Finding 1054812 (2020-001)

Condition - The Cooperative’s internal controls were not adequate to ensure timely preparation of the Schedule of Expenditures of Federal Awards (SEFA) and timely reporting under the Uniform Guidance. Criteria - The Cooperative is required to timely prepare its SEFA and engage an independent auditor to report under the Uniform Guidance. Cause - The Cooperative’s internal controls over the identification of compliance requirements, including timely preparation of the SEFA, were not adequate. Effect - The Cooperative did not timely complete its SEFA resulting in untimely reporting in accordance with the Uniform Guidance. Recommendation - The Cooperative should implement procedures to ensure timely preparation of its SEFA and identification of compliance requirements under the Uniform Guidance. Views of Responsible Officials - The Cooperative agrees with this finding and has implemented the recommended procedures.