Finding Text
Finding Number 2023-01
Federal programs:
All Major programs
Category:
Internal control / Compliance
Condition:
Data Collection Form and Single Audit reporting package corresponding to year ended June 30, 2022, were not submitted within the established due date. The report was due by March 31, 2023, which is nine months after the end of the fiscal year ended June 30, 2022.
A similar finding was reported last year as item 2022-01.
Criteria:
2 CFR section 200.512 (a)(1) establishes that the audit must be completed and the reporting required by paragraph (b) (1) of this section 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. Unless restricted by Federal law or regulation, the auditee must make report copies available for public inspection. Auditees and auditors must ensure that their respective parts of the reporting package do not include protected personally identifiable information.
Cause:
Information required to timely complete the financial statements audit was not available.
Effect:
Data Collection Form and Single Audit reporting package were not submitted in a timely manner as required by the Uniform Guidance.
Questioned Costs:
None.
Recommendation:
Data Collection Form and Single Audit reporting package shall be submitted by the established due date.
Management’s Response:
On July 31, 2024, the Authority issued the audited financial statements for the fiscal year 2023 and Single Audit reporting package corresponding to year ended June 30, 2023 will be submitted on or before August 31, 2024. Currently, the audit for the fiscal year 2024 is in process and the Authority expects to issue and submit the 2024 financial statements and Single Audit reporting package within the established due date.