1225918 (2024-001)
Material Weakness 2024
City of Sulphur
LA
Questioned Costs Reporting
Management has implemented procedures to identify all federal awards and reconcile to general ledger before preparing the SEFA.
Management has implemented procedures to identify all federal awards and reconcile to general ledger before preparing the SEFA.
View Audit 408579
Finding 1225897 (2024-001)
Material Weakness 2024
Northeast Florida Health Services, Inc.
FL
Internal Control / Segregation of Duties Questioned Costs Material Weakness
Finding 2024-001, Cash Disbursement Policy Recommendation We recommend the organization follow the documented cash disbursement process and ensure reviews and approvals are documented. Response NEFHS self-identified such inconsistencies through its normal internal control process and implemented a P...
Finding 2024-001, Cash Disbursement Policy Recommendation We recommend the organization follow the documented cash disbursement process and ensure reviews and approvals are documented. Response NEFHS self-identified such inconsistencies through its normal internal control process and implemented a Payable Invoice Management (PIM} system in November 2023. With the loss of personnel this system became too cumbersome and inefficient. All invoices were eventually approved by management with the final approval coming from the CEO when signed. NEFHS has moved to a new financial software platform with an integrated accounts payable system. All invoices are approved for payment before checks are cut and distributed.
View Audit 408574
Finding 1225668 (2024-012)
Material Weakness 2024
State of Kosrae
FM
Reporting § 200.303
Finding Number 2024-012 (Repeat 2023-011) Corrective Action Plan Reporting — AL 15.875 (U.S. Department of the Interior) • Establish a reporting calendar identifying each SF-425 due date, and issue a formal request and follow-up protocol to the FSM State Governments requiring submission of their qua...
Finding Number 2024-012 (Repeat 2023-011) Corrective Action Plan Reporting — AL 15.875 (U.S. Department of the Interior) • Establish a reporting calendar identifying each SF-425 due date, and issue a formal request and follow-up protocol to the FSM State Governments requiring submission of their quarterly reports sufficiently in advance of the consolidated due date. • Designate a responsible officer to compile the consolidated SF-425, reconcile it to the accounting records, and obtain documented supervisory review before submission to OIA by the applicable due date. • Where a state report remains outstanding at the due date, submit the SF-425 on the basis of the best available data by the due date and file a revised report upon receipt of the outstanding submission, documenting the communication with OIA. • Escalate persistent non-submission by a state to the Office of Compact Management and address it through the subrecipient agreement and the subrecipient monitoring framework being established under Finding 2024-013. • Maintain a file of all reports submitted together with the supporting reconciliations for grant oversight and audit purposes. Anticipated Completion Date 9/30/2027 Responsible Person (Contact Details) Ms. Julyn Lawrence Email: julyn.lawrence@gov.fm Ms. Senny Phillip Assistant Secretary, Investment Email: senny.phillip@gov.fm
View Audit 408530
Finding 1225613 (2024-005)
Material Weakness 2024
GROW HAYS INC
KS
Reporting
We acknowledge and concur with the auditor’s finding. Management will establish a formal process to track Uniform Guidance and Federal Audit Clearinghouse reporting deadlines to ensure that future reporting packages and data collection forms are completed and submitted within the required timeframe....
We acknowledge and concur with the auditor’s finding. Management will establish a formal process to track Uniform Guidance and Federal Audit Clearinghouse reporting deadlines to ensure that future reporting packages and data collection forms are completed and submitted within the required timeframe. Contact Person Responsible for Corrective Action: Doug Williams Anticipated Completion Date: September 1, 2026
View Audit 408509
Finding 1225612 (2024-004)
Material Weakness 2024
GROW HAYS INC
KS
Subrecipient Monitoring Material Weakness Reporting
We acknowledge and concur with the auditor’s finding. Management will strengthen its controls over grant expenditure reporting to ensure that expenditure reports submitted to grantors reflect only expenditures actually incurred during the reporting period. Construction costs will be reported when th...
We acknowledge and concur with the auditor’s finding. Management will strengthen its controls over grant expenditure reporting to ensure that expenditure reports submitted to grantors reflect only expenditures actually incurred during the reporting period. Construction costs will be reported when the related work is performed and costs are incurred, rather than when contracts are executed, and expenditures will be reviewed for allowability under the applicable grant agreement before inclusion in a report. All expenditure reports will be reconciled to the accounting records and independently reviewed and approved prior to submission to the grantor. Contact Person Responsible for Corrective Action: Doug Williams Anticipated Completion Date: September 1, 2026
View Audit 408509
Finding 1225604 (2024-005)
Material Weakness 2024
Iroquois County, Illinois
IL
Reporting § 200.303 § 200.329
Coronavirus State and Local Fiscal Recovery Funds – Assistance Listing No. 21.027 – Reporting Recommendation: We recommend the County perform a reconciliation of the project details reported to the expenditure detail and procurement amounts awarded detail used to support the SEFA, and these reconcil...
Coronavirus State and Local Fiscal Recovery Funds – Assistance Listing No. 21.027 – Reporting Recommendation: We recommend the County perform a reconciliation of the project details reported to the expenditure detail and procurement amounts awarded detail used to support the SEFA, and these reconciliations be reviewed, to ensure accuracy and completeness of the reporting. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: The county will perform a reconciliation of the project details reported to the expenditure detail and procurement amounts awarded detail used to support the SEFA, and these reconciliations be reviewed, to ensure accuracy and completeness of the reporting. Name of the contact persons responsible for corrective action: Jill Johnson, Finance Manager, and Department Heads and Elected Officials Planned completion date for corrective action plan: November 30, 2025
View Audit 408486
Finding 1225599 (2024-002)
Material Weakness 2024
Community High School District 218
IL
Reporting Material Weakness § 200.502 § 200.510
Finding 2024-002: Preparation of the Schedule of Expenditures of Federal Awards, Material weakness/other matter noncompliance: Corrective Actions Taken or Planned: Management will review its year-end processes and its grant-related internal controls with a specific focus on accrual-basis auditing re...
Finding 2024-002: Preparation of the Schedule of Expenditures of Federal Awards, Material weakness/other matter noncompliance: Corrective Actions Taken or Planned: Management will review its year-end processes and its grant-related internal controls with a specific focus on accrual-basis auditing requirements to ensure that such errors do not occur in the future. Anticipated completion date is June 30, 2025, by the Business Office, Anthony Corsi, Business Manager and Chief of School Business Official
View Audit 408477
Finding 1225563 (2024-002)
Material Weakness 2024
Capital Metropolitan Transportation Authority
TX
Reporting Internal Control / Segregation of Duties § 200.502 § 200.510
To address the finding, the Authority has implemented corrective actions that include establishing a formal year-end SEFA preparation and review process involving Accounting and Grant Program Mangers; reconciling federal expenditures reported on the SEFA to the general ledger and year end accruals, ...
To address the finding, the Authority has implemented corrective actions that include establishing a formal year-end SEFA preparation and review process involving Accounting and Grant Program Mangers; reconciling federal expenditures reported on the SEFA to the general ledger and year end accruals, reviewing active federal awards at fiscal year-end to identify eligible expenditures that may not have been reported; Revising the Grants Management Procedures Manual to formalize year-end cutoff, review, reconciliation, and approval procedures prior to SEFA issuance. These procedures will be incorporated into the FY26 year-end close and reporting process.
View Audit 408444
Finding 1225547 (2024-005)
Material Weakness 2024
The Simple Foundation
NE
Reporting Subrecipient Monitoring § 200.303
1. Provide additional training to accounting personnel on the updated accounting system (Aplos) and the current chart of accounts. Target: August 31, 2026. 2. Implement a review process to verify proper coding of expenditures, particularly following system changes or chart-of-account updates, with s...
1. Provide additional training to accounting personnel on the updated accounting system (Aplos) and the current chart of accounts. Target: August 31, 2026. 2. Implement a review process to verify proper coding of expenditures, particularly following system changes or chart-of-account updates, with sign-off by the Finance Director. Target: September 31, 2026. 3. Perform periodic (at least quarterly) reconciliations and monitoring procedures between the Aplos general ledger and the grant financial reporting system (Airtable/Euna) to detect and correct misclassifications in a timely manner, beginning Q3 2026.
View Audit 408441
Finding 1225546 (2024-004)
Material Weakness 2024
The Simple Foundation
NE
Reporting § 200.510
The following corrective action plan is the same plan implemented in response to Finding 2024-002, as both findings arise from the same underlying SEFA completeness issue: 1. Beginning with the fiscal year 2025 SEFA, the Foundation will compile the SEFA, and provide supporting documentation to the a...
The following corrective action plan is the same plan implemented in response to Finding 2024-002, as both findings arise from the same underlying SEFA completeness issue: 1. Beginning with the fiscal year 2025 SEFA, the Foundation will compile the SEFA, and provide supporting documentation to the auditors, directly from experts of its grant financial reporting system (Airtable, mirroring DED's Euna/Amplifund system) reflecting all submitted grant-marked expenditures, approved and pending, rather than from Aplos records marked as DED-approved with an adjusted fund source. Target: September 30, 2026. 2. Develop and document a formal SEFA preparation checklist that reconciles federal expenditures from the general ledger, the grant reporting system (Amplifund/Euna) export, the deferred revenue schedule, and cash receipts prior to submission to auditors. Target: September 30, 2026. 3. Designate the Finance Director as the primary reviewer of the SEFA, with a mandatory pre-submission reconcilitation sign-off process. Target: September 30, 2026. 4. Provide targeted training to finance staff on Single Audit requirements, ARPA SLFRF cost-reimbursement grant accounting under 2 CFR Part 200, and SEFA prepataion using the grant reporting system of record. Target: August 31, 2026. 5. Engage the Foundation's auditors for a pre-audit SEFA review consultation in advance of the fiscal year 2025 audit to validate the revised approach.
View Audit 408441
Finding 1225537 (2024-005)
Material Weakness 2024
Westinghouse Arts Academy Charter School
PA
Reporting Significant Deficiency § 200.512
Description of Finding: The School did not submit the Single Audit Reporting Package to the FAC or the PDE prior to the March 31, 2025, deadline. Statement of Concurrence or Nonconcurrence: the School acknowledges the finidng related to the late remittance of the Single Audit Reporting Package to th...
Description of Finding: The School did not submit the Single Audit Reporting Package to the FAC or the PDE prior to the March 31, 2025, deadline. Statement of Concurrence or Nonconcurrence: the School acknowledges the finidng related to the late remittance of the Single Audit Reporting Package to the FAC and the PDE. The late submission resulted frm inadequate monitoring of regulatory reporting deadlines and the absence of a formal process for tracking, reviewing, and submitting the Single Audit REporting Package. Responsibilities for completing and submitting the package were not clearly documented, and there was no secondar review to verify that all required submissions had been completed on time. Corrective Action: The School will remit the Single Audit Reporting Package to the FAC and the PDE within 30 days of when the June 30, 2024 audit is completed and issued. The School will retain documentation of the submission and confirmation of receipt. Moving forward the School will develop and maintain a compliance calendar identifying all federal and state reporting. The School will develop written proce-dures outlining the steps for preparing, reviewing, approving, and submitting the Single Audit Reporting Package deadlines, including Single Audit submission requirements. Projected Completion Date: The School has hired an outside accounting and management firm effective July 1, 2025. The School is cur-rently working with the firm on the corrective actions outlined here. The School will remit the Single Audit Reporting Package to the FAC and the PDE, and develop written policies as outlined above within 30 days from the issuance of the June 30, 2024 audit.
View Audit 408416
« 1 143 144 146 147 856 »