Finding 1095836 (2024-001)

-
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-01-16
Audit: 338316
Auditor: Rsm US LLP

AI Summary

  • Core Issue: The Village submitted the 2023 Single Audit reporting package late, missing the January 31, 2024 deadline.
  • Impacted Requirements: This violates Uniform Guidance 2 CFR 200.512(a), which mandates timely submission of audit reports.
  • Recommended Follow-up: Implement stronger controls to ensure all audit submissions are completed on time to avoid future funding risks.

Finding Text

Finding 2024-001: Untimely Submission of the 2023 Single Audit Reporting Package Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended April 30, 2023. Criteria: Uniform Guidance 2 CFR 200.512(a), Report Submission requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. For any 2023 submissions with fiscal periods ending between January 1, 2023 and September 30, 2023, the 2 CFR 200.512(a)(1) requirement for Single Audit report to be submitted to the Federal Audit Clearinghouse 30 days after receipt of the auditor’s report(s), is waived. These audits will be considered on time if they are submitted within nine months after the end of the audit period. Condition and Context: As the waiver noted above was applicable to the Village, the Single Audit reporting package for the Village’s fiscal year ended April 30, 2023 should have been submitted to the Federal Audit Clearinghouse by January 31, 2024. However, submission did not take place until December 16, 2024. Cause: The Village does not have sufficient controls in place over timely submission of the Single Audit reporting package. Effect or Potential Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse. This could potentially impact future funding by federal agencies. Questioned Costs: None. Repeat Finding: No Recommendation: To ensure compliance with Federal regulations, we recommend the Village develop additional controls so all elements of the Single Audit reporting package are submitted timely. View of Responsible Officials: Management agrees with this finding. See corrective action plan.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $638,985
20.205 Highway Planning and Construction $62,780
66.468 Drinking Water State Revolving Fund $40,500
16.610 Regional Information Sharing Systems $15,493
16.922 Equitable Sharing Program $15,195
93.044 Special Programs for the Aging, Title Iii, Part B, Grants for Supportive Services and Senior Centers $12,942
32.004 Universal Service Fund - Schools and Libraries $5,006
16.607 Bulletproof Vest Partnership Program $4,544