Criteria: Audit reports for entities that have expended over $750,000 in federal awards and are subject to Uniform Guidance are required by MT statute (MCA 20-7-501) and federal law (2 CFR 200.512 (a)) to be filed with the respective agencies within nine months of the entity’s fiscal year end. Internal control procedures should be designed and operational to meet these filing deadlines. Condition: The fiscal year ended June 30, 2022 audit report, including reporting required under Uniform Guidance, was not filed with the appropriate agencies by the Montana statutory and Uniform Guidance filing due dates of within nine months after the fiscal year end of June 30, 2022 (March 31, 2023). Context: The Florence-Carlton School District No. 15-6 had historically timely filed its audits to the respective agencies as required by law. Effect: Florence-Carlton K-12 School District No. 15-16 filed the audit report and data collection form to the state and federal agencies after the required due date of March 31, 2023 and is not in compliance with state and federal filing requirements. . Cause: The Florence-Carlton School District No. 15-6 had multiple changes in key financial management positions in a short period of time. Additional time was required by the entity to produce complete and auditable financial information and schedules, including the Schedule of Federal Awards, for the year ended June 30, 2022. Recommendation: Internal control procedures should be designed and put into place to ensure that financial reporting be completed in a timely manner. These procedures could include additional training and assistance from third party sources. Views of Responsible Officials and Planned Corrective Action: See Management’s Responses on page 98. Repeat Finding: No
Criteria: Audit reports for entities that have expended over $750,000 in federal awards and are subject to Uniform Guidance are required by MT statute (MCA 20-7-501) and federal law (2 CFR 200.512 (a)) to be filed with the respective agencies within nine months of the entity’s fiscal year end. Internal control procedures should be designed and operational to meet these filing deadlines. Condition: The fiscal year ended June 30, 2022 audit report, including reporting required under Uniform Guidance, was not filed with the appropriate agencies by the Montana statutory and Uniform Guidance filing due dates of within nine months after the fiscal year end of June 30, 2022 (March 31, 2023). Context: The Florence-Carlton School District No. 15-6 had historically timely filed its audits to the respective agencies as required by law. Effect: Florence-Carlton K-12 School District No. 15-16 filed the audit report and data collection form to the state and federal agencies after the required due date of March 31, 2023 and is not in compliance with state and federal filing requirements. . Cause: The Florence-Carlton School District No. 15-6 had multiple changes in key financial management positions in a short period of time. Additional time was required by the entity to produce complete and auditable financial information and schedules, including the Schedule of Federal Awards, for the year ended June 30, 2022. Recommendation: Internal control procedures should be designed and put into place to ensure that financial reporting be completed in a timely manner. These procedures could include additional training and assistance from third party sources. Views of Responsible Officials and Planned Corrective Action: See Management’s Responses on page 98. Repeat Finding: No
Criteria: Audit reports for entities that have expended over $750,000 in federal awards and are subject to Uniform Guidance are required by MT statute (MCA 20-7-501) and federal law (2 CFR 200.512 (a)) to be filed with the respective agencies within nine months of the entity’s fiscal year end. Internal control procedures should be designed and operational to meet these filing deadlines. Condition: The fiscal year ended June 30, 2022 audit report, including reporting required under Uniform Guidance, was not filed with the appropriate agencies by the Montana statutory and Uniform Guidance filing due dates of within nine months after the fiscal year end of June 30, 2022 (March 31, 2023). Context: The Florence-Carlton School District No. 15-6 had historically timely filed its audits to the respective agencies as required by law. Effect: Florence-Carlton K-12 School District No. 15-16 filed the audit report and data collection form to the state and federal agencies after the required due date of March 31, 2023 and is not in compliance with state and federal filing requirements. . Cause: The Florence-Carlton School District No. 15-6 had multiple changes in key financial management positions in a short period of time. Additional time was required by the entity to produce complete and auditable financial information and schedules, including the Schedule of Federal Awards, for the year ended June 30, 2022. Recommendation: Internal control procedures should be designed and put into place to ensure that financial reporting be completed in a timely manner. These procedures could include additional training and assistance from third party sources. Views of Responsible Officials and Planned Corrective Action: See Management’s Responses on page 98. Repeat Finding: No
Criteria: Audit reports for entities that have expended over $750,000 in federal awards and are subject to Uniform Guidance are required by MT statute (MCA 20-7-501) and federal law (2 CFR 200.512 (a)) to be filed with the respective agencies within nine months of the entity’s fiscal year end. Internal control procedures should be designed and operational to meet these filing deadlines. Condition: The fiscal year ended June 30, 2022 audit report, including reporting required under Uniform Guidance, was not filed with the appropriate agencies by the Montana statutory and Uniform Guidance filing due dates of within nine months after the fiscal year end of June 30, 2022 (March 31, 2023). Context: The Florence-Carlton School District No. 15-6 had historically timely filed its audits to the respective agencies as required by law. Effect: Florence-Carlton K-12 School District No. 15-16 filed the audit report and data collection form to the state and federal agencies after the required due date of March 31, 2023 and is not in compliance with state and federal filing requirements. . Cause: The Florence-Carlton School District No. 15-6 had multiple changes in key financial management positions in a short period of time. Additional time was required by the entity to produce complete and auditable financial information and schedules, including the Schedule of Federal Awards, for the year ended June 30, 2022. Recommendation: Internal control procedures should be designed and put into place to ensure that financial reporting be completed in a timely manner. These procedures could include additional training and assistance from third party sources. Views of Responsible Officials and Planned Corrective Action: See Management’s Responses on page 98. Repeat Finding: No
Criteria: Audit reports for entities that have expended over $750,000 in federal awards and are subject to Uniform Guidance are required by MT statute (MCA 20-7-501) and federal law (2 CFR 200.512 (a)) to be filed with the respective agencies within nine months of the entity’s fiscal year end. Internal control procedures should be designed and operational to meet these filing deadlines. Condition: The fiscal year ended June 30, 2022 audit report, including reporting required under Uniform Guidance, was not filed with the appropriate agencies by the Montana statutory and Uniform Guidance filing due dates of within nine months after the fiscal year end of June 30, 2022 (March 31, 2023). Context: The Florence-Carlton School District No. 15-6 had historically timely filed its audits to the respective agencies as required by law. Effect: Florence-Carlton K-12 School District No. 15-16 filed the audit report and data collection form to the state and federal agencies after the required due date of March 31, 2023 and is not in compliance with state and federal filing requirements. . Cause: The Florence-Carlton School District No. 15-6 had multiple changes in key financial management positions in a short period of time. Additional time was required by the entity to produce complete and auditable financial information and schedules, including the Schedule of Federal Awards, for the year ended June 30, 2022. Recommendation: Internal control procedures should be designed and put into place to ensure that financial reporting be completed in a timely manner. These procedures could include additional training and assistance from third party sources. Views of Responsible Officials and Planned Corrective Action: See Management’s Responses on page 98. Repeat Finding: No
Criteria: Audit reports for entities that have expended over $750,000 in federal awards and are subject to Uniform Guidance are required by MT statute (MCA 20-7-501) and federal law (2 CFR 200.512 (a)) to be filed with the respective agencies within nine months of the entity’s fiscal year end. Internal control procedures should be designed and operational to meet these filing deadlines. Condition: The fiscal year ended June 30, 2022 audit report, including reporting required under Uniform Guidance, was not filed with the appropriate agencies by the Montana statutory and Uniform Guidance filing due dates of within nine months after the fiscal year end of June 30, 2022 (March 31, 2023). Context: The Florence-Carlton School District No. 15-6 had historically timely filed its audits to the respective agencies as required by law. Effect: Florence-Carlton K-12 School District No. 15-16 filed the audit report and data collection form to the state and federal agencies after the required due date of March 31, 2023 and is not in compliance with state and federal filing requirements. . Cause: The Florence-Carlton School District No. 15-6 had multiple changes in key financial management positions in a short period of time. Additional time was required by the entity to produce complete and auditable financial information and schedules, including the Schedule of Federal Awards, for the year ended June 30, 2022. Recommendation: Internal control procedures should be designed and put into place to ensure that financial reporting be completed in a timely manner. These procedures could include additional training and assistance from third party sources. Views of Responsible Officials and Planned Corrective Action: See Management’s Responses on page 98. Repeat Finding: No
Criteria: Audit reports for entities that have expended over $750,000 in federal awards and are subject to Uniform Guidance are required by MT statute (MCA 20-7-501) and federal law (2 CFR 200.512 (a)) to be filed with the respective agencies within nine months of the entity’s fiscal year end. Internal control procedures should be designed and operational to meet these filing deadlines. Condition: The fiscal year ended June 30, 2022 audit report, including reporting required under Uniform Guidance, was not filed with the appropriate agencies by the Montana statutory and Uniform Guidance filing due dates of within nine months after the fiscal year end of June 30, 2022 (March 31, 2023). Context: The Florence-Carlton School District No. 15-6 had historically timely filed its audits to the respective agencies as required by law. Effect: Florence-Carlton K-12 School District No. 15-16 filed the audit report and data collection form to the state and federal agencies after the required due date of March 31, 2023 and is not in compliance with state and federal filing requirements. . Cause: The Florence-Carlton School District No. 15-6 had multiple changes in key financial management positions in a short period of time. Additional time was required by the entity to produce complete and auditable financial information and schedules, including the Schedule of Federal Awards, for the year ended June 30, 2022. Recommendation: Internal control procedures should be designed and put into place to ensure that financial reporting be completed in a timely manner. These procedures could include additional training and assistance from third party sources. Views of Responsible Officials and Planned Corrective Action: See Management’s Responses on page 98. Repeat Finding: No
Late Submission Federal Program Information: Funding agency: U.S. Department of Education Title: Education Stabilization Fund CFDA number: 84.425D, 84.425U Award number: 006-0087-92-2021 and 006-0087-93-2021 Criteria or Specific Requirement: 2 CFR section 200.512(a) requires the reporting package and data collection form be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from auditors or nine months after the end of the audit period. Condition: The fiscal year audit and reporting package is being submitted after the required due date. Context: We reviewed the audit submission date in comparison to the required due date. Questioned Costs: To be determined by grantor. Effect: There is a potential for suspension or cessation of federal and/or state funding. Cause: The District recieved additional federal funding due the the Covid-19 pandemic and did not realize a single audit was required. Repeat: No Auditor's Recommendations: The District should take steps to ensure that its financial records are maintained on a current basis, reconciled timely, and audited within nine months after year end. View of Responsible Officials: The District is working with the auditors to get the District caught up to ensure that the 2024 financial statement audit is submitted on time.
Late Submission Federal Program Information: Funding agency: U.S. Department of Education Title: Education Stabilization Fund CFDA number: 84.425D, 84.425U Award number: 006-0087-92-2021 and 006-0087-93-2021 Criteria or Specific Requirement: 2 CFR section 200.512(a) requires the reporting package and data collection form be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from auditors or nine months after the end of the audit period. Condition: The fiscal year audit and reporting package is being submitted after the required due date. Context: We reviewed the audit submission date in comparison to the required due date. Questioned Costs: To be determined by grantor. Effect: There is a potential for suspension or cessation of federal and/or state funding. Cause: The District recieved additional federal funding due the the Covid-19 pandemic and did not realize a single audit was required. Repeat: No Auditor's Recommendations: The District should take steps to ensure that its financial records are maintained on a current basis, reconciled timely, and audited within nine months after year end. View of Responsible Officials: The District is working with the auditors to get the District caught up to ensure that the 2024 financial statement audit is submitted on time.
Condition: The Single Audit reporting package, as defined and required in 2 CRF 200.512 for fiscal year ended June 30, 2022, was not submitted timely. Context: Despite the Municipality’s best efforts to provide, on a timely basis, the information needed to complete the preparation and subsequent audit of their financial statements, the effects of the major disaster area declaration due to Hurricane Fiona delayed the submission of the Single Audit reporting package of the current year. Criteria: As per 2 CRF 200.512, the audit, data collection form, and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report, or nine months after the end of the audit period. However, for any 2022 submissions with fiscal periods ending between January 1, 2022, and October 31, 2022, the requirement stating that single audits are due to the Federal Audit Clearinghouse 30 days after receipt of the auditor’s report(s), is waived. These audits will be considered on time if they are submitted within nine months after their fiscal period end date. Cause: On September 18, 2022, Puerto Rico was declared a major disaster area due to the passage of Hurricane Fiona. As a result of this declaration, the OMB granted a six-month extension for all single audits that cover recipients in Puerto Rico and have due dates between September 18, 2022 and December 31, 2022. For June 30, 2021, the extended due date was March 31, 2023. The Municipality benefited from this extension and submitted their financial statements and data collection form on March 17, 2023. The due date of the current fiscal year, June 30, 2022 however was not extended and was also due on March 31, 2023. This situation prevented the timely submission of the current fiscal year Single Audit reporting package. Effect: Because of the situation described above, the Municipality did not comply with the report submission requirement since the audit was not submitted within nine months after their fiscal period end date. Auditor’s recommendation: Management should continue to fulfill their auditee responsibilities as stated in 2 CRF 200.508 which among other things, require management to prepare appropriate financial statements and provide the auditor with access to personnel, accounts, books, records, supporting documentation, and other information as needed for the auditor to perform the audit to ensure that subsequent financial reporting packages are submitted timely. Views of Responsible officials and corrective actions: The Municipality Administration is committed to complying with all submissions and has ensured the proper signing of an external auditors firm to comply with such requirements. Auditor Comments: 2 CFR 200.501 states that a non-federal entity that expends $750,000 or more in Federal awards during the non-Federal entity’s fiscal year must have a single audit conducted in accordance with 2 CFR 200.514. 2 CFR 200.508 states that it is the auditee responsibility to (1) prepare financial statements, including, the schedule of expenditures of Federal awards in accordance with 2 CFR 200.510, (2) promptly follow up and take corrective action on audit findings, including preparing a summary schedule of prior audit findings and a corrective plan, and (3) provide the auditor access to personnel, accounts, books, records, supporting documentation, and any other information needed for the auditor to perform the audit required by this part, among other things. Audit Status: In process of completion.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
Condition: The audit for June 30, 2022, was not summited within the required timeline. Criteria: 2 CFR 200.512(a)(1) 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 primary cause attributed to the reporting finding regarding late submissions can be identified as a deficiency in personnel resources within FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) The Corporation has experienced challenges in adequately staffing its finance and accounting department, thereby impeding its ability to fulfill reporting requirements in a timely and accurate manner. Effect: Late submissions of required financial reports can result in heightened scrutiny from Federal awarding agencies. The Corporation could face delays in receiving future funding until compliance issues are resolved, impacting its financial stability and mission delivery. Recommendation: FUNDACION DE DESARROLLO COMUNAL DE PUERTO RICO, INC. (FUNDESCO) should establish clear protocols and timelines for the preparation and submission of financial reports to ensure compliance with Federal awarding agency requirements. This includes recruiting more personnel, defining roles and responsibilities within the finance and accounting team and setting deadlines well in advance of the reporting due dates.
2022-006 – Single Audit Submission Federal Program Information: All federal programs. Criteria: 2 CFR 200.512 (a) (1) - Recipients of federal funds in excess of $750,000 are required to submit audits on a timely basis and file a data collection form and the audit with the federal audit clearinghouse 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. Condition: During audit procedures, it was identified that the audit was not submitted to the federal audit clearinghouse before the due date. Cause: Due to the other findings outlined above the audit could not be completed by the deadline. Effect: Client is not in compliance with the criteria above. Identification of Questioned Costs: None identified. Recommendation: We recommend that management takes steps to ensure that the books are closed on a timely basis so that the annual audit can be completed by the deadline. Repeat Finding: This is a repeat finding 2021-006 Views of Responsible Officials: Please see Corrective Action Plan issued by the Town of Limestone, Maine.
2022-006 – Single Audit Submission Federal Program Information: All federal programs. Criteria: 2 CFR 200.512 (a) (1) - Recipients of federal funds in excess of $750,000 are required to submit audits on a timely basis and file a data collection form and the audit with the federal audit clearinghouse 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. Condition: During audit procedures, it was identified that the audit was not submitted to the federal audit clearinghouse before the due date. Cause: Due to the other findings outlined above the audit could not be completed by the deadline. Effect: Client is not in compliance with the criteria above. Identification of Questioned Costs: None identified. Recommendation: We recommend that management takes steps to ensure that the books are closed on a timely basis so that the annual audit can be completed by the deadline. Repeat Finding: This is a repeat finding 2021-006 Views of Responsible Officials: Please see Corrective Action Plan issued by the Town of Limestone, Maine.
2022-006 – Single Audit Submission Federal Program Information: All federal programs. Criteria: 2 CFR 200.512 (a) (1) - Recipients of federal funds in excess of $750,000 are required to submit audits on a timely basis and file a data collection form and the audit with the federal audit clearinghouse 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. Condition: During audit procedures, it was identified that the audit was not submitted to the federal audit clearinghouse before the due date. Cause: Due to the other findings outlined above the audit could not be completed by the deadline. Effect: Client is not in compliance with the criteria above. Identification of Questioned Costs: None identified. Recommendation: We recommend that management takes steps to ensure that the books are closed on a timely basis so that the annual audit can be completed by the deadline. Repeat Finding: This is a repeat finding 2021-006 Views of Responsible Officials: Please see Corrective Action Plan issued by the Town of Limestone, Maine.
2022-006 – Single Audit Submission Federal Program Information: All federal programs. Criteria: 2 CFR 200.512 (a) (1) - Recipients of federal funds in excess of $750,000 are required to submit audits on a timely basis and file a data collection form and the audit with the federal audit clearinghouse 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. Condition: During audit procedures, it was identified that the audit was not submitted to the federal audit clearinghouse before the due date. Cause: Due to the other findings outlined above the audit could not be completed by the deadline. Effect: Client is not in compliance with the criteria above. Identification of Questioned Costs: None identified. Recommendation: We recommend that management takes steps to ensure that the books are closed on a timely basis so that the annual audit can be completed by the deadline. Repeat Finding: This is a repeat finding 2021-006 Views of Responsible Officials: Please see Corrective Action Plan issued by the Town of Limestone, Maine.
2022-006 – Single Audit Submission Federal Program Information: All federal programs. Criteria: 2 CFR 200.512 (a) (1) - Recipients of federal funds in excess of $750,000 are required to submit audits on a timely basis and file a data collection form and the audit with the federal audit clearinghouse 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. Condition: During audit procedures, it was identified that the audit was not submitted to the federal audit clearinghouse before the due date. Cause: Due to the other findings outlined above the audit could not be completed by the deadline. Effect: Client is not in compliance with the criteria above. Identification of Questioned Costs: None identified. Recommendation: We recommend that management takes steps to ensure that the books are closed on a timely basis so that the annual audit can be completed by the deadline. Repeat Finding: This is a repeat finding 2021-006 Views of Responsible Officials: Please see Corrective Action Plan issued by the Town of Limestone, Maine.
2022-006 – Single Audit Submission Federal Program Information: All federal programs. Criteria: 2 CFR 200.512 (a) (1) - Recipients of federal funds in excess of $750,000 are required to submit audits on a timely basis and file a data collection form and the audit with the federal audit clearinghouse 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. Condition: During audit procedures, it was identified that the audit was not submitted to the federal audit clearinghouse before the due date. Cause: Due to the other findings outlined above the audit could not be completed by the deadline. Effect: Client is not in compliance with the criteria above. Identification of Questioned Costs: None identified. Recommendation: We recommend that management takes steps to ensure that the books are closed on a timely basis so that the annual audit can be completed by the deadline. Repeat Finding: This is a repeat finding 2021-006 Views of Responsible Officials: Please see Corrective Action Plan issued by the Town of Limestone, Maine.
2022-006 – Single Audit Submission Federal Program Information: All federal programs. Criteria: 2 CFR 200.512 (a) (1) - Recipients of federal funds in excess of $750,000 are required to submit audits on a timely basis and file a data collection form and the audit with the federal audit clearinghouse 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. Condition: During audit procedures, it was identified that the audit was not submitted to the federal audit clearinghouse before the due date. Cause: Due to the other findings outlined above the audit could not be completed by the deadline. Effect: Client is not in compliance with the criteria above. Identification of Questioned Costs: None identified. Recommendation: We recommend that management takes steps to ensure that the books are closed on a timely basis so that the annual audit can be completed by the deadline. Repeat Finding: This is a repeat finding 2021-006 Views of Responsible Officials: Please see Corrective Action Plan issued by the Town of Limestone, Maine.
2022-006 – Single Audit Submission Federal Program Information: All federal programs. Criteria: 2 CFR 200.512 (a) (1) - Recipients of federal funds in excess of $750,000 are required to submit audits on a timely basis and file a data collection form and the audit with the federal audit clearinghouse 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. Condition: During audit procedures, it was identified that the audit was not submitted to the federal audit clearinghouse before the due date. Cause: Due to the other findings outlined above the audit could not be completed by the deadline. Effect: Client is not in compliance with the criteria above. Identification of Questioned Costs: None identified. Recommendation: We recommend that management takes steps to ensure that the books are closed on a timely basis so that the annual audit can be completed by the deadline. Repeat Finding: This is a repeat finding 2021-006 Views of Responsible Officials: Please see Corrective Action Plan issued by the Town of Limestone, Maine.
2022-006 – Single Audit Submission Federal Program Information: All federal programs. Criteria: 2 CFR 200.512 (a) (1) - Recipients of federal funds in excess of $750,000 are required to submit audits on a timely basis and file a data collection form and the audit with the federal audit clearinghouse 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. Condition: During audit procedures, it was identified that the audit was not submitted to the federal audit clearinghouse before the due date. Cause: Due to the other findings outlined above the audit could not be completed by the deadline. Effect: Client is not in compliance with the criteria above. Identification of Questioned Costs: None identified. Recommendation: We recommend that management takes steps to ensure that the books are closed on a timely basis so that the annual audit can be completed by the deadline. Repeat Finding: This is a repeat finding 2021-006 Views of Responsible Officials: Please see Corrective Action Plan issued by the Town of Limestone, Maine.
It is required under 2 CFR section 200.512, that the audit must be completed and the data collection form be submitted within the earlier of 30 calendar days after receipts of the auditor’s report, or nine months after the end of the audit period. Opera San Jose, Incorporated did not complete the audit within the prescribed deadline.
Criteria: In accordance with Title 2 CFR § 200.512 (a), the audit package and the data collection forms shall be submitted 30 days after receipts of the auditor’s report, or nine months after the end of the fiscal year end date, whichever comes first. Condition: The Single Audit Report for the year ended June 30, 2022, was not submitted to the Federal Audit Clearinghouse within the required period. Questioned costs: No questioned costs noted. Cause: Management did not provide necessary documents needed for the audit due to the change in accounting firms. Effect: Catholic Charities of Yolo-Solano, Inc. is not in compliance with the requirement of Title 2 § CFR 200.512 (a). Recommendation: Catholic Charities of Yolo-Solano, Inc. management should ensure the audit is completed within the required time period and submitted to the Federal Audit Clearinghouse promptly. Views of Responsible Officials and Planned Corrective Actions: Where applicable on future audits, management will ensure the audit is completed within the required time period and submitted to the Federal Audit Clearinghouse promptly in conjunction with the external accounting firm.
The reporting package and data collection form for the year ended June 30, 2022 was not filed by the deadline of March 31, 2023 to the Federal Audit Clearinghouse. In accordance with 2 CFR Section 200.512(a) Report Submission – General, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period, adjusted for any extensions permitted by the Office of Management and Budget. Due to the timing of the annual consolidated financial statements being completed, the Organization could not submit the data collection form by the required due date. The Organization not submitting the data collection form timely could affect future funding from various agencies and donors
The reporting package and data collection form for the year ended June 30, 2022 was not filed by the deadline of March 31, 2023 to the Federal Audit Clearinghouse. In accordance with 2 CFR Section 200.512(a) Report Submission – General, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period, adjusted for any extensions permitted by the Office of Management and Budget. Due to the timing of the annual consolidated financial statements being completed, the Organization could not submit the data collection form by the required due date. The Organization not submitting the data collection form timely could affect future funding from various agencies and donors
The reporting package and data collection form for the year ended June 30, 2022 was not filed by the deadline of March 31, 2023 to the Federal Audit Clearinghouse. In accordance with 2 CFR Section 200.512(a) Report Submission – General, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period, adjusted for any extensions permitted by the Office of Management and Budget. Due to the timing of the annual consolidated financial statements being completed, the Organization could not submit the data collection form by the required due date. The Organization not submitting the data collection form timely could affect future funding from various agencies and donors
The reporting package and data collection form for the year ended June 30, 2022 was not filed by the deadline of March 31, 2023 to the Federal Audit Clearinghouse. In accordance with 2 CFR Section 200.512(a) Report Submission – General, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period, adjusted for any extensions permitted by the Office of Management and Budget. Due to the timing of the annual consolidated financial statements being completed, the Organization could not submit the data collection form by the required due date. The Organization not submitting the data collection form timely could affect future funding from various agencies and donors
The reporting package and data collection form for the year ended June 30, 2022 was not filed by the deadline of March 31, 2023 to the Federal Audit Clearinghouse. In accordance with 2 CFR Section 200.512(a) Report Submission – General, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period, adjusted for any extensions permitted by the Office of Management and Budget. Due to the timing of the annual consolidated financial statements being completed, the Organization could not submit the data collection form by the required due date. The Organization not submitting the data collection form timely could affect future funding from various agencies and donors
The reporting package and data collection form for the year ended June 30, 2022 was not filed by the deadline of March 31, 2023 to the Federal Audit Clearinghouse. In accordance with 2 CFR Section 200.512(a) Report Submission – General, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period, adjusted for any extensions permitted by the Office of Management and Budget. Due to the timing of the annual consolidated financial statements being completed, the Organization could not submit the data collection form by the required due date. The Organization not submitting the data collection form timely could affect future funding from various agencies and donors
The reporting package and data collection form for the year ended June 30, 2022 was not filed by the deadline of March 31, 2023 to the Federal Audit Clearinghouse. In accordance with 2 CFR Section 200.512(a) Report Submission – General, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period, adjusted for any extensions permitted by the Office of Management and Budget. Due to the timing of the annual consolidated financial statements being completed, the Organization could not submit the data collection form by the required due date. The Organization not submitting the data collection form timely could affect future funding from various agencies and donors
Finding 2022-001: Late Submission of Single Audit Report Criteria: According to 2 CFR 200.512(a), the Single Audit report must be submitted within nine months after the end of the fiscal year. Condition: The Single Audit report for the fiscal year ended June 30, 2022, was not submitted on or prior to March 31, 2023, which was the nine-month deadline for report submission. Cause: The delay was due to management being unaware of the single audit submission requirements since management had not received funds requiring submission of a single audit in previous years. Effect: The late submission constitutes non-compliance with federal audit requirements, which may affect the Organization’s eligibility for future federal funding and could result in penalties or increased scrutiny from federal agencies. Questioned Costs: None Repeat Finding: No Recommendation: It is recommended that the Organization: 1. Strengthen its internal controls to ensure timely completion and submission of the Single Audit report. 2. Implement a monitoring system to track audit progress and deadlines. View of Responsible Official: See Corrective Action Plan
Finding 2022-002 Significant Deficiency over Internal Control over Compliance, Noncompliance - Reporting Agency Small Business Administration Assistance Listing Numbers (ALN) 59.075 – Shuttered Venue Operators Grant Program Criteria or Specific Requirement 2 CFR 200.512, Report Submission, establishes that the audit shall be completed and the data collection form and reporting package submitted to the Federal Audit Clearinghouse (FAC) within the earlier of 30 days after receipt of the auditor's report or 9 months after the end of the audit period, unless a longer period is agreed to in advance by the cognizant or oversight agency for audit, and any extensions granted by the Office of Management and Budget. Condition The Association did not comply with the required submission date of the data collection form and reporting package to the FAC for the fiscal year ended June 30, 2022. Cause The Association did not have controls in place to ensure the audit was completed timely so that the reporting package could be submitted to the FAC within the required timeframe. Effect or Potential Effect The Association is not compliant with 2 CFR 200.512. The Association could be exposed to a reduction or elimination of funds by Federal awarding agencies as a result. Questioned Costs Not applicable. Context This is a condition identified per review of the Association 's compliance with the specified requirements. Identification as a Repeat Finding Not applicable, not a repeat finding. Recommendation We recommend that the Association implement internal control procedures to ensure timely submission to the FAC in the future. Views of Responsible Officials Management agrees with the finding and plans to develop procedures to ensure timely filing for any future federal funding received.
2022-003 — Single Audit Report Submission – Material Weakness in Internal Control Over Compliance and Noncompliance (Repeat of finding 2021-001) Federal program information: Funding agencies: U.S. Department of Interior and U.S. Department of Education Titles: Assistance to Tribally Controlled Community Colleges; Higher Education Institutional Aid; and Education Stabilization Fund ALN Number: 15.027, 84.031, and 84.425 Award years: Various Criteria: The Uniform Guidance 2 CFR 200.512 (a) requires the audit package and data collection from be submitted 30 days after receipt of the auditor’s report or 9 months after the end of the fiscal year, whichever comes first. Condition: The College’s fiscal year 2022 single audit reporting package was not submitted within nine months after the end of the audit period. Questioned Costs: N/A Cause: The College did not have appropriate internal control policies and procedures in place to ensure accounting records and financial statements were reconciled timely and the audit conducted to meet compliance requirements. Effect: The single audit reporting package was submitted after the required reporting time period. Auditor’s Recommendations: To ensure compliance with the Uniform Guidance, the College should prepare accurate, complete, and timely financial statements and ensure an audit is performed to ensure the timely submission of the single audit reporting package. Management’s Response: Management has implemented policies and procedures to ensure the timely submission of single audit reporting package.
2022-003 — Single Audit Report Submission – Material Weakness in Internal Control Over Compliance and Noncompliance (Repeat of finding 2021-001) Federal program information: Funding agencies: U.S. Department of Interior and U.S. Department of Education Titles: Assistance to Tribally Controlled Community Colleges; Higher Education Institutional Aid; and Education Stabilization Fund ALN Number: 15.027, 84.031, and 84.425 Award years: Various Criteria: The Uniform Guidance 2 CFR 200.512 (a) requires the audit package and data collection from be submitted 30 days after receipt of the auditor’s report or 9 months after the end of the fiscal year, whichever comes first. Condition: The College’s fiscal year 2022 single audit reporting package was not submitted within nine months after the end of the audit period. Questioned Costs: N/A Cause: The College did not have appropriate internal control policies and procedures in place to ensure accounting records and financial statements were reconciled timely and the audit conducted to meet compliance requirements. Effect: The single audit reporting package was submitted after the required reporting time period. Auditor’s Recommendations: To ensure compliance with the Uniform Guidance, the College should prepare accurate, complete, and timely financial statements and ensure an audit is performed to ensure the timely submission of the single audit reporting package. Management’s Response: Management has implemented policies and procedures to ensure the timely submission of single audit reporting package.
2022-003 — Single Audit Report Submission – Material Weakness in Internal Control Over Compliance and Noncompliance (Repeat of finding 2021-001) Federal program information: Funding agencies: U.S. Department of Interior and U.S. Department of Education Titles: Assistance to Tribally Controlled Community Colleges; Higher Education Institutional Aid; and Education Stabilization Fund ALN Number: 15.027, 84.031, and 84.425 Award years: Various Criteria: The Uniform Guidance 2 CFR 200.512 (a) requires the audit package and data collection from be submitted 30 days after receipt of the auditor’s report or 9 months after the end of the fiscal year, whichever comes first. Condition: The College’s fiscal year 2022 single audit reporting package was not submitted within nine months after the end of the audit period. Questioned Costs: N/A Cause: The College did not have appropriate internal control policies and procedures in place to ensure accounting records and financial statements were reconciled timely and the audit conducted to meet compliance requirements. Effect: The single audit reporting package was submitted after the required reporting time period. Auditor’s Recommendations: To ensure compliance with the Uniform Guidance, the College should prepare accurate, complete, and timely financial statements and ensure an audit is performed to ensure the timely submission of the single audit reporting package. Management’s Response: Management has implemented policies and procedures to ensure the timely submission of single audit reporting package.
2022-003 — Single Audit Report Submission – Material Weakness in Internal Control Over Compliance and Noncompliance (Repeat of finding 2021-001) Federal program information: Funding agencies: U.S. Department of Interior and U.S. Department of Education Titles: Assistance to Tribally Controlled Community Colleges; Higher Education Institutional Aid; and Education Stabilization Fund ALN Number: 15.027, 84.031, and 84.425 Award years: Various Criteria: The Uniform Guidance 2 CFR 200.512 (a) requires the audit package and data collection from be submitted 30 days after receipt of the auditor’s report or 9 months after the end of the fiscal year, whichever comes first. Condition: The College’s fiscal year 2022 single audit reporting package was not submitted within nine months after the end of the audit period. Questioned Costs: N/A Cause: The College did not have appropriate internal control policies and procedures in place to ensure accounting records and financial statements were reconciled timely and the audit conducted to meet compliance requirements. Effect: The single audit reporting package was submitted after the required reporting time period. Auditor’s Recommendations: To ensure compliance with the Uniform Guidance, the College should prepare accurate, complete, and timely financial statements and ensure an audit is performed to ensure the timely submission of the single audit reporting package. Management’s Response: Management has implemented policies and procedures to ensure the timely submission of single audit reporting package.
2022-003 — Single Audit Report Submission – Material Weakness in Internal Control Over Compliance and Noncompliance (Repeat of finding 2021-001) Federal program information: Funding agencies: U.S. Department of Interior and U.S. Department of Education Titles: Assistance to Tribally Controlled Community Colleges; Higher Education Institutional Aid; and Education Stabilization Fund ALN Number: 15.027, 84.031, and 84.425 Award years: Various Criteria: The Uniform Guidance 2 CFR 200.512 (a) requires the audit package and data collection from be submitted 30 days after receipt of the auditor’s report or 9 months after the end of the fiscal year, whichever comes first. Condition: The College’s fiscal year 2022 single audit reporting package was not submitted within nine months after the end of the audit period. Questioned Costs: N/A Cause: The College did not have appropriate internal control policies and procedures in place to ensure accounting records and financial statements were reconciled timely and the audit conducted to meet compliance requirements. Effect: The single audit reporting package was submitted after the required reporting time period. Auditor’s Recommendations: To ensure compliance with the Uniform Guidance, the College should prepare accurate, complete, and timely financial statements and ensure an audit is performed to ensure the timely submission of the single audit reporting package. Management’s Response: Management has implemented policies and procedures to ensure the timely submission of single audit reporting package.
2022-003 — Single Audit Report Submission – Material Weakness in Internal Control Over Compliance and Noncompliance (Repeat of finding 2021-001) Federal program information: Funding agencies: U.S. Department of Interior and U.S. Department of Education Titles: Assistance to Tribally Controlled Community Colleges; Higher Education Institutional Aid; and Education Stabilization Fund ALN Number: 15.027, 84.031, and 84.425 Award years: Various Criteria: The Uniform Guidance 2 CFR 200.512 (a) requires the audit package and data collection from be submitted 30 days after receipt of the auditor’s report or 9 months after the end of the fiscal year, whichever comes first. Condition: The College’s fiscal year 2022 single audit reporting package was not submitted within nine months after the end of the audit period. Questioned Costs: N/A Cause: The College did not have appropriate internal control policies and procedures in place to ensure accounting records and financial statements were reconciled timely and the audit conducted to meet compliance requirements. Effect: The single audit reporting package was submitted after the required reporting time period. Auditor’s Recommendations: To ensure compliance with the Uniform Guidance, the College should prepare accurate, complete, and timely financial statements and ensure an audit is performed to ensure the timely submission of the single audit reporting package. Management’s Response: Management has implemented policies and procedures to ensure the timely submission of single audit reporting package.
Late Submission Funding Agency: U.S. Department of Education Title: Higher Education Emergency Relief Fund, Student Financial Aid Cluster AL Number: 84.425E, 84.425N, 84.007, 84.268, 84.033, 84.063 Criteria or Specific Requirement: 2 CFR section 200.512(a) requires the reporting package and data collection form be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from auditors or nine months after the end of the audit period. Condition: The fiscal year audit reporting package is being submitted after the required due date. Context: We reviewed the audit submission date in comparison to the required due date.. Questioned Costs: To be determined by grantor. Effect: There is potential for suspension or cessation of federal funding. Cause: The Covid-19 pandemic and turnover at the College caused a delay in the audit and as such the required deadline was not met. Repeat Finding: No. Recommendation: The College should take steps to endure that its financial records are maintained on a current basis, reconciled timely, and audited within nine months after year end.
Late Submission Funding Agency: U.S. Department of Education Title: Higher Education Emergency Relief Fund, Student Financial Aid Cluster AL Number: 84.425E, 84.425N, 84.007, 84.268, 84.033, 84.063 Criteria or Specific Requirement: 2 CFR section 200.512(a) requires the reporting package and data collection form be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from auditors or nine months after the end of the audit period. Condition: The fiscal year audit reporting package is being submitted after the required due date. Context: We reviewed the audit submission date in comparison to the required due date.. Questioned Costs: To be determined by grantor. Effect: There is potential for suspension or cessation of federal funding. Cause: The Covid-19 pandemic and turnover at the College caused a delay in the audit and as such the required deadline was not met. Repeat Finding: No. Recommendation: The College should take steps to endure that its financial records are maintained on a current basis, reconciled timely, and audited within nine months after year end.
Late Submission Funding Agency: U.S. Department of Education Title: Higher Education Emergency Relief Fund, Student Financial Aid Cluster AL Number: 84.425E, 84.425N, 84.007, 84.268, 84.033, 84.063 Criteria or Specific Requirement: 2 CFR section 200.512(a) requires the reporting package and data collection form be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from auditors or nine months after the end of the audit period. Condition: The fiscal year audit reporting package is being submitted after the required due date. Context: We reviewed the audit submission date in comparison to the required due date.. Questioned Costs: To be determined by grantor. Effect: There is potential for suspension or cessation of federal funding. Cause: The Covid-19 pandemic and turnover at the College caused a delay in the audit and as such the required deadline was not met. Repeat Finding: No. Recommendation: The College should take steps to endure that its financial records are maintained on a current basis, reconciled timely, and audited within nine months after year end.
Late Submission Funding Agency: U.S. Department of Education Title: Higher Education Emergency Relief Fund, Student Financial Aid Cluster AL Number: 84.425E, 84.425N, 84.007, 84.268, 84.033, 84.063 Criteria or Specific Requirement: 2 CFR section 200.512(a) requires the reporting package and data collection form be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from auditors or nine months after the end of the audit period. Condition: The fiscal year audit reporting package is being submitted after the required due date. Context: We reviewed the audit submission date in comparison to the required due date.. Questioned Costs: To be determined by grantor. Effect: There is potential for suspension or cessation of federal funding. Cause: The Covid-19 pandemic and turnover at the College caused a delay in the audit and as such the required deadline was not met. Repeat Finding: No. Recommendation: The College should take steps to endure that its financial records are maintained on a current basis, reconciled timely, and audited within nine months after year end.