April 9, 2025
CORRECTIVE ACTION PLAN: June 30, 2024
Identifying Number 2024-003: Reporting
Finding: Linder the Uniform Guidance, Section 200.512, Report Submission, the audit must be completed, and the data collection form and single audit reporting package must be submitted to the Federal Audit ...
April 9, 2025
CORRECTIVE ACTION PLAN: June 30, 2024
Identifying Number 2024-003: Reporting
Finding: Linder the Uniform Guidance, Section 200.512, Report Submission, the audit must be completed, and the data collection form and single audit reporting package must be submitted to the Federal Audit Clearinghouse (FAC) within the earlier or 30 calendar days after receipt of the auditor's report, or nine months after the end of the audit period. Additionally, internal controls pertaining to monthly and year-end close processes should include procedures to ensure all supporting schedules are prepared and reviewed timely ensuring timely audits and compliance with the Committee of Sponsoring Organizations (COSO) framework. The audit of the Organization for the year ended June 30, 2024, had a submission deadline of March 31, 2025. The Organization's June 30, 2024 Single Audit package was not submitted to the FAC by the deadline of March 31, 2025. Significant delays stemming from the Organization's year-end closing process extended over a prolonged period due to staffing challenges. As a result, delays in the completion of the audit result in required audit procedures and ultimate completion date to extend beyond the regulatory deadline. Corrective Action Taken or Planned: Management has reviewed the recommendations and will develop a schedule with auto reminders to ensure that these reporting requirements are completed on a timely basis. The corrective action will be implemented no later than June 30, 2025.
The primary designated official is the Chief Financial Officer Anthony Saccento, CPA