Finding Text
Finding No. 2023-001: Noncompliance with Federal Filing Requirements
Condition: The School did not submit its audit report to the Federal Audit Clearinghouse within the required time frame.
Criteria: The School is required to file the audit reports with the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the awardee's fiscal year end.
Cause: The School's management was not aware of the deadline.
Effect: Noncompliance with the federal reporting requirements potentially affecting the eligibility for federal
funding or future audits.
Recommendations: Management should implement procedures to ensure timely filing of all required reports with the Federal Audit Clearinghouse in the future.
Management's Response: Galapagos Rockford Charter School NFP, Inc. agrees with the finding and the
recommended procedures have been implemented.