Finding 1081026 (2024-002)

Finding Type: Immaterial Noncompliance/Significant Deficiency in Internal Control over Compliance (Reporting). Repeat Finding: No Criteria: The audited financial statements are required to be submitted to the Federal Audit Clearinghouse within 30 calendar days of receiving the auditor’s report or 9 months after the end of the audit period, whichever is earlier. Condition: The audited financial statements were not submitted to the Federal Audit Clearinghouse by the due date. Cause: There was a change in the way the audited financial statements are submitted to the Federal Audit Clearinghouse beginning with the 2022/23 fiscal year. Timely steps were taken to submit the audit; however, the last step was not completed, and therefore the audit was not submitted. The School District believed that all steps were taken and the submission was complete. Effect: The audited financial statements were not submitted timely to the Federal Audit Clearinghouse. Recommendation: We recommend that the School District implement procedures to ensure the audited financial statements are submitted timely. View of Responsible Officials: The Director of Business and Finance is aware of the deadline, and will submit the audited financial statements timely in the future. As soon as the School District was made aware that the submission was not completed, immediate action was taken to submit the audited financial statements. The School District is now familiar with the process of submitting the audited financial statements, and does not expect this to be an issue in the future. Current Status: Corrective action was taken prior to the start of the audit, and the matter is resolved.