Finding 1092713 (2023-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-12-20

AI Summary

  • Issue: The Program did not submit the required Single Audit by the September 30, 2024 deadline.
  • Impact: Failure to submit could lead to reduced or withheld grant funding.
  • Next Steps: Management should create internal controls to ensure timely submission of required reports.

Finding Text

Criteria An entity expending more than $750,000 of Federal funds during a year are required to obtain and submit a Single Audit to the Federal Clearinghouse either 30 days after issuance of audit report ot 9 months after the entity's year end. Condition The Program failed to submit the required Single Audit reporting package for the year ended December 31, 2023 by the required deadline of September 30, 2024. Cause The Program struggled to find a qualified CPA firm in a reasonable time frame to complete the Single Audit. Effect Grant funding could be reduced or withheld altogether due to not submitting the reporting package by the required deadline. Recommendation We recommend management develop internal control procedures to ensure required reporting is submitted on time. Management's Response Management agrees with the finding and will implement our recommendation.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 516270 2023-001
    Significant Deficiency
  • 516271 2023-002
    Significant Deficiency
  • 1092712 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.50M