Finding Text
Section III - Federal Award Findings and Questioned Costs
Finding No. 2023-1
Statement of Condition
The electronic submission of the financial statements was overdue.
Criteria
The financial statements must be electronically submitted to the Federal Audit Clearinghouse within 9 months of fiscal year-end.
Questioned Costs
None
Effect or potential effect
The Organization is in non-compliance with specific requirements of a major federal program.
Cause
Controls are not in place to ensure that the Organization records and reports financial data on time.
Recommendation
We recommend that the electronic submission be completed as soon as possible.
Views of Responsible Officials and Planned Corrective Action
Auditee agrees with the auditor. The Organization experienced a delayed start to its annual financial audit for the year ended June 30, 2023. That delay was exacerbated by additional requirements of the Organization’s first ever single audit, resulting in a late electronic submission to the Federal Audit Clearinghouse. The Organization is currently preparing to start the next audit at least three months earlier, which should allow sufficient time to meet the electronic submission deadline for the year ended June 30, 2024.