Finding 1106124 (2024-006)

Finding 2024-006 Lack of Internal Controls Over Reporting Federal Agency: U.S. Department of the Treasury, passed through State of Alaska Federal Program: Coronavirus State and Local Fiscal Recovery Funds ALN: 21.027 Award Number AK0028 Award Year: 2021 Type of Finding: Significant deficiency in internal control over compliance and noncompliance. Criteria: Annual expenditure reports are due to the U.S. Department of the Treasury by April 30th of each year for the reporting period of April 1st through March 31st of the preceding year. Condition/Context: Management submitted the report for the period April 1st 2023 through March 31, 2024 on May 8th (8 days passed the reporting deadline). Cause: Due to employee turnover, the filing of the report was late. Effect: Late reporting may jeopardize future funding. Questioned Costs; None Repeat Finding: No Recommendation: The City should implement procedures to ensure that annual reports are submitted within the required timeline. Management Response: Management concurs with finding. See corrective action plan for more information.