Finding 1088726 (2023-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-11-26

AI Summary

  • Core Issue: There was a significant delay in filing the Federal Audit Clearinghouse Data Collection Form, violating compliance requirements.
  • Impacted Requirements: The Trust failed to meet the 30-day filing deadline as mandated by 2 CFR 200.512 (a) for federal awards over $750,000.
  • Recommended Follow-Up: Implement a document tracking system to ensure timely submissions and file the overdue form for the fiscal year ending June 30, 2023, as soon as possible.

Finding Text

Federal agency: U.S. Department of Housing and Urban Development Federal program title: Economic Development Initiative, Community Project Funding and Miscellaneous Grant ALN: 14.251. Finding 2023-001: Significant Deficiency in Internal Control over compliance related to reporting, specifically the Federal Audit Clearinghouse Data Collection Form Criteria: 2 CFR 200.512 (a) requires recipients expending $750,000 or more in Federal awards during its fiscal year to submit the data collection and reporting package within the earlier of 30 calendar days after the receipt of the auditor’s report(s), or nine months after the end of the audit period. Condition: For the fiscal year ended June 30, 2023, the Federal Audit Clearinghouse Data Collection Form was not filed in accordance with the time limit outlined in 2 CFR 200.512 (a). Causes: This is the first year that the Trust received a federal grant. There were delays in getting all of the data together. As a result, the Federal Audit Clearinghouse Data Collection Form could not be filled in in a timely manner. Effect: Noncompliance with 2 CFR 200.512 (a), could impair future funding. The Trust did not comply with the timeliness component of the reporting requirements. Repeat Finding: This is not a repeat finding. Recommendation: We recommend that management puts in place a document tracking and data filing system to monitor compliance with the requirement for timely filing of the data collection forms. We also recommend that the Federal Audit Clearinghouse Data Collection form be filed as soon as possible for the fiscal year ending June 30, 2023.

Categories

Reporting Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 512284 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants $786,928