Finding Text
Criteria:
Monthly financial reporting information should be shared with the Board of Directors in a timely manner.
Condition:
Monthly financial reports were not provided to the Board for the entire fiscal year ended June 30, 2023.
Cause:
The delay in the financial reports to the Board was due to turnover within the accounting department during the
year. The Agency was not able to secure accounting services from a third-party contractor until the end of the
fiscal year. However, the focus of the contract was to get the Agency caught up and assist with the prior fiscal
year’s audit.
Effect:
During this period, internal financial information was not reviewed or approved by the Board timely.
Questioned Cost Amount:
None noted.
Perspective Information:
Twelve out of twelve months of financial reports were not provided to the Board during the fiscal year ended
June 30, 2023.
Repeat Finding:
This is a repeat finding.
Recommendation:
We recommend that the Agency implement controls to ensure that financial reports are provided to the Board in
a timely manner.
Views of Responsible Officials and Planned Corrective Action:
The Agency agrees with this finding. See auditee’s corrective action plan.