Finding Text
CORRECTIVE ACTION COMPLETE
Finding Number 2024-002:
Federal Program: CFDA 14.181 – Section 811 Capital Advance
Type: Compliance
Statement of Condition: Single Audit Submission was not timely filed.
Criteria: Single audit submissions are required to be filed within the earlier of 9 months after year-end or 30 days after report issuance.
Effect: Late filing.
Cause: Due to the new reporting system, there was confusion regarding the submission. The auditor and auditee performed their respective parts and the auditee believed they completed the process and submitted the report. It appears the submission was accidentally unlocked instead of being submitted.
Recommendation: Management needs to ensure that they receive visual verification that the submission has been finalized.
Management’s Response: Management concurs with the auditor’s finding that the Project’s single audit should be timely filed and will aware of the issue going forward.