Finding 1104959 (2023-002)

Finding 2023-02 – Significant Deficiency Federal Grantor: Various Passed-through: Various Pass-through Grantor’s No.: Various Compliance Requirement: Reporting Condition: The Organization submitted its Audited Financial Statements and Single Audit Report to the federal clearinghouse in March, 2025, six months after it was due. Criteria: The Organization was required to submit its Audited Financial Statements and Single Audit Report to the federal audit clearinghouse no later than September, 2023, nine months after the fiscal yearend (2 Code of Federal Regulations §200.512). Effect: Federal awarding agencies may deny future federal awards or subject the Organization to additional cash monitoring requirements. This finding was not a result of internal control over individual federal programs and, accordingly, did not have a direct and material effect on the reporting requirements over the Organization’s major federal programs. Cause: The Organization was unable to prepare its Audited Financial Statements and Schedule of Expenditures of Federal Awards in a timely manner due to turnover in personnel. Recommendation: The Organization needs to ensure that it can close its books and submit its audited financial statements and single audit to the federal audit clearinghouse no later than the statutory reporting deadline. Views of Responsible Officials: The Organization concurs with this finding and has engaged a new accounting group to ensure audits can be performed timely.